Icici Bank Agri Term Loan Loan

Purpose of Agri Term Loan Loan

Long term Loan for agriculture & allied activities. Term loans to buy cattle or agriculture equipment as a part of the Agricultural Term Loan

Eligibility for Agri Term Loan Loan

Following eligibility criterion is required for availing Agri Term Loan Loan from Icici Bank:

• Age of the applicant should be between 18 and 70 years.
• Applicant should own an agricultural land

Documents Required for Agri Term Loan Loan

1. Simplified application form
2. KYC Documents
3. Land Documents
4. Post Dated Cheques
5. Any other document, as per sanction condition

Features and Benefits of Agri Term Loan Loan

• Fast Processing of Loan
• Simplified Documentation
• Easy Availability of Loan
• Flexible loan repayment options based on your income

Interest Rate for Agri Term Loan Loan

8.50% 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 Agri Term Loan Loan

Up to 2% of sanction limit at the time of disbursement

Other Fees & Charges for Agri Term Loan Loan

1. Foreclosure Charges: Nil
2. Late Payment Penalty: 2% per month on overdue amount
3. Valuation Fees: Rs. 2000 per case
4. Stamp Duty and other statutory charges: At actuals as per applicable laws of the State

Repayment Tenure of Agri Term Loan Loan

1. Foreclosure Charges: Nil
2. Late Payment Penalty: 2% per month on overdue amount
3. Valuation Fees: Rs. 2000 per case
4. Stamp Duty and other statutory charges: At actuals as per applicable laws of the State

Other Important Points related to Agri Term Loan Loan

1. Foreclosure Charges: Nil
2. Late Payment Penalty: 2% per month on overdue amount
3. Valuation Fees: Rs. 2000 per case
4. Stamp Duty and other statutory charges: At actuals as per applicable laws of the State

Why Select Icici Bank Agri Term Loan 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 Icici Bank Agri Term Loan Loan?

There are following steps through which you can apply for Agri Term Loan Loan and avail it easily:

(1) Visiting nearest branch of Icici Bank

You can search for and visit your nearest branch of Icici 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, Icici Bank will verify your application.

(8) Approval of Loan

If all the things are found correct, your loan application will be approved by Icici 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.