Sow the seeds of progress with
our Crop Financing !
our Crop Financing !
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Facilities Offered under KPC Crop Loan
Cash Credit - To meet cost of cultivation and post-harvest expenses, including general consumption and farm asset maintenance needs of the farmer.
Overdraft – To fulfil additional credit requirement of progressive farmers for carrying out High-tech agricultural practices, marketing arrangements, other consumption needs, Farm and Family exigencies.
Term Loan - For investment purpose like farm improvement & development, purchase of farm implement, Irrigation equipment etc.
Features & Benefits of KPC Crop Loan
Flexible repayment tenure from 1 year to 5 years
No hidden charges
Hassle-free application process
Minimal documentation
Attractive interest rates
Eligibility Criteria
Age: 18 - 75 (Legal heir as Co-applicant is Mandatory if age >60)
Primary Security: Hypothecation of crop & assets created out of bank finance
Landholdings: Minimum 0.5 acres of irrigated land
Collateral: Mortgage of agricultural land/Non Agri. Property/Urban Property/Liquid security
Documents Required
Loan Application Form
Copy of Govt. land rate of agriculture land
KYC of Applicants/Co Applicants
Latest updated passbook/bank statement
Copy of Land Records
Interest Rates
| Overdraft | 14.99% p.a. |
| Cash Credit | 16.99% p.a. |
| Term Loan | 17.99% p.a. |
FAQs
KPC Crop Loan is a type loan offered to farmers to grow their crop farming. There are three facilities available - Overdraft, Term Loan and Cash Credit.
You will need the loan application form, an updated copy of the passbook or bank statement, KYC details, a copy of land records, and a copy of the government land rate of the agricultural land.
KPC Crop Loan offers hassle-free loans at attractive interest rates and flexible repayment tenure. Select from Overdraft, Term Loan and Cash Credit facilities, apply and uplift your crop farming business.
The Cash Credit facility can be availed to meet cost of cultivation and post-harvest expenses; whereas the Overdraft facility is meant for fulfilling additional credit requirement of progressive farmers for carrying out High-tech agricultural practices, marketing arrangements, other consumption needs.
Likewise, the Term Loan can be used for investment purpose like farm improvement & development, purchase of farm implement, Irrigation equipment etc.
You should have a minimum of 0.5 acres of irrigated land to be eligible to avail of KPC Crop Loan.