Icici Bank Retail Agri Loan Kisan Credit Card Loan

Purpose of Retail Agri Loan Kisan Credit Card Loan

Kisan Credit Card (KCC) is a specially designed credit card for farmers. This card gives you the facility of a hassle free and convenient credit to meet your day to day farming requirements.

Eligibility for Retail Agri Loan Kisan Credit Card Loan

1. Applicant should be in the age group of 18-70 years
2. Owns a piece of agricultural land

Documents Required for Retail Agri Loan Kisan Credit Card 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 Retail Agri Loan Kisan Credit Card Loan

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

Interest Rate for Retail Agri Loan Kisan Credit Card Loan

9% to 13.60%
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 Retail Agri Loan Kisan Credit Card Loan

1. Up to 2% of initial sanction at the time of disbursement and renewal
2. Up to 0.50% of the sanction limit at the time of review with enhancement or upto 0.25% of the sanction limit at the time of review without enhancement of the account

Other Fees & Charges for Retail Agri Loan Kisan Credit Card Loan

1. Foreclosure Charges: 4% on sanction limit for account closed before limit expiry date
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 Retail Agri Loan Kisan Credit Card Loan

1. Foreclosure Charges: 4% on sanction limit for account closed before limit expiry date
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 Retail Agri Loan Kisan Credit Card Loan

1. Foreclosure Charges: 4% on sanction limit for account closed before limit expiry date
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 Retail Agri Loan Kisan Credit 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 Icici Bank Retail Agri Loan Kisan Credit Card Loan?

There are following steps through which you can apply for Retail Agri Loan Kisan Credit Card 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.