Multiple banks. Different interest rates. Call it a "conflict of interest".
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    Crop Loan

    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    11.49% - 20% Fixed
    0.25% to 2%
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    Ad
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    Perks
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    Good to Know
    Eligibility Criteria
    Customer Reviews
    12.50% - 19.50% Fixed
    0 One time fee
    25L Max
    1-6 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 18.49% Fixed
    2.5% (min. ₹1149) One time fee
    20L Max
    1-5 Years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 19.8% Fixed
    Up to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 19% Fixed
    0.25% to 2.5% One time fee
    25L Max
    1-5 years
    Response Time Within 30 minutes
    Paperless approval option available
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.99% - 17% Fixed
    0
    30L Max
    1-5 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    11.49% - 20.15% Fixed
    1% to 2%
    15L Max
    1-5 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    Customer Reviews
    13% - 20% Fixed
    Up to 1.5% One time fee
    15L Max
    1-5 years
    Response Time Within 30 minutes
    INSTANT DECISION
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    17.25% - 37% Fixed
    1.5% to 6.0% One time fee
    15L Max
    1-4 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
    Eligibility Criteria
    14.00% - 16.25% Fixed
    1.25% to 1.75% One time fee
    30L Max
    1-5 Years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    15.95% - 18.95% Fixed
    2% One time fee
    20L Max
    1-3 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Fees & Charges
    Good to Know
    Eligibility Criteria
    12.99% - 14.50% Fixed
    0.99% to 2% One time fee
    45L Max
    1-5 years
    Response Time Within 30 minutes
    What you'll love
    Documents
    Perks
    Think about
    Fees & Charges
    Good to Know
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    Customer Reviews
    Personal Loan BYTES FROM OUR KITCHEN

    What is Crop Loan?

    Agriculture is the most important sector in India. But, the farmers face a lot of difficulties with regard to procuring the best seeds to buying the best fertilizer and machinery. To help the farmers and agriculturists with the finances, the lenders are offering crop loans.

    Crop loan is a short term advance that is given to the farmers and agriculturists by banks and co-operative societies. The loan amount can be used to purchase improved seeds, fertilizers, machinery etc. The crop loans are provided as agriculture is a priority sector. The loan is usually repaid in single instalment after the crop production. Crop loan is a Secured Loan and the interest is debit on a half- yearly basis at simple rate of interest. The loans provided by any lenders and co-operative societies can be refinanced by NABARD.

    Steps to get a Secured Loan on Credit

    • Compare all the lenders and the rates that the lender is providing for the crop loans. Look into private sector as well as specified organisations.
    • Based on your initial check, choose certain lenders and make a list so that you know who to approach for different purposes.
    • Run a background checks on the lenders and look into their financial stability and those who have a good customer service.
    • Approach a lender and get a quote and then approach the remaining lenders and try to negotiate the rates.
    • Choose a lender that is understanding of your situation and who is willing to go out of his way to help you.
    • Prepare a document that includes details of your previous performance of the crop that you wish to use as a collateral to avail the loan. You must include information on your asset, current liabilities and other relevant information. Include information that may have negatively impact your crop production as well.
    • Finally submit the application along with the required documents.

    In India, the following banks offer Crop Loans

    • Union Bank of India
    • IDBI Bank
    • State Bank of India
    • ICICI Bank
    • HDFC Bank
    • UCO Bank
    • Axis Bank
    • Allahabad Bank
    • Andhra Bank
    • Bank of Baroda
    • Bank of India
    • Bank of Maharashtra
    • Canara Bank
    • Central Bank of India
    • Corporation Bank
    • Dena Bank
    • Indian Bank
    • Indian Overseas Bank
    • Oriental Bank of Commerce
    • Punjab and Sind Bank
    • Punjab National Bank
    • Syndicate Bank
    • United Bank of India
    • Vijaya Bank

    The following Cooperative Banks offer Crop Loan Schemes

    • National Bank for Agriculture and Rural Development
    • Bihar State Co-operative Bank Limited
    • Haryana State Co-operative Apex Bank Limited
    • National Federation of State Co-operative Banks Limited
    • Odisha State Co-operative Bank Limited
    • Repatriates Co-operative Finance and Development Bank Limited
    • Punjab State Cooperative Agriculture Development Bank Limited
    • Andhra Pradesh State Cooperative Bank Limited

    News About Crop Loan

    • Nagpur division sees disbursal of Rs.2,803 crore crop loan

      The kharif season of this year in Nagpur saw disbursal of crop loan of Rs.2,803.13 in six districts. The loan amount is Rs.509.08 crore higher than last year’s crop loan disbursal in the kharif season. A target of Rs.2,827.39 crore was set by the state government for the division and according to a report from the divisional commissionerate, 99.14% of the target has been achieved. Total of 3,98,446 farmers have obtained crop loan this year. However, the number of farmers who availed the loan is low as 20% of the account holders are considered to be no more or moved to other places.

      22nd September 2016

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