How can I get an Agriculture Loan from IndusInd Bank?

As the name suggests, an agriculture loan is availed by farmers for various agricultural activities such as the cost of cultivation and pre - post-harvest expenses.

One of the best agriculture loans available to farmers today is Indus Kisan from IndusInd Bank. A unique agri-funding product, Indus Kisan is designed to fulfil the short-term and long-term credit requirements of farmers working in the agricultural and other allied sectors through a single window system.

Here's everything you need to know about agricultural loans from IndusInd Bank.

Benefits of Agriculture Loan Indus Kisan

IndusInd Bank's agriculture loan comes with the following benefits:

1. Attractive rates of interest

2. Smooth process with quick approvals and disbursement of funds

3. Bundled savings bank account for all customers

4. Transparent procedure with zero hidden charges

5. A flexible repayment cycle designed based on the crop harvest cycle

6. Loan tenure ranges Up to 5 years

7. Issuance of RuPay Debit Cardand Internet banking facility for ensuring a smooth, convenient and hassle-free banking experience

8. Facility of availing Health and Life Insurance policy

9. Facility of free Cash withdrawal and deposit at all IndusInd Bank branches

10. Facility of Crop Insurance under PMFBY scheme.

11. KCC Interest Subvention scheme loan available. Availability of Investment Loans for long-term investment needs

Categories of Loans under Indus Kisan

Indus Kisan agriculture loans cover various categories, including overdraft, cash credit and term loans (CC & TL). These are as follows:

Name & Type of Loan

1. Production Loan / Crop Loan (CC)

2. Investment Loan (TL)

3. Overdraft Loan (OD)

4. Agri Allied OD

5. Hi-Tech Agriculture (OD)

6. Investment Agriculture loan (TL)

7. Crop Loan (CC) - Interest Subvention Scheme - Fixed rate

Application Process & Eligibility Criteria

You may avail of the Indus Kisan Facility at select branches of IndusInd Bank located in Maharashtra, Gujarat, Madhya Pradesh, Chhattisgarh, Punjab, Haryana, Rajasthan and Kerala. Alternatively, you could apply for an agriculture loan online.

The eligibility criteria for obtaining an agriculture loan from IndusInd Bank are as follows:

1. The borrower/applicant must be an Indian national resident, a farmer aged between 18-70 years

2. The applicant must necessarily be engaged in agriculture or agro-allied activities

3. Neither the borrower(s) nor guarantor should have been reported as a ‘Defaulter' by the CIBIL report/RBI Defaulter List

By meeting their credit needs in a timely fashion, Indus Kisan agriculture loans are tailored to help agriculturalists. If you are a farmer in need of credit for your farming requirements, apply for an agriculture loan online or visit your nearest IndusInd Bank branch today!