HDFC Retail Agri Loans

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.

Features of  HDFC Retail Agri Loans

Purpose

Allows you to cover expenses of crop productions, domestic consumption, post-harvest expenses, and equipment related expenses.

Eligibility Criteria

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.

Types of Financing

The loan will be available to finance all aspects of a farmer's needs for agricultural development.

Maximum Amount

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.

Interest Rate

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%. 

Documents Required

Documents required will be as per the bank's requirement.

How to Apply

All you need to do is fill in a loan application form with supporting documents and submit it to the nearest HDFC Bank branch.

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