The offers that appear on this site are from companies that compensate us. Our goal is to help you make smarter financial decisions by providing you with interactive tools and financial calculators, publishing original and objective content, by enabling you to conduct research and compare information for free - so that you can make financial decisions with confidence.īankrate has partnerships with issuers including, but not limited to, American Express, Bank of America, Capital One, Chase, Citi and Discover. The value of this pledged piece of land is the maximum loan amount available to the applicant.We are an independent, advertising-supported comparison service. Mostly loan providers decide loan amount on the basis of the size of the land mortgaged. ![]() How is the maximum loan amount calculated? Over and above the processing fee, following additional charges may be applicable on the loan. What are the different additional charges applicable on Loan Against Agricultural Land? However, if there are multiple owners of the land, it is mandatory to include them all as co-applicants. Is it mandatory to have a co-applicant for availing Loan Against Agricultural Land?Ī co-applicant for a Loan Against Agricultural Land is generally not required. The farmer/borrower can withdraw the amount in installments as and when required. Compare and apply for a home loan that suits your requirements.Ĭheck Also: Loan Against Land or Plot/Land Loan FAQs Now, few eligible loan options will appear. Enter your personal and loan-related details.Fill out the required field and agree to the given terms & conditions.Go to Loan Against Property section at com.Land documents (registration, taxes paid, utility bills, etc.)Ĭlick To Check Detailed Loan Against Property Documents List How to Apply for Loan Against Agricultural LandĬustomers can apply online for Mortgage Loan Against Agricultural Land through by simply following the below-mentioned steps.The table below shows the list of documents required to avail Loan Against Agricultural Land. Over and above this, there are several other factors like an applicant’s income, liabilities, assets owned, etc., which are evaluated by the provider to determine the eligibility of a customer.Ĭheck Also: Loan Against Property Eligibility Calculator Loan Against Agricultural Land Documents Required Progressive, literate and illiterate farmers, dairy owners, horticulturists who are owners, cultivators or tenants with recorded occupancy rights Here are some of the pre-requisites to be eligible to apply for a Mortgage Loan Against Agricultural Land. BankĬheck Also: List of Housing Finance Companies from Top Providers Loan Against Agricultural Land Eligi bility Criteria Note: You can connect with your preferred provider to check availability of Loan Against Agricultural Land. Loan Against Agricultural Land Interest Rates & Processing ChargesĪs the availability of Loan Against Agricultural Land is rare, with only a few of the providers, refer to the table below to check the interest rates for Loan Against Property offered by the leading providers. lower interest rate as compared to a personal loan.Available to farmers, dairy owners, horticulturists and orchard owners.Mentioned below are some of the features and benefits of availing a Loan Against Agricultural Land. How to Apply for Loan Against Agricultural Landįeatures and Benefits of Loan Against Agricultural Land. ![]() The widely-known term used for such a product is Loan Against Property. Note: Loan Against Agricultural Land is provided by only a few of the providers as most of the banks and HFCs only accept residential and commercial properties. To manage personal needs such as marriage, medical treatment, education, etc.To bear expenses related to cultivation of crops, equipment purchase.To meet the production, investment and consumption needs. ![]() This loan can be used by a farmer/borrower for various purposes like: The maximum loan amount available is generally equivalent to the price of the land mortgaged. Loan Against Agricultural Land is a type of mortgage loan offered against a piece of land owned by the farmer/borrower.
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