- 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

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Features of Agriculture Loan
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
On The Basis of End Use
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Other Loan Types
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
Documents Required to Apply for the Loan
Following is the list of documents required by most of the lenders for an agricultural loan:
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) |
|
| ICICI Bank |
|
| Central Bank of India |
|
| Union Bank |
|
| Axis Bank |
|
| National Bank or Agriculture and Rural Development (NABARD) |
|
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Personal Loan Articles
View All ArticlesPaisabazaar 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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