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  • Agriculture Loan Interest rates is Rated as "Great!" by 42722 Users

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    rated 4.0/5.0 by 42722 users

    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

    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.5/5 "Excellent!"
      It was a good experience with HDFC bank for personal loan, the loan amount was for Rs 4 lakhs with nominal interest rate in the market. The process was smooth and it took 10 days to receive the loan amount. Customer service was good and they followed up on time. The tenure period for this loan is 2 years.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 17, 2018
    • Standard Chartered Bank Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      It was an average experience with Standard Chartered Bank for personal loan, the process was quite long and it took 20-25 days to complete. Documents were collected on time and the customer service was good. The loan amount was for Rs 6 lakhs for 5 years with high interest rate.
      Was this review helpful? 1
      , mumbai
      Reviewed on Aug 17, 2018
    • Tata capital Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan application approved with TATA CAPITAL and the experience was good, the loan amount was for Rs 2 lakhs with the tenure period of 3 years and the rate of interest is nominal when compared to other banks. Customer service was good and they responded on time.
      Was this review helpful? 2
      , chennai
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      I have my personal loan application approved with HDFC bank and the experience was good, the loan amount was for Rs 3 lakhs with the tenure period of 4 years and the rate of interest is nominal when compared to other banks. Customer service was good and they responded on time.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Aug 17, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was very good with ICICI bank for personal loan,, the process took more than 15 days to complete. The loan amount was for Rs 1 lac with nominal interest rate. Customer service was good and they followed up on time. The tenure period for this loan is 3 years.
      Was this review helpful? 1
      , hyderabad
      Reviewed on Aug 17, 2018
    • Kotak Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      It was a good experience with Kotak Mahindra bank for personal loan, the loan amount was for Rs 3 lakhs with nominal interest rate in the market. The process was quite long and it took 15 days to receive the loan amount. Customer service was good and they followed up on time.
      Was this review helpful? 1
      , kolkata
      Reviewed on Aug 17, 2018
    • Axis Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with AXIS bank and my loan experience was good, the loan amount was for Rs 4 lakhs with nominal interest rate when compared to other banks. The tenure period for this loan is 4 years and there are no preclosure charges.
      Was this review helpful? 1
      , bangalore
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Need to follow up on time"
      0.5 3.5/5 "Pretty good"
      It was a fine experience with HDFC bank for personal loan, the rate of interest of 11.29% was nominal when compared to other banks. Customer service was average and the follow up was not that great. The process was quick and i received my loan amount on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • Cashe Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with CashE for personal loan, the process was quick and i received the loan amount immediately after the documents were approved. Customer service was good and they responded on time. The rate of interest and charges are nominal when compared to others.
      Was this review helpful? 1
      , ghaziabad
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and the loan experience was good. The loan amount was for Rs 1.25 lakhs with nominal interest rate with the tenure period of 3 years. There are no preclosure charges and the customer service was very good with HDFC bank.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • Early Salary Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      It was a good experience with Early salary for personal loan, i have taken the loan for Rs 10000 for the tenure period of 20 days. The rate of interest and charges were nominal when compared to others. Customer service was good and they responded on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • Cashe Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved with CashE and the experience was good, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good and they collected documents on time.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2018
    • Early Salary Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience was very good with Early Salary for personal loan, the process took 2- 3 days to complete. Customer service was very good and they responded on time. Documents were collected on time and the interest rate and charges are nominal when compared to others.
      Was this review helpful? 1
      , noida
      Reviewed on Aug 17, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan application was approved with ICICI bank, the process was smooth and i received my loan amount within 10 days. The loan amount was for Rs 70000 for 2 years with nominal interest rate. Customer service was good and they followed up on time.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • Early Salary Personal Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience was very good with Early salary, the process was smooth and i received the loan amount immediately. Repayment of this loan is very quick and easy. Customer service was very good and they responded on time. The rate of interest and charges are nominal in Early salary.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 17, 2018
    • Cashe Personal Loan
      "Not satisfied"
      0.5 1.0/5 "Really Bad"
      My experience was not good with CashE for personal loan, the process was lengthy and it took 4 days to receive the loan. I have taken the loan for Rs 5000 for 30 days with nominal interest rate and charges. Customer service and response was not up to the mark with CashE.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 17, 2018
    • Cashe Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      My personal loan application was approved with CashE and the experience was good, the process was quick and i received my loan amount on time. Documents were collected on time and the customer service was good. Interest rate and charges are nominal when compared to others.
      Was this review helpful? 0
      , new delhi
      Reviewed on Aug 17, 2018
    • Early Salary Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I have my loan application approved with Early salary and the experience was good, the loan amount was for Rs 8000 but i requested for Rs 10000. The process was quick and i received the loan amount on time. The tenure period for this loan is 30 days. Interest rate and charges are nominal.
      Was this review helpful? 0
      , chennai
      Reviewed on Aug 17, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan application was approved with ICICI bank and the experience was good, the loan amount was for Rs 7 lakhs with high interest rate when compared to other banks. They charged Rs 30000 for insurance. Documents were collected on time and the customer service was good. I received my loan within 1week after the application was approved.
      Was this review helpful? 0
      , bangalore
      Reviewed on Aug 17, 2018
    • HDFC Bank Personal Loan
      "Good experience"
      0.5 4.0/5 "Great!"
      I have taken a personal loan with HDFC bank and the loan experience was good, the loan amount was for Rs 2 lakhs with high interest rate when compared to others . They charge 4% as preclosure charges and the tenure period for this loan is for 5 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Aug 17, 2018
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