How much agricultural loan can be availed without any security?
Crop loans upto an amount of Rs. 1 lakh require no security. Loans over Rs. 1 lakh may require security as per the terms and conditions.
How long does Agriwise take to process agriculture loan applications?
The accurate time required to process the application varies based on the terms and conditions. That said, typically it takes around 7 days to process loan applications.
What are the key features/benefits of agricultural loans?
- Simple Documentation
- Competitive Interest Rate
- Quick Processing
- No Hidden Charges
- Loan Repayment Tenure Options
What are the various purposes for which agricultural loans can be availed?
- Purchase of farming machinery and equipment
- Purchase of vehicles
- Purchase of land
- For working capital needs
- Establishment of dairy units
- Horticulture projects
- Establishment of small poultry units
- For seasonal requirements
If someone leases their land to a farm operator and does not work on the property themselves. Are they eligible for an agricultural loan?
Yes, all types of property owners, investors and farmers are eligible for Agriwise’s agricultural loans.
I would like to purchase a farm, but I don’t live in the state the farm is in, can you help?
Yes, since Agriwise is a national lender we are able to provide financing in these circumstances.
What are the interest rates of Agriwise?
Interest rates vary depending on the loan product you choose. Please contact an Agriwise representative to receive current interest rates.
Can female applicants avail a loan for purchasing land?
As per Government policy, landing rights are key to the empowerment of women. Hence, purchase of land by a woman can be financed by Agriwise as an agricultural loan.
What are the documents required for agriculture loans?
- Duly-filled application form
- KYC documents
- Land/asset documents
- Security PDC