Agriculture Loan

Agricultural help farmers run their farms more efficiently. It can be difficult to keep up with all of the costs associated with running a farm, so farmers need low interest agricultural to help them stay afloat. Agricultural are available for a multitude of farming purposes.

Farmers may apply for to buy inputs for the cultivation of food grain crops as well as for horticulture, aquaculture, animal husbandry, floriculture , sericulture businesses ,purchase of agricultural machinery such as tractors, harvesters and trucks.

Construction of biogas plants and irrigation systems as well as the purchase of agricultural land may also be financed through special types of agricultural finance. .. Agricultural loans are availed by a farmer to fund seasonal agricultural operations or related activities like animal farming, pisci- culture or purchase of land or agricultural tools. This type of loan also helps buying inputs such as fertilizers, seeds, insecticides etc.

 What are the types of agriculture loans available:

Retail Agri Loan – Kisan Credit Card / Kisan Card. Kisan Credit Card (KCC) is a specially designed credit card for farmers. Long term Loan for agriculture & allied activities (Agri Term Loan) our minimum loan amount for our farm loan programs is $200,000.00.

Basic qualifications under both the full time farm loan program and the part time farm loan program.  Please take a moment to verify you can meet these qualifications.

Farm Loan Requirements

Minimum Credit Score: 660 (at least one of the three major bureaus)
Minimum Loan Amount: $200,000.00
Minimum acreage (unless permanent planting operation): 5 acres
Location: Property can be anywhere within the United States
Income: Must have sufficient income to service all debts (personal and business)
Assets: The sum of all assets owned (including household furniture) must be double what your accumulated debts equal, post purchase – – 60% debt-to-asset ratio
Purchase: Must have a down payment of at least 25% or additional farm land to use as collateral
Refinance: Must have at least 25% equity in your property