1. Bank provides Loan against Agricultural land upto 70% of the rateable value of the land.
2. IF the land documents are in proper order, THEN the bank grants loan in about 15 odd days.
Hello Krishna, I have two agricultural lands ( 36 decimal and 25 decimal ) in East Medinipure district that I would like to mortgage for loan . Possible to get loan ? What would be the amount ? How much time it takes to process the loan? Regards Arun
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1. Bank provides Loan against Agricultural land upto 70% of the rateable value of the land.
2. IF the land documents are in proper order, THEN the bank grants loan in about 15 odd days.
You can avail agricultural loan
2) following documents are required
3) As per RBI directive, crop loans till an amount of Rs. 1 lakh require no security. Loans over Rs. 1 lakh may require security as per the lending banks terms and conditions
Visit your nearest branch and get an agriculture loan
Loan Against Agricultural Land is specially designed for people who cultivate crops like farmers, planters, or Horticulturists. It cannot be availed by a businessman or a professional
Most banks offer loans based on the size of the land pledged. They usually mention the minimum acres of land a farmer should have to apply for a loan.
See the loan is possible, same is as per the agriculture land value and circle rate if you are mortgaging same or scheme you opt.
Processing time depends upon bank to bank it can take 2 weeks.
I have two agricultural lands ( 36 decimal and 25 decimal ) in East Medinipure district that I would like to mortgage for loan . Possible to get loan ? What would be the amount ? How much time it takes to process the loan?
No bar in mortgaging agriculture land but on default by you, bank had no authority to proceed against land, hence bank may not give loan. Is this land using for agriculture purpose only or not
You can get loan against agricultural land
2) the amount of loan you are eligible bank would inform you
3) it should not take more than a month to process your loan application
1. Bank provides Loan against Agricultural land upto 70% of the rateable value of the land.
2. IF the land documents are in proper order, THEN the bank grants loan in about 15 odd days.
Hi,
You are suggested to contact the bank officials of loan department who will after assessment if value of land, may approve the loan and you may get the loan accordingly.
1) You can contact district cooperative bank. They provide the loans against agricultural lands which crops you're going to grow in your field.
Dear client
It is possible to get the mortgage loan if your CIBIL RECORD is clear.
The loan amount will depend on the value of land in that area it can be between 60 to 80% of the land value depends on the bank policy.
Only bank can tell The time for sanction of loan.
Let me also clear some more point This is Loan against Agricultural Land , not loan for cultivating the loan. Is CIBIL score is important for this loan?
Giving loan is the discretion of bank or financial institution and if the title of the property is clear the creditor at tits discretion can decided whether provide you with financial assistance or not. There is no statutory force behind this.
2. Many banks or financial institutions on equitable mortgage or making mortgage deed in respect of your security in the form of your immovable assets can give you loan.
3. SO you will have to approach the bank or financial institutions than us to get a fancier for your need.
As agricultural land is exempted from attachment it is difficult to get loan from the same. Banks are reluctant to do so.
A agricultural land is pledged as a collateral. The borrower should have clear titles to the land to be eligible to apply for a Loan Against Agricultural Land.