Multiple banks. Different interest rates. Call it a "conflict of interest".
  • Agriculture Loan Interest rates is Rated as "Great!" by 41853 Users

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    Agriculture Loan Interest rates

    These are loans meant for a wide range of agricultural and farming purposes are available to citizens of India. Farmers are supposed to apply for loans to buy supplies for the cultivation of food grain crops along with other purposes such as horticulture, animal husbandry, aquaculture, and floriculture and sericulture businesses. As well as farmers can also avail special loans to finance the purchase of agricultural machinery including tractors, harvesters and trucks. Others purchases for which agricultural loans can be taken include construction of biogas plants and irrigation systems along with agricultural land through special types of agricultural finance. Loan rates for agriculture are however based on several factors.

    Why Are Agriculture Loans Important

    As on 2015, agriculture is still the principal source of livelihood for more than half the population of India or are related to agriculture as most of the Indian rural side is still dependent on agriculture as a profession. This is also because this industry provides the maximum amount of wage goods required by non-agriculture sectors and most of the raw materials for the industries sector. The Central Government, State Governments and the farming community have succeeded in achieving record production of 244.78 million tonnes of food grains during 2010-11 but it may still not be enough for the community to enhance their standard of living. There is an immense requirement of financial aid necessary for agriculture in India.

    Types of Agriculture Loans

    There are various banks around the country that aid farmers across their designated regions when it comes to agriculture finance, available in exclusive government recognised banks to maintain maximum transparency in loan handling as well as to ensure that farmers do not have to deal with paying extra for taking loans from a repetitive bank.

    State Bank Agriculture Loans

    The bank has the largest network in the country, with a branch functioning with all facilities in the most rural parts of the country. These schemes include Crop Loans, Produce Marketing Loan Scheme, Loan Against Warehouse Receipts, Kisan Credit Card Scheme, agricultural term loans, Land Development Scheme, Farm Mechanisation Scheme, Financing Of Combine Harvesters, Minor Irrigation Scheme, Kisan Gold Card Scheme, Land Purchase Scheme, Dairy Plus Scheme, Krishi Plus Scheme, Arthias Plus Scheme, Broiler Plus Scheme, Finance To Horticulture, Lead Bank Scheme and Agri Business Heads Scheme. The Bank also provides Microfinance through Self Help Groups along with loans through 30 regional rural banks.

    Nationalised Bank Agriculture Loans

    Nationalised banks that provide agricultural loans include Punjab National Bank, Union Bank of India, UCO Bank, Vijaya Bank, United Bank of India, Syndicate Bank, Oriental Bank of Commerce, Dena Bank, Allahabad Bank, Andhra Bank, Bank of Baroda and Indian Bank only to name a few. In fact most nationalised banks have facilities for farmers to make the most of low Agriculture Loan interest rates.

    Co Operative Agricultural Bank Agriculture Loans/ NABARD

    Is responsible for refinance disbursement to commercial banks, State cooperative banks, State cooperatives, rural development banks, Regional Rural Banks (RRBs) and other eligible financial institutions. It also sanctions money through its Rural Infrastructure Development Fund for projects covering irrigation, rural roads and bridges, health and education, soil conservation and drinking water schemes. NABARD also offers a Kisan Credit Card Scheme and crop loans under the Rashtriya Krishi Bima Yojana.

    Agriculture Loan Interest Rates

    Agriculture loan rates, generally start from 8% and above but they come with special waivers as well as benefits which may reduce the agricultural interest rates to the bare minimum. Also there are variety of payment options that are often flexible and spread a long tenure for a comfortable loan repayment.

    Agriculture Loan Interest rates Reviews

    • Tata capital Personal Loan
      "Average service"
      0.5 3.5/5 "Pretty good"
      I have applied for Tata capital for an personal loan .Their was clear misunderstanding between the bank, like i have applied for 2,50,000 as an personal loan and they thought i am asking for an top up so they have given me just 1,50,000 ,and 1,00,000 they took as closure of that loan, and the rate of interest they have charged me 10.99% which was nominal,and even processing fee they have charged me was nominal, and the loan was on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2019
    • IDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan with IDFC bank from last 5 years, the loan amount was for Rs 6 lacs with tenure period of 5 years. Customer service was good and they collected documents on time. The rate of interest was nominal when compared to other banks.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2019
    • Citibank Personal Loan
      "Instead of top up they can provide new loan"
      0.5 4.0/5 "Great!"
      CITI bank personal loan have only top up facility. The interest rates were fair and the processing fee was 1% which is good. They have sanctioned the loan within few hours. I have not faced any issues in this loan. Total tenure period of the loan is 14 months.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2019
    • HDFC Bank Personal Loan
      "Reduce the interest rate"
      0.5 5.0/5 "Blown Away!"
      HDFC interest rates are more compared to other bank but we can able to get the loan in seconds by using their app. The service has been fantastic. They have offered me a rate of interest which is 11% but they have increased upto 17% which is showing in the app and they are providing the loan without any documents.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2019
    • RBL Bank Personal Loan
      "Friend in need"
      0.5 5.0/5 "Blown Away!"
      RBL personal loan services are fantastic. The loan is getting over in few months. They have sanctioned the loan immediately and they have given me loan amount of my credit limit. Total tenure period of the loan is 12 months. Interest rates are fine and processing fee was 2% which is too high. I never had any issue with them.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 16, 2019
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and my experience was good, the loan amount was sufficient and the rate of interest was nominal when compared to other banks. Customer service was good and they responded on time. Tenure period for this loan is 5 years and i preclosed the loan in 3 years with nominal preclosure charges.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 15, 2019
    • review Personal Loan
      "Not satisfied with the service "
      0.5 1.0/5 "Really Bad"
      Based on my previous experience with Bajaj for consumer loan based on that i have taken personal loan where they given some high rate of interest than what they promised for. They have high charges for the processing and documentation . Overall am not happy with their financial service.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2019
    • ICICI Bank Personal Loan
      "Best financial Service"
      0.5 5.0/5 "Blown Away!"
      I have taken personal loan from Icici bank . Am satisfied with the rate of interest which they have provided . There is processing fees for the loan which is nominal one and its been refunded . I make the payments through Ecs every month . They gave the tenure period of 2 years . They did quick documentation and received the loan.
      Was this review helpful? 1
      , chennai
      Reviewed on Feb 15, 2019
    • HDFC Bank Personal Loan
      "Best financial Service "
      0.5 5.0/5 "Blown Away!"
      I Have taken personal loan from the Hdfc bank , they have given good rate of interest which is satisfactory . There is nominal charges for the processing for approval and documentation . Am satisfied with the customer service as they have explained the terms and condition for the loan .
      Was this review helpful? 1
      , chennai
      Reviewed on Feb 15, 2019
    • HDFC Bank Personal Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      It was a very good experience i had with this loan where the process in getting this loan was quite simple. The loan amount was sufficient and the interest rate with them has been nominal as well. There has not been any sort of additional charges which they had made so far. Overall it had been a very good experience.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2019
    • Fullerton Personal Loan
      "Interest should come down"
      0.5 2.0/5 "Expected more"
      Fullerton gave me the 28% of interest rate duration for the amount of five years, the loan amount was around Rs. 2.11 lakhs, the process was easy, concern about the interest, they should reduce the percentage as per the market. But the customer satisfactory is not good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Feb 15, 2019
    • ICICI Bank Personal Loan
      "Nice experience"
      0.5 5.0/5 "Blown Away!"
      I have taken a personal loan from ICICI Bank and the process to get the loan is good and smooth. The customer services and response is good and the documentation process is satisfactory too. The after loan services are good and the interest rate and charges is fine too.
      Was this review helpful? 0
      , new delhi
      Reviewed on Feb 15, 2019
    • HDFC Bank Personal Loan
      "Quick and Hassle free loan experience"
      0.5 5.0/5 "Blown Away!"
      Being a customer I got the attractive interest rate of 10.5% on my personal loan, I took the loan of Rs. 20 lakhs for the tenure period of Rs. 5 lakhs, I went to the bank I approached for the loan products on time they sanctioned within a day I got the money.
      Was this review helpful? 0
      , lucknow
      Reviewed on Feb 15, 2019
    • HDFC Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It was a very good experience i had with the services of them where the process in getting this loan was very quick and simple. The loan amount was sufficient and the interest rate with them has been nominal as well. There has been foreclosure charges with them, their customer support has been helpful at times.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2019
    • HDFC Bank Personal Loan
      "Good Loan service"
      0.5 5.0/5 "Blown Away!"
      There is no particular reason for choosing the HDFC but i have received a message stating that its a pre-approved loan. They have offered me a interest rate of 17% which I'm not satisfied with it. I paid the processing fee of Rs. 3000 and they have sanctioned the loan on time. Since i related with HDFC, i have not submitted any documents except ID proof.
      Was this review helpful? 1
      , chennai
      Reviewed on Feb 15, 2019
    • Axis Bank Personal Loan
      "Interest rate should be economic"
      0.5 3.0/5 "Satisfactory"
      Axis interest is huge compared to other banks its around 17 to 18% for the tenure period of the 5 years, they do have part payment and foreclosure but its a non chargeable, I would say its a best part of Axis bank. The customer care is good and helpful.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2019
    • HDFC Bank Personal Loan
      "Hassle free loan transfer"
      0.5 4.0/5 "Great!"
      In HDFC there is a processing fee for the balance transfer of SBI personal loan, the customer support is good they done the process on time. The interest is high, but compared to SBI its reasonable, the paper work was very good and hassle free.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2019
    • SBI Personal Loan
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      In SBI interest rate is high for the personal loan the documentation process was absolutely fine they sanctioned it on time, I have taken the loan amount for 5 years and I done balance transfer to other bank there is no charges and any other fee.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 15, 2019
    • Bajaj Finserv Personal Loan
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I took a personal loan in Bajaj Finserv. As being an existing and esteemed customer so they have provided me a pre approved loan. The documentation procedure is simple. The interest rate is okay and there was a processing fee which was minimum.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 15, 2019
    • Bajaj Finserv Personal Loan
      "Interest should be reduce for the Personal loan"
      0.5 4.0/5 "Great!"
      I have one loan with Bajaj Finserv, I believe the interest rate is higher side, I have taken the loan before 18 months, the loan process was quick but only concern about the interest. I took the amount of Rs. 2.88 lakhs for the tenure for 36 months, Rs.11,912 is my emi.
      Was this review helpful? 0
      , bangalore
      Reviewed on Feb 15, 2019
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