What is an Agricultural Loan ?

Agricultural credit is a loan given to farmers for agricultural purposes . India offers a large number of agricultural loans . The loan is available not only to agriculture but also to persons associated with other agricultural sectors .

State Bank of India Agricultural Loan Interest Details

SBI Agricultural Loan starts from 7% interest rate . It is reimbursed to farmers on the basis of the harvest and marketing period of yield on sustainable crops . 5 year loan is sanctioned on the basis of cultivation cost , farm maintenance expenses , post cost , and loan amount is paid for one year only K . C . C . The C limit is not up to one lakh when adjusting the parallel requirement .

1. Kisan is the goal of your credit card K. C . C is basically a credit card issued .
2. Credit night savings goal K.C.C.  receives interest through the account .
3. K . C . C card is a free and debit card.

Details Interest rate

• Interest rate 7% pa ,
• K . C . C The loan amount is charged at 2% interest rate per Rs.3 lakhs ,
• The loan amount is increased to half a year at the time of non-repayment ,

Documents required to obtain SBI Agricultural Loan

1. Application form filled by the applicant ,
2. Proof of identity i.e. Ban Card ,
3. Voter ID Aadhar Card Passport or Driving License .

Bank of India Agricultural Loan Interest Details

Bank of India provides 8.50 per cent agricultural credit to farmers . These are M. C . L . R provides agricultural credit to the base force . M. C . L . R is the interest rate for one year . All loans , limits are updated , based on the M . C . L . R pays the debt . Loans to farmers range from zero point to 30 percent .

Interest rate = Annual MCLR + Business Strategy Distribution (PSS) + Credit Premium is also included .

Details Interest rate

• MR . C . L . 8.50 percent per annum on R basis ,
• Agricultural Credit Zero 30% ,
• The loan period is five years .

Documents required to avail Bank of India Agricultural Loan

1. Application form filled by the applicant ,
2. Proof of identity i.e. Ban Card ,
3. Voter ID Aadhar Card Passport or Driving License .

Canara Bank Agricultural Loan Interest Details

Canara Bank interest rate up to Rs.3 lakh M. C . L . R lends at a rate of 1.40 percent .M.C.L.R for Agricultural Credit Farmers M . C . L . R In terms of  3 .05 percent, the interest rate is calculated .

Details Interest rates

• Rs.3 lakh hits . C . L . R 1.40 per cent ,
• Agricultural credit m . C . L . R 3.05% .

Documents required to obtain Canara Bank Agricultural Loan

1. Application form filled by the applicant ,
2. Proof of identity i.e. Ban Card ,
3. Voter ID Aadhar Card Passport or Driving License .

Bank of Baroda Agricultural Loan Interest Details

Bank of Baroda starts with a maximum interest rate of 30% . Provides agricultural loans to farmers from a minimum of Rs.30,000 . The nature of the claims to be repaid in two years is convenient . The interest rate is M.C . L . R is calculated at the fund-based debt ratio . Strategic premium No refund period of 24 months and no coverage .

Details Interest rates

• Maximum interest rate 30% ,
• Minimum of Rs.30,000 ,
• Repayment period is 24 months ,
• No security .

Documents required to obtain Bank of Baroda Agricultural Credit

1. Application form filled by the applicant ,
2. Proof of identity i.e. Ban Card ,
3. Voter ID Aadhar Card Passport or Driving License .

Indian Bank Agricultural Loan Interest Details

Indian Bank also provides agricultural loans to individuals and groups of individuals . The bank of working capital based  calls on the agricultural loan . Loans are given to farmers at an interest rate of at least 25 percent and working capital at 35 percent . You can repay the loan in a short period of time by following the deadline . You have the opportunity to receive credit for time if you follow the short-term debt . The maximum leave period for repayment of agricultural loan is 2 years to 9 years

Details Interest Rates

• Term loan at least 25%,
• Working capital at least 30 percent ,
• The repayment period ranges from two years to nine years .

Documents required to obtain Indian Bank Agricultural Loan

1. Application form filled by the applicant ,
2. Proof of identity i.e. Ban Card ,
3. Voter ID Aadhar Card Passport or Driving License .

Central Bank of India Agricultural Loan Interest Details

The Central Bank of India offers loans to farmers ranging from 10 per cent to 20 per cent . The need for short-term credit for farmers provides credit for post-harvest costs and marketing . It aims to meet their need for farmers .

Details Interest rate

• Limit crop fund amount for the first year 10% interest rate is charged on post-harvest expenses .
• Repair and crop insurance is calculated at an interest rate of 20 percent for personal accident insurance and property insurance .
• No processing fees and up to 5 years grace period is given for repayment .

Documents required to obtain agricultural loan from Central Bank of India

1. Application form filled by the applicant ,
2. Proof of identity i.e. Ban Card ,
3. Voter ID Aadhar Card Passport or Driving License .

UCO Bank Agricultural Loan Interest Details

UCO Bank lends to farmers at 70 per cent interest . UCO Bank introduces a card to farmers .  you need, thereby gaining . Kisan Credit Card is a card issued to farmers for easy and timely loans . This Kisan Credit Card is used for marketing loans and post-harvest loans .

Details Interest rate

• 7% interest rate on agricultural loans of Rs.3 lakhs to farmers ,
• Kisan credit card scheme by means of a loan processing fee of 3 lakh collections ,
• One per cent interest rate from Rs.3 lakh to Rs.25 lakh ,
• 2% interest rate from Rs.25 lakh to Rs.1 crore ,
• Eligibility Citizen of India .

Documents required to obtain UCO Bank Agricultural Loan

1. Application form filled by the applicant ,
2. Proof of identity i.e. Ban Card ,
3. Voter ID Aadhar Card Passport or Driving License .

Union Bank of India Agricultural Loan Interest Details

Union Bank of India raises interest rates for farmers from 10% to 20 % . Post-harvest loans for farmers who own land to provide agricultural credit

1. Provide loans based on crops .
2. Interest rate m . C . L . R basis are calculated .
3. M. C . L . R is the rate calculated once a year .

Details Interest rate

• 10 per cent to 20 per cent for crop loan farmers ,
• The loan period is given up to five years ,
• Crop loans alone do not carry interest up to Rs.1 lakh .
• An interest rate of more than one lakh 15 per cent will be calculated

Documents required for obtaining agricultural loan from Union Bank of India

1. Application form filled by the applicant ,
2. Proof of identity i.e. Ban Card ,
3. Voter ID Aadhar Card Passport or Driving License .

Conclusion

We hope we have provided you with some very important information. Get a bank loan from a bank with low interest rates to meet your needs.