Uttarakhand Gramin Bank Agriculture Cash Credit Loan

Purpose of Agriculture Cash Credit Loan

Hassle free and adequate credit for crop production, horticulture, plantation crops, farm mechanization land development, irrigation projects,forestry,construction of cold storage and for allied activities like poultry, goatery, pigging, sheep rearing, etc

Eligibility for Agriculture Cash Credit Loan

Farmers having own land/Share Croppers/Oral Lessee/Tenant Farmers. The applicant should be aged between 18 years and 70 years

Documents Required for Agriculture Cash Credit Loan

  • Proof of Address & Identity
  • Photographs
  • Proof of Land holding (Max 3 months Old)
  • No Dues Certificate & Affidavit

Features and Benefits of Agriculture Cash Credit Loan

  • Attractive Interest rate
  • Low Margin
  • Easy Repayment upto 7 years
  • Low processing charges
  • Hassle free documentation
  • Low Margin
  • No Penal interest
  • Low Processing charges

Interest Rate for Agriculture Cash Credit Loan

The interest rate on Agriculture Cash Credit Loanranges from 8.00% to 12.50%. These rates also differ from lender to lender. Some of other significant factors in determination of interest rate are value of agriculture land owned by the applicant, income of the applicant, repayment capacity, type of loan applied for and past credit history of the applicant.

Interest rate, prevailing from time to time, will be applicable for the loans financed under the scheme. As the interest rates are subject to change. Hence, you should visit the nearest branch to know latest Interest Rates.

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 Agriculture Cash Credit Loan

0.30% + GST of the loan amount; minimum Rs.1500 + GST and Maximum Rs 10 Lakhs + GST

Other Fees & Charges for Agriculture Cash Credit 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 Agriculture Cash Credit 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 Uttarakhand Gramin Bank Agriculture Cash Credit 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 Uttarakhand Gramin Bank Agriculture Cash Credit Loan?

There are following steps through which you can apply for Agriculture Cash Credit Loan and avail it easily:

(1) Visiting nearest branch of Uttarakhand Gramin Bank

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

(8) Approval of Loan

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