-
Notifications
You must be signed in to change notification settings - Fork 0
/
hdfc.txt
395 lines (315 loc) · 15.1 KB
/
hdfc.txt
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177
178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222
223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240
241
242
243
244
245
246
247
248
249
250
251
252
253
254
255
256
257
258
259
260
261
262
263
264
265
266
267
268
269
270
271
272
273
274
275
276
277
278
279
280
281
282
283
284
285
286
287
288
289
290
291
292
293
294
295
296
297
298
299
300
301
302
303
304
305
306
307
308
309
310
311
312
313
314
315
316
317
318
319
320
321
322
323
324
325
326
327
328
329
330
331
332
333
334
335
336
337
338
339
340
341
342
343
344
345
346
347
348
349
350
351
352
353
354
355
356
357
358
359
360
361
362
363
364
365
366
367
368
369
370
371
372
373
374
375
376
377
378
379
380
381
382
383
384
385
386
387
388
389
390
391
392
393
394
395
HDFC
Paisabazaar
Credit Cards
Personal Loan
Other Loans
Home Loan
Business Loan
Personal Loan Balance Transfer
Home Loan Balance Transfer
Loan Against Property
Resources
EMI Calculator
Personal Loan EMI Calculator
Home Loan EMI Calculator
Business Loan EMI Calculator
All About
Aadhar Card
PAN Card
Public Provident Fund
Employees Provident Fund
Post Office Schemes
Others
Check CIBIL Score FREE
IFSC Code
Banking
GST Calculator
Get Free Credit Score
Sign In
HDFC Bank Agriculture Loan
Home Personal Loan HDFC Bank Agricultural Loan
illustration
Unlock Best Personal Loan Offers From 30+ Lenders
Bank will contact you on this Number
Mobile Number
(0/10)
Employment Type
Salaried
Self Employed
By submitting this form, you have read and agree to the Credit Report Terms of Use, Terms of Use & Privacy Policy
Apply Now
loading
Check Best Personal Loan Offers with Quick Disbursal
Minimal Documentation
No Collateral
Instant Disbursal
Apply Now!
Language iconहिंदी में पढ़े
Updated: 28-02-2022 19:06:23 PM
HDFC Bank offers a wide range of agricultural loans to meet a variety of financing needs related to agriculture including farming of staple and cash crops, horticulture, dairy farming, food processing as well as transportation and warehousing of agricultural products. Read this article to know key details regarding various types of HDFC Bank agricultural loans.
Table of Contents
Features of HDFC Bank Agricultural Loan
Interest Rates
Types of HDFC Agricultural Loan
Eligibility Criteria
Documents Required for Agricultural Loan Application
EMI Calculation for HDFC Bank Agriculture Loan
Comparison of HDFC Bank Agricultural Loan with Other Lenders
Benefits of HDFC Bank Agricultural Loan
Customer care
Important Aspects
FAQs
Features of HDFC Bank Agricultural Loan
Features of the major agricultural loans offered by HDFC Bank have been discussed in this section.
A. HDFC Kisan Credit Card
Types
Cash Credit/ Over draft: It can be used to meet cost of crop production, repair, maintenance, and post-harvest activities.
Term Loan: It can be used for investment purposes, such as land development, purchase of irrigation equipment or farm implement.
Loan Quantum: Based on land under cultivation, scale of finance and cropping pattern.
Security Requirement
Primary: The crops and assets created using the loan amount.
Collateral: Agricultural land/ liquid security/ urban property.
Repayment Tenure: 5 years
B. HDFC Small Agri Business Loan
Offered to individuals and companies.
Collateral: Residential/ industrial/ commercial property or cash and liquid collateral.
Repayment Tenure: 1 year with annual reversal.
C. HDFC Kisan Shakti Loan
Offered to large farmers with an additional source of income from non-farm activities.
The loan amount can be used for land leveling, fencing, deepening of well and ringing, soil reclamation, repair and replacement of irrigation system or farm machinery/ implement, and domestic consumption needs.
Security Requirements
Primary: The assets created using the loan amount.
Collateral: Agricultural land or urban property or liquid security.
D. HDFC Horticulture Loan
Types
Cash Credit/ Over draft: For cost of crop production, expenses towards consumption, post harvest or repair and maintenance.
Term Loan: For investment purposes, such as purchase of irrigation equipment or farm implement.
Security Requirements
Primary: The corps and assets created out of the loan amount.
Collateral: Liquid security/ agricultural land/ urban property.
Repayment Tenure: 5 years
HDFC Agricultural Loan Interest Rate
The interest rate offered by HDFC Bank on various types of agricultural loans is not fixed, and varies depending on the applicant’s profile and the desired loan parameters. The exact HDFC Bank Agricultural Loan interest rate is communicated to an applicant through the loan agreement provided prior to disbursal.
Also Know: Which bank offers lower interest rates on personal loans in India?
Types of HDFC Agricultural Loan
HDFC Bank offers multiple types of agricultural loans depending on whether you are a farmer, an agricultural businessperson or a trader as well as the purpose for which you need the HDFC agricultural loan.
The following table summarizes the key types of agricultural loans offered by HDFC Bank.
Type of Agricultural Loan Variants of the HDFC Agricultural Loan Brief Description
HDFC Kisan Credit Card Cash Credit/ Overdraft
Term Loan
HDFC Kisan Credit Card under the Government’s Kisan Credit Card (KCC) scheme is offered to farmers for financing a variety of agricultural expenses such as crop production, post-harvest maintenance, purchase of farm equipment, construction of storage structures, etc.
Small Agri Business Loan Working Capital
Term Loan
Working Capital Demand Loan
EPC
Bank Guarantee
It is a secured agricultural loan for agri traders, exporters, food processing firms, etc.
Pledge Loan – Warehousing Receipt N/A This loan allows you to get a loan against the commodities stored in your warehouse.
Kisan Shakti Loan Cash Credit
Over draft
Drop Line Over Draft
Term Loan
It is offered to large farmers, who have an additional source of income from non-farming activities. The loan can used for soil reclamation, leveling, fencing, repairing of irrigation system, etc.
Tractor Loan Secured or unsecured loan for purchase of new/old tractors and farm equipment. Agricultural land can be used as collateral to avail this loan. You can get a loan up to 90% of the tractor’s cost with a repayment tenure up to 7 years.
Horticulture Loan Cash Credit/ Over draft
Term Loan
Farmers can avail this loan for activities related to setting up or maintaining a nursery, orchard, green house, etc.
Allied Activities Loan N/A This loan can be used for allied agricultural activities, such as poultry, dairy, fisheries, etc.
Eligibility Criteria for HDFC Bank Agricultural Loan
Loan Type Eligibility Criteria
Kisan Card/ Kisan Gold Card You should be a farmer.
You should own an agricultural land and be actively engaged in cultivation of crops.
Small Agri Business Loan Your business should be operational for at least 3 years at the same location, otherwise 5 years.
Your tangible net worth and profit after tax should be positive for at least 2 out of the previous 3 financial years.
Eligibility also depends on other factors like over drawings, credit utilization ratio, number of cheque returns, etc.
Pledge Loan – Warehousing Receipt
You should be a farmer or trader.
You should have been storing produce in warehouse or cold storage.
Kisan Shakti Loan Large farmers with an additional source of income from non-farming activities.
Tractor Loan Applicant must be within the 18 to 60 years age-group.
You should have a minimum annual income of Rs. 1 lakh, if you are a farmer and Rs. 1.5 lakh if you belong to commercial segment.
Horticulture Loan You should be an individual farmer or have a joint borrower.
Applicant must be at least 18 years old and no more than 60 years of age.
Mandatory co-signing of legal heir is required if you are above 60 years old.
Documents Required
For HDFC Kisan Gold Card
Duly filled loan application form.
Government-issued KYC documents of Borrower/Co-borrower/Guarantor;
Copy of Land records;
Copy of Government land rate of agriculture land;
Latest updated passbook/bank statement.
For HDFC Small Agri Business Loan
Loan application form;
KYC Documents, including MOA & AOA/ Partnership Deed/ COI);
Proof of property and income;
Bank account statement for the last 6 months;
Stock and Receivables statement;
Proof of Business Registration Proof;
Repayment track record of any existing loan;
Value of last 6 months’ stock as well as details of debts on letter head.
For HDFC Pledge Loan – Warehousing Receipt
Land Documents.
Proof of Address, which may include voter ID card, telephone bill, electricity bill, Aadhaar card, etc.
Proof of Identity/ Signature, which may include PAN card, voter ID card, driving licence, etc.
For HDFC Tractor Loan
Loan application form;
Latest photograph;
Aadhaar Card (Mandatory);
Proof of Identity and Signature;
Proof of Address;
Proof of Land Ownership.
For HDFC Horticulture Loan
Loan application form;
KYC of borrower/ co-borrower/ guarantor;
Land records;
land rate of agriculture land;
Updated passbook/ bank account statement.
EMI Calculation for HDFC Bank Agriculture Loan
The following table shows the calculated EMI amounts for a HDFC Agricultural Loan based on different loan amounts, interest rates and tenures. You can use Paisabazaar’s personal loan EMI calculator to calculate the specific EMI amount applicable to your HDFC agricultural loan.
Loan Amount (Rs.) and Interest Rate
Monthly EMI Payout (Rs.)
1-year loan tenure 2-year loan tenure 3-year loan tenure 4-year loan tenure 5-year loan tenure
Rs. 4 lakh @ 10% 35,166 18,457 12,906 10,145 8,498
Rs. 5 lakh @ 9% 43,725 22,842 15,899 12,442 10,379
Rs. 7 lakh @12% 62,194 32,951 23,250 18,433 15,571
Comparison of HDFC Bank Agricultural Loan with Other Lenders
The following table compares HDFC Bank Agricultural Loan to similar offerings from other leading banks in India:
Comparison Criteria HDFC Bank
State Bank of India (SBI)
Central Bank of India IndusInd Bank ICICI Bank
Interest Rate Varies on case to case basis 7% onwards 7.5% onwards 9.5% onwards 9.6% onwards
Tenure Up to 7 years
Varies as per the loan type, but generally up to 5 years
Variable, generally up to 7-8 years Up to 5 years Up to 4 years
Loan amount Varies on case to case basis Up to Rs. 50 lakh Up to Rs. 2 crore Varies on case to case basis Varies on case to case basis
Benefits of HDFC Bank Agricultural Loan
Flexible end-use: HDFC Bank offers a variety of agricultural loans as per your unique financing needs. You can avail the loan to meet expenses related to crop production, purchase of farm machinery, managing post-harvest expenses, setting up dairy/poultry farms and even for setting up a nursery.
Minimum Documentation: You can get HDFC Agricultural Loan with minimal documentation which is simple to complete.
Security: You can avail both secured and collateral-free loan depending on the loan type and the desired loan amount.
HDFC Bank Customer Care
Following are the customer care details for HDFC Bank.
Phone Number: You can call on 6160-6161, if you are a resident of Ahmedabad , Bangalore, Chennai, Delhi & NCR, Hyderabad, Kolkata, Mumbai or Pune. While you can call on 6160-616, if you are a resident of Chandigarh, Cochin, Indore, Jaipur or Lucknow.
HDFC Online Help: You can access this facility through the HDFC Bank official website, in case you have a query, complaint or feedback.
Virtual Assistant/ Chatbot, “Eva”: You can also use the HDFC Bank chatbot to get an answer to your queries. You can access Eva by visiting the bank website.
Visit Bank Branch: Alternatively, you can visit the nearest HDFC Bank branch in person to get a resolution to your queries.
Important Aspects to Consider While Applying for an Agricultural Loan
You should keep the following points in mind while applying for an agricultural loan:
Ensure that you meet all the applicable eligibility criteria before applying for an agricultural loan.
You should have all the required documents handy for the specific loan type offered by HDFC bank.
Maintain a good repayment history to have a high credit score.
Keep a balance between the quantum of secured and unsecured loans availed by you.
Do not use a large proportion of the total credit available to you. This will keep your credit utilization ratio remains low, ideally below 30% which will improve your chances of getting your loan sanctioned.
Frequently Asked Questions (FAQs)
Q1. What are the various types of agricultural loans offered by HDFC Bank?
Ans. The various types of agricultural loans offered by HDFC Bank are:
Kisan Credit Card Loan
Small Agri Business Loan
Pledge Loan – Warehousing Receipt
Kisan Shakti Loan
Tractor Loan
Horticulture Loan
Allied Activities Loan
Q2. What is the interest rate on HDFC Agriculture Loan?
Ans. The interest rate on HDFC Bank Agriculture Loan is not fixed and depends on applicant’s profile and the desired loan parameters. The details decided on a case by case basis are communicated through the loan agreement.
Q3. Who can apply for HDFC Kisan Credit Card?
Ans. Farmers, who own an agricultural land and actively cultivate crops can apply for HDFC Kisan Credit Card.
Q4. What is the repayment tenure for HDFC Tractor Loan?
Ans. The repayment tenure for HDFC Tractor Loan can go up to 7 years.
Q5. Do I need to pledge collateral to avail HDFC Kisan Shakti Loan?
Ans. Yes, you need to pledge security to avail HDFC Kisan Shakti Loan.
Q6. What is the customer care email address of HDFC Bank?
Ans. The customer care email address for HDFC Bank is [email protected].
Q7. How can I calculate EMIs for my agricultural loan?
Ans. You can use the Paisabazaar EMI Calculator to calculate the EMIs for your agricultural loan.
Q8. How can I find the nearest HDFC Bank branch?
Ans. You can use branch locator on the HDFC Bank website to find the nearest branch of the bank easily.
Personal Loan Pages
Personal Loan
Personal Loan Interest Rate
Best Personal Loan in India
Personal Loan Eligibility
Personal Loan Documents Required
Personal Loan Status
Personal Loan EMI Calculator
Personal Loan Balance Transfer
Personal Loan For Salaried Employees
Personal Loan by Banks & NBFCs
HDFC Personal Loan
SBI Personal Loan
Axis Bank Personal Loan
ICICI Personal Loan
Bajaj Finserv Personal Loan
Tata Capital Personal Loan
Yes Bank Personal Loan
Home Credit Personal Loan
Canara Bank Personal Loan
Kotak Mahindra Bank Personal Loan
Indusind Bank Personal Loan
PNB Personal Loan
Bank Of Baroda Personal Loan
IDBI Personal Loan
Dhani Personal Loan
Indian Bank Personal Loan
Federal Bank Personal Loan
Standard Chartered Personal Loan
SMFG India Credit Personal Loan
Bank Of India Personal Loan
Muthoot Finance Personal Loan
RBL Bank Personal Loan
HSBC Personal Loan
UCO Bank Personal Loan
Union Bank Of India Personal Loan
Central Bank Of India Personal Loan
Bank of Maharashtra Personal Loan
Cashe Personal Loan
Moneytap Personal Loan
IDFC First Bank Personal Loan
Kreditbee Personal Loan
Moneyview Personal Loan
Early Salary Personal Loan
Aditya Birla Personal Loan
DMI Finance Personal Loan
Shriram Finance Personal Loan
Navi Personal Loan
BFIL Personal Loan
KSFE Personal Loan
Personal Loan By Amount
Personal Loan of Rs. 50000
Personal Loan of Rs. 1 Lakh
Personal Loan of Rs. 3 Lakh
Personal Loan of Rs. 5 Lakh
Personal Loan of Rs. 10 Lakh
Personal Loan Articles
How to Transfer Personal Loan from One Bank to Another
How Lenders Decide Personal Loan Eligibility?
What are My Chances of Getting Personal Loan Approval
How Do Lenders Decide Personal Loan Amount
How to Track the Status of your Personal Loan Application?
MOST SEARCHED LINKS
OUR INVESTORS
paisabazaar.com
PAISABAZAAR
About
Careers
Contact
GROUP BRANDS
Policybazaar.com
Quickfixcars.com
Policybazaar.ae
Docprime.com
Download App
google-play
app-store
Investors Privacy Policy Terms of Use Disclaimer Intellectual Policy Sitemap
facebook
linkedin
twitter
youtube
instagram
Supported Payment Methods
Secured By
Certified By
CIN No. U74900HR2011PTC044581 © Copyright 2014-2023 Paisabazaar.com. All Rights Reserved.
india-flag
Built with Love
Made in India