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  • Agriculture Loan Interest rates is Rated as "Great!" by 44669 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

    • Citibank Personal Loan
      "Overall good"
      0.5 4.0/5 "Great!"
      I had no issues to get the personal loan with Citibank. The process was fine and I got the loan as needed. The customer support and response is fine as well as they contacted me on time. I am not sure on the rate of interest and processing charges.
      Was this review helpful? 3
      , new delhi
      Reviewed on Dec 07, 2018
    • Early Salary Personal Loan
      "Qucik Process"
      0.5 4.0/5 "Great!"
      The response is good even the loan was disbursed on time. I am very satisfied with the Early salary and the interest rate is good and enough. I took 10K with Early Salary and they have charged around Rs. 600 and I will pay the loan within one month.
      Was this review helpful? 1
      , ahmedabad
      Reviewed on Dec 07, 2018
    • Axis Bank Personal Loan
      "Its Average"
      0.5 5.0/5 "Blown Away!"
      In Axis bank the interest rate is high comparatively but its very easy to approach. I have been kept follow up with Axis but they taken some time process the personal loan application. I think they are charging some fee for per closuring the loan.
      Was this review helpful? 4
      , salem
      Reviewed on Dec 07, 2018
    • ICICI Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using with the personal loan from the ICICI BANK from past four years, there service is too good, they have charged me nominal rate of interest in this loan and even processing fee they have charged me was nominal ,the loan amount they have given me was sufficient.
      Was this review helpful? 2
      , hyderabad
      Reviewed on Dec 07, 2018
    • IndusInd Bank Personal Loan
      "Interest rate should be reduced"
      0.5 4.0/5 "Great!"
      The response is very good for the loan amount they have gave me 14%, the loan amount approval is good. The processing fee is there for the amount Rs. 5 lakhs, the process is easy. Everything is good expect the interest rate it would be great if they reduce.
      Was this review helpful? 3
      , mumbai
      Reviewed on Dec 07, 2018
    • Kotak Personal Loan
      "Not user friendly loan"
      0.5 3.0/5 "Satisfactory"
      Got my personal loan 2.5 years ago. I have received the loan amount of 4.5 lakhs and they have provided me a interest rate of 17% which is quite high. Processing fee also high. I have paid the EMI of Rs. 12000 and i have selected the tenure period of 5 years. There is no partial payment and pre-closure facility available.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 07, 2018
    • ICICI Bank Personal Loan
      "Not recommendable bank"
      0.5 4.0/5 "Great!"
      Bought my personal loan 2.5 years back. I have received the loan amount of Rs. 1.50 lakhs. They have given me a interest rate of 15% for this reason i have done a balance transfer to some other bank. I have paid the EMI of Rs. 5000 for the tenure period of 3 years. I have received the loan on time and the documentation process is quite easy.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 07, 2018
    • IndusInd Bank Personal Loan
      "Not recommendable bank"
      0.5 5.0/5 "Blown Away!"
      I have purchased the loan 1.5 year back. They have offered me a interest rate of 11.28% and I'm happy about the interest rate. I have applied the amount of Rs. 7.8 lakhs and i have received the same. I got the loan on time. I pay the loan amount of Rs. 170000 approximately and i have chosen the tenure period of 5 years. They should inform the partial payment facility to the customer.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 07, 2018
    • Tata capital Personal Loan
      "Process should be simple"
      0.5 4.0/5 "Great!"
      The experience was average, because they were multiple call for the same request. I uploaded the documents then again collected physical documents again they came for signature. Finally they taken 15 days to sanction the loan and I felt the interest is higher.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 07, 2018
    • Early Salary Personal Loan
      "Good service"
      0.5 5.0/5 "Blown Away!"
      I took a Personal Loan from the EARLY SALARY , there are so much hidden charges they charge 3000 rs without my knowledge . The loan application process took few days . The loan amount was credited to my account with in no time. The interest rates are also nominal when compared to other banks in the market.
      Was this review helpful? 1
      , mumbai
      Reviewed on Dec 07, 2018
    • review Personal Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      I have taken personal loan through BAJAJ , the customer service sis good and i did not face any issue at the time of documentation time . There are no hidden charges with this bank and tenure period is 48months . Loan amount is up to the mark. Rate of interest is high .
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 07, 2018
    • IIFL Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have taken personal loan through INDIA INFOLINE , they provide rate of interest is high compare to others in the market . There is no hidden charges taken with this bank .I use to pay EMI on time. The tenure period is 48 month . The processing fee is nominal . Preclosere option is there .
      Was this review helpful? 0
      , mumbai
      Reviewed on Dec 07, 2018
    • HDFC Bank Personal Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      I had chosen to go with them since i was having my Salary account through them. The process in getting this loan has been simple and smooth, the loan amount has been satisfied and the interest rate with them has been nominal as well. There has been some processing fee which they had charged which has been nominal.
      Was this review helpful? 0
      , gurgaon
      Reviewed on Dec 07, 2018
    • YES Bank Personal Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      The experience i had with this loan has been good, where the loan amount which they had provided has been sufficient. The interest rate with them has been nominal when compared with the market rate. There has not been any sort of additional charges which they had made and there has not been any hassle faced with them so far.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 07, 2018
    • Bank Bazaar Personal Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      It has been a good experience i had with the services of Bank Bazaar and there has not been any hassle faced with the services of them. I had been using it for checking my credit scores and also to check the different interest rates of loan. I had been using their mobile application of them which has been easy and their customer support has also been responsive as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 07, 2018
    • Tata capital Personal Loan
      "Should have provided a better service"
      0.5 2.5/5 "Just OK"
      I had chosen to go to with them since the interest rate with them has been less when compared with the market rate. But i am not happy with the process in getting the loan where it had taken almost one month. I had several times tried in contacting them but there has not been a proper response from their end.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 07, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The experience with this loan has been god but the interest rate with them has been high when compared with the market rate. The charges whcih they had made as well as the processing fee with them has been high. It was around 1% of the total amount which is pretty high.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2018
    • ICICI Bank Personal Loan
      "Very Good Service"
      0.5 5.0/5 "Blown Away!"
      I had chosen to go with them since my salary account was with them and the interest rate which they where offering was the best in the market. The process in getting this loan has been smooth and swift and the loan amount which they had provided has been sufficient. The processing fee was nominal and the interest rate was around 10.99%.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 07, 2018
    • HDFC Bank Personal Loan
      "Good service"
      0.5 4.0/5 "Great!"
      The experience i had with this loan has been good and the loan amount which they had provided has been sufficient as well. The interest rate with them has been a little high when compared with the market rate. There has not been any sort of charges which they had been there but there has been some processing fee.
      Was this review helpful? 1
      , bangalore
      Reviewed on Dec 07, 2018
    • IndusInd Bank Personal Loan
      "Very Good Service"
      0.5 4.5/5 "Excellent!"
      I had chosen to go with them since there has not been any processing fee with them. The process in getting this loan has been quite good and the loan amount has been sufficient, the interest rate with them has been nominal but it could have been a little more less.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 07, 2018
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