Santa Claus comes around just once a year. In the meantime, there are Credit Cards.
Indian Overseas Bank (IOB) has introduced the New Kisan Credit Card with the aim of providing timely and adequate credit support to farmers to help them meet their cultivation and other agricultural needs.
| Category | Details |
|---|---|
| Loan amount | Will depend on the lender |
| Repayment Tenure | Up to 5 years subject to renewal every year |
| Margin |
|
| Interest Rate |
|
| Security | Hypothecation of crops and other similar assets |
| Issuance of card | Rupay Kisan Credit Card will be issued to all the credit card holders |
The features of IOB New Kisan Credit Card are given below:
Given below are the eligibility criteria one will have fulfil to avail the IOB New Kisan Credit Card:
You can visit the nearest IOB branch along with all the necessary documents to apply for an IOB Kisan Credit Card.
In case you have any queries, you can call 1800 890 4445 or 1800 425 4445.
Yes, dairy farm owners can also apply for IOB Kisan Credit Card.
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