Hdfc Bank Kisan Gold Card Loan
Purpose of Kisan Gold Card Loan
Kisan Gold Card is finance to farmers for specified sum of money, towards his farm requirements like production of crop, post-harvest, repair & maintenance and consumption need of the farmer. Funding is also done for purchase of farm machinery, implements, irrigation equipment and construction of storage structures etc.
Eligibility for Kisan Gold Card Loan
Individual farmer/ Joint borrower. All major applicant up to age of 60 years, above 60 years legal heir is mandatory
Documents Required for Kisan Gold Card Loan
- Application Form
- KYC of Borrower/Co-borrower/Guarantor
- Copy of Land records
- Copy of Govt. land rate of agriculture land
- Latest updated passbook/bank statement
Features and Benefits of Kisan Gold Card Loan
Quick Processing
After you submit the loan application along with required documents, Hdfc Bank will verify your application. If all the things are found correct, your loan application will be approved by the bank and you will be informed about the same. The loan amount will be released soon after the approval.
Minimal Documentation
For applying for agriculture loan, applicants are required to submit very limited documentation such as an identity proof, address proof, photograph, land ownership proof, etc. These documents are very easily available with the applicants. They need to enclosed the same with the loan application form.
Attractive Interest Rate
Hdfc Bank offers Kisan Gold Card Loan at very attractive and competitive interest rate starting from 8.80% p.a. Being the interest rate on lower side, the overall cost of your loan will also be lower.
Interest Rate for Kisan Gold Card Loan
7.25% to 16.00%
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 Kisan Gold Card Loan
2% for regular KGC & Rs 2500 for KGC Saral
Other Fees & Charges for Kisan Gold Card Loan
- Supervision Charges: Rs 750 to Rs 3000
- Processing Fee: 2% for regular KGC & Rs 2500 for KGC Saral
- Foreclosure Charges: 4% for KGC Cash Credit availed for more than 1 year
- Late Payment Penalty: 2% p.m. on overdue amount for KGC Term Loan and 1.33% p.m. on overdue amount for KGC Cash Credit
- Stamp Duty & other statutory charges: At actuals as per applicable laws of the State
- Legal, valuation and vetting charges: At actuals
- Cheque Bounce Charges: Rs 550
Repayment Tenure of Kisan Gold Card Loan
- Supervision Charges: Rs 750 to Rs 3000
- Processing Fee: 2% for regular KGC & Rs 2500 for KGC Saral
- Foreclosure Charges: 4% for KGC Cash Credit availed for more than 1 year
- Late Payment Penalty: 2% p.m. on overdue amount for KGC Term Loan and 1.33% p.m. on overdue amount for KGC Cash Credit
- Stamp Duty & other statutory charges: At actuals as per applicable laws of the State
- Legal, valuation and vetting charges: At actuals
- Cheque Bounce Charges: Rs 550
Other Important Points related to Kisan Gold Card Loan
- Supervision Charges: Rs 750 to Rs 3000
- Processing Fee: 2% for regular KGC & Rs 2500 for KGC Saral
- Foreclosure Charges: 4% for KGC Cash Credit availed for more than 1 year
- Late Payment Penalty: 2% p.m. on overdue amount for KGC Term Loan and 1.33% p.m. on overdue amount for KGC Cash Credit
- Stamp Duty & other statutory charges: At actuals as per applicable laws of the State
- Legal, valuation and vetting charges: At actuals
- Cheque Bounce Charges: Rs 550
Why Select Hdfc Bank Kisan Gold Card 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 Hdfc Bank Kisan Gold Card Loan?
There are following steps through which you can apply for Kisan Gold Card Loan and avail it easily:
(1) Visiting nearest branch of Hdfc Bank
You can search for and visit your nearest branch of Hdfc 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, Hdfc Bank will verify your application.
(8) Approval of Loan
If all the things are found correct, your loan application will be approved by Hdfc 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.