Product Name AGRICULTURAL LOAN
Purpose This agriculture loan is designed for providing loans to the agricultural firms/companies engaged in the production and distribution of agricultural products such as vegetables, fruits, livestock, poultry, dairy, fish, etc. Commercially, this product further includes the purchasing of tractors (exclusively used for agriculture) and agricultural tools & machinery. In the case of the firms, they should be legally registered and take permission from the concerned authority for the operation of the business.
Loan Amount Maximum up to 5 Crore
Interest Rate Base Rate + up to 5% premium
CIC Charge Rs. 250 per inquiry (For No Transaction Report) Rs. 550 per inquiry (For Transaction Report)
Document Required
  1.  Passport-size photograph of the applicant with the application.
  2. Applicant’s Citizenship certificate.
  3. Photographs and Citizenship Certificate of Guarantors.
  4. Firm/Partnership/Company/Institution registration documents.
  5. PAN/VAT registration and all documents related to the organization

Other Business Loan