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The HDFC Retail Agri Loans is an initiative for the bank to provide finance to the farmers of the country. The farmers have the ability to now get finance to meet their agricultural needs. They have introduced cards like Kisan Card / Kisan Gold Card. With this loan the sanction and disbursal of the loan is quick and easy, the documentation involved is also extremely simple and also the bank provides you with service at your doorstep.
The HDFC Retail Agri Loans with the use of the Kisan Card / Kisan Gold Card, will allow you to cover expenses of crop productions, domestic consumption, post-harvest expenses, and equipment related expenses.
Any farmer who owns agricultural land in his name, who is farming on this land and generating crops. They will be eligible for this Kisan Card / Kisan Gold Card.
The loan will be available to finance all aspects of a farmer’s needs for agricultural development.
For the loan amounts you can get Rs. 2 lakhs of personal accident insurance, since this will be a card facility with an upper limit of Rs. 15, 000.
The average rate of interest offered for the applicant in the time period of July 2015 - September 2015, will be minimum rate being 9.45% with a maximum rate of 15.85%. The accounts will be exclusive only for accounts under government scheme.
Documents required will be as per the bank’s requirement.
The charges available are:Supervision charges will be in the range Rs. 500 - Rs. 2, 000. Processing Fees of Rs. 250 and also 1% at the time of enhancement. Foreclosure charges up to 4%. Service tax and other government levies, as applicable, would be charged additionally.
Application process for this loan is very simple, all you need to do is fill in a loan application form with supporting documents and submit it to the nearest HDFC Bank branch. You can also apply for this loan via the HDFC Bank website by submitting an online application form with a few mandatory details.
Online application is available for the HDFC Retail Agri Loan, all you need to do is login to the HDFC Bank website by submitting an online application form with a few mandatory details.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
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