Axis Bank Loans For Rural Godowns Loan
Purpose of Loans For Rural Godowns Loan
The Loans for Rural Godowns are provided for construction as well as renovation and expansion of godowns. The Loans for Godowns help farmers store produce safely, in both rural and semi-urban areas.
Eligibility for Loans For Rural Godowns Loan
Following eligibility criterion is required for availing Loans For Rural Godowns Loan from Axis Bank:
- Age of the applicant should be between 18 and 70 years.
- Applicant should own an agricultural land
Documents Required for Loans For Rural Godowns Loan
Following basic documents are required for getting Loans For Rural Godowns Loan from Axis Bank:
- Valid Identity Proof (any one): Voter ID Card, Aadhaar Card, Ration Card, PAN Card, Passport, Driving License
- Valid Address Proof (any one): Lease deed, Rent Agreement, Passport, Driving License, Ration Card, Utility bill (not more than 3 months old), Bank Statement
- Land ownership/cultivation proof as specified by the lender
- Any other documents as mandated by the lender
Features and Benefits of Loans For Rural Godowns Loan
- Attractive Interest Rates
- No hidden charges
- Easy and Convenient Loan
- Non-mortgage loans are also available
Interest Rate for Loans For Rural Godowns Loan
8.75% to 18%
Disclaimer: Agriculture Loan interest rates keep on changing. You are advised to check the interest rates with banks before making any decision. Source: Bank Websites
Processing Fees of Loans For Rural Godowns Loan
0.75 % + Applicable taxes
Other Fees & Charges for Loans For Rural Godowns Loan
- Documentation charges: Rs 1500 to 7500
- Dishonour of cheque charges: Rs. 500/- per instance
- Penal Interest: 6 % per annum on the outstanding amount of Fund-Based credit facilities
- Account Service Charges: Upto Rs. 4000/- per annum
- Stamp Duty & other statutory charges: As per actuals; to be borne by the Borrower/ Security Provider
- Valuation charges: At actuals
Repayment Tenure of Loans For Rural Godowns Loan
- Documentation charges: Rs 1500 to 7500
- Dishonour of cheque charges: Rs. 500/- per instance
- Penal Interest: 6 % per annum on the outstanding amount of Fund-Based credit facilities
- Account Service Charges: Upto Rs. 4000/- per annum
- Stamp Duty & other statutory charges: As per actuals; to be borne by the Borrower/ Security Provider
- Valuation charges: At actuals
Other Important Points related to Loans For Rural Godowns Loan
- Documentation charges: Rs 1500 to 7500
- Dishonour of cheque charges: Rs. 500/- per instance
- Penal Interest: 6 % per annum on the outstanding amount of Fund-Based credit facilities
- Account Service Charges: Upto Rs. 4000/- per annum
- Stamp Duty & other statutory charges: As per actuals; to be borne by the Borrower/ Security Provider
- Valuation charges: At actuals
Why Select Axis Bank Loans For Rural Godowns Loan?
- Dedicated customer support & service
- Wide network of branches across India
- Multiple loan repayment options
- Attractive & competitive interest rates
- Project assessment capability is available
How to Apply for Axis Bank Loans For Rural Godowns Loan?
There are following steps through which you can apply for Loans For Rural Godowns Loan and avail it easily:
(1) Visiting nearest branch of Axis Bank
You can search for and visit your nearest branch of Axis Bank .
(2) Meet the Authorised Official
Meet the official authorised for handling agriculture loan related matters in order to get the advice on your eligibility, documents required, interest rate and can take their help in the loan application process.
(3) Obtain Loan Application Form
Obtain the loan application form from the branch.
(4) Fill up Loan Application Form
Fill up the form properly. Mention the details required in the form. Fill up the form in "Capital Letters". In case of any query in filling up the form, discuss with the official.
(5) Attach Required Documents
Attach a copy of the required documents such as Valid Identity Proof, Valid Address Proof, Land ownership/cultivation proof, etc. with the loan application form.
(6) Submit Loan Application Form along with Required Documents
Submit the loan application form along with required documents to the branch and ask for its acknowledgement.
(7) Processing of Loan Application
After you submit the loan application along with required documents, Axis Bank will verify your application.
(8) Approval of Loan
If all the things are found correct, your loan application will be approved by Axis Bank and you will be informed about the same.
(9) Disbursement of Loan
The loan amount will be credited to your bank account soon after the approval.