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Agricultural Loan

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ICICI BankICICI Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2.5%
Max. Loan Amount₹2 Crore
HDFC BankHDFC Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹4999+GST
Max. Loan Amount₹50 Lakh
Axis BankAxis Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹40 Lakh
Kotak BankKotak Bank
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹12999+GST
Max. Loan Amount₹50 Lakh
Bajaj FinservBajaj Finserv
Processing Time1 - 2 Days
Interest Rate10% onwards
Processing FeesUpto 1.2%
Max. Loan Amount₹75 Lakh
IDFC First BankIDFC First Bank
Processing Time1 - 2 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹1 Crore
CholamandalamCholamandalam
Processing Time3 - 5 Days
Interest Rate17% onwards
Processing FeesUpto 4%
Max. Loan Amount₹50 Lakh

Features of Agriculture Loan

  • End-use Flexibility: Agricultural loan can be availed to meet a variety of expenses related to farm activities, such as to purchase new farmland/ cattle or to manage the operating costs and other allied activities
  • Various Types: Several types of agricultural loan exist on the basis of end use as well as the repayment tenure
  • Minimal Documentation: Generally, the agricultural loan can be availed with simple and minimal documentation
  • Collateral Optional: Both secured and unsecured agricultural loans are offered on the basis of loan quantum and applicant profile

Agricultural Loan Interest Rate

The following table summarizes the interest rate of agricultural loans as well as Kisan Credit Card as offered by some leading lenders:

Banks/NBFCs Interest Rates(p.a.)
Bajaj Finance 10% - 31% p.a.
Axis Bank 9.99% onwards
IndusInd Bank 10.49% onwards
IDFC FIRST Bank 10.99% onwards
HDFC Bank 9.99% onwards
ICICI Bank 10.60% onwards
Kotak Mahindra Bank 10.99% onwards
Tata Capital 11.99% onwards
Federal Bank 12.00% onwards
DMI Finance Up to 24%
L&T Finance 11.00% onwards
Kreditbee 12.00% - 28.25%
MoneyTap 13.00% onwards
Piramal Finance 11.99% onwards
Aditya Birla 10.99% onwards
Moneyview 14%-36%
Cashe 33.50% onwards

Types of Agriculture Loan

Following are the major types of agricultural loans offered by various banks and other lenders in India.

On The Basis of Loan Tenure

  • Crop Loan/ Kisan Credit Card (Retail Agri Loan): Kisan Credit Card/ Kisan Card is an ideal agriculture loan option to meet short-term credit requirements, such as expenses resulting from the cultivation of crops, post-harvest activities, maintenance of farm equipment, etc. The card is generally available in the form of an electronic RuPay Card, which the farmers can use to draw money from ATMs to make the required purchase. Thus, it provides convenient credit to meet your daily farm requirements.
    Read More:
    What is a Kisan credit card, and who are eligible for it?
  • Agriculture Term Loan: This refers to the long-term loans of up to 48 months offered by various lenders to meet agricultural expenditures that are generally not seasonal in nature. The loan amount can be used to purchase new machinery or upgrade existing ones, install solar power, windmills, etc. Banks generally allow repayment tenure of 3 to 4 years for this loan, so that you can pay back the borrowed amount back in monthly/bi-annual/yearly installments as per the borrower’s convenience.

On The Basis of End Use

  • Farm Mechanization Loan: This loan can be used to purchase new machinery, repair/ replace old ones, purchase tractors or harvesters, or any other agricultural equipment. While some banks provide a general-purpose loan, others have categorized these loans into different types based on the end-use. For example, the State Bank of India offers tractor loans, combine harvester loans, and loans for irrigation equipment.
  • Solar Pump Set Loan: This agricultural loan is offered for the purchase of a photovoltaic pumping system for small irrigation projects. It is generally a long-term loan with a repayment tenure of up to 10 years.
  • Loan for Allied Agricultural Activities: This loan is offered to farmers to meet working capital requirements and long-term investment needs for allied agricultural activities.

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Other Loan Types

  • Horticultural Loan: This agricultural loan is given for the development of the land for setting up orchards or vegetable farms, clearing of undergrowth or wild trees, minor irrigation activities, setting up boundary walls/fencing, and other horticultural reasons.
  • Agricultural Gold Loan: This loan is provided to farmers against the pledge of gold ornaments. It may be offered for crop cultivation as well as for other agricultural purposes. This loan features relatively low-interest rates and helps farmers unlock the value of their gold jewellery that is usually lying idle in the house or bank locker.
  • Forestry Loan: This agricultural loan is given for raising crops that grow on trees. Like horticulture loans, it can be given to clear the undergrowth or wild trees, turn barren land into cultivable land, prepare land by setting up irrigation channels, and so on.

NOTE: Borrowers should keep in mind that each bank offers different agricultural loans for varied needs. These products differ on criteria such as eligibility, margins, collateral, interest rates, tenure, etc. Hence, we advise you to contact the specific lender to know more about the loan product.

Eligibility Criteria

  • Age Criteria: Min. 18 years and Max. 65 years
  • Should have access to cultivate land
  • Indian Citizen with no criminal record
  • Should not have defaulted on any previous loan

Documents Required to Apply for the Loan

Following is the list of documents required by most of the lenders for an agricultural loan:

  • 2 Passport sized photographs
  • Duly Filled Application form
  • Kisan Credit Card
  • Identity Proof: Voter ID, PAN card, Aadhar Card, Ration card, etc.
  • Address Proof: Utility Bills (Electricity/Water Bills), Voter ID, Aadhar Card, etc.
  • Income Proof: Bank Statement, ITR, etc.

Providers of Agricultural Loan

Following are some of the major providers of agricultural loan in India:

Name of the Lender Major Types of Agricultural Loans Offered
State Bank of India (SBI)
  • Crop Loan
  • Kisan Credit Card (KCC)
  • Drip Irrigation Loan
  • Combine Harvestor Loan
ICICI Bank
  • Farmer Finance / Agriculture Loan/ Krishi Loan
  • Long Term Agricultural Loan
Central Bank of India
  • Cent Kisan Tatkal Scheme
  • Cent Vermicompost Scheme
  • Cent Solar Water Heater Scheme
  • Kisan Credit Card
Union Bank
  • Crop Loan
  • Kisan Credit Card
  • Farm Mechanization Loan
Axis Bank
  • Kisan Power
  • Kisan Matsya
  • Kisan Mitra
  • AGPRO Power
National Bank or Agriculture and Rural Development (NABARD)
  • Agriclinic and Agribusiness Centres Scheme
  • National Livestock Mission
  • New Agricultural Marketing Infrastructure

Benefits of Agricultural Loan

  • Available with minimal documentation.
  • Special Interest rates starting at 7.00% p.a. Maybe lower for specified Government-backed schemes
  • You can repay the loan over flexible repayment tenure.
  • Some lenders also offer the unsecured agricultural loans, depending on the applicant’s profile and the quantum of loan applied for.
  • You can use the agricultural loan amount for a variety of agricultural purposes, ranging from short-term seasonal farm activities to long-term investment in farm machinery.
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What our customers say

Get My Personal loan disbursed

I would like to give a huge shoutout to Munni Nayak from Paisabazaar for her incredible support in helping me get my personal loan disbursed within just a few days. She was extremely cooperative throughout the entire process and demonstrated great knowledge by explaining every step in detail with patience and clarity. I truly appreciate her dedication, professionalism, and the smooth experience she provided. Thank you so much, Munni, for all your help and support!

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Preeti BhattMay 16, 2026

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026
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Anubhuti Agrawal profile
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Anubhuti Agrawal
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Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

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