Rajasthan Marudhara Gramin Bank Kisan Gold Card Loan

Purpose of Kisan Gold Card Loan

For purchase of agriculture implements, land development, purchase of bullock and carts etc.

Eligibility for Kisan Gold Card Loan

1. Farmers, irrespective of the extent of land holdings, with excellent repayment record of their KCC and ATL accounts for the past two years as on the date of application will be eligible for this facility.
2. Farmers who have closed their accounts without any default in the last three but are not our current borrowers may be covered.
3. Farmers who have defaulted in repayments but liquidated their entire dues within the stipulated repayment period may also be considered.
4. New borrowers who maintain sizeable deposit with our branches for the last 3 to 4 years.
5. Good borrowers of other banks having good track record of repayment of loan.

Documents Required for Kisan Gold Card Loan

Following basic documents are required for getting Kisan Gold Card Loan from Rajasthan Marudhara Gramin 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 Kisan Gold Card Loan

Quick Processing

After you submit the loan application along with required documents, Rajasthan Marudhara Gramin 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

Rajasthan Marudhara Gramin 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% for limits up to Rs 3 Lakhs & for greater limits, interest rate will be charged as per Banks norms
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

Processing fee is a one-time charge to be paid by the borrower to the bank. It is charged to cover the costs incurred by the lender to process the loan. As it is not deductible from the loan amount, borrower is required to pay it separately while finally applying for loan. You need to contact the nearest branch to know latest processing fee.

Other Fees & Charges for Kisan Gold Card Loan

• Outstation Cheque Charges: N.A.
• Late Payment Penalty: 2% per month on overdue amount
• Charges on Part Disbursement: Nil
• EMI Cycle Change Charges: Rs 500
• Cheque Swapping Charges: Rs 500
• Legal, valuation and vetting charges: At actuals
• Stamp Duty and other statutory charges: At actuals as per applicable laws of the State

Repayment Tenure of Kisan Gold Card Loan

The repayment tenure differs from lender to lender. In case of cash credit, it is usually less than 1 year and for long term loans, it varies from 3 to 9 years. There are various flexible loan repayment options available to repay the loan such as monthly, half yearly and yearly instalments, you can select any of them based on your income and repayment capacity.

Why Select Rajasthan Marudhara Gramin 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 Rajasthan Marudhara Gramin 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 Rajasthan Marudhara Gramin Bank

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

(8) Approval of Loan

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