Introduction
Agri-businesses need regular capital to buy raw materials, handle transport, and warehouse. Due to their seasonal nature, quick fund processing is essential. HDFC Bank's MyBusiness provides Rural/Agri Loans with attractive interest rates and flexible repayment terms.
Key Features
The key features of Business Loans for Agriculture are:
- Tailored repayment schedules to match the income patterns of rural borrowers, ensuring ease of repayment.
- Complimentary personal accident insurance coverage ranging from ₹2 lakh to ₹10 lakh.
- Affordable interest rates are designed to be accessible for rural and agricultural businesses.
- Various loan types to cater to different needs.
- Streamlined application and approval processes to ensure timely disbursal of funds, which is crucial for seasonal agri businesses.
- Loan amounts tailored to the specific needs and scale of the borrower’s operations.
- Financing available for a wide range of agricultural and rural activities, such as crop cultivation, animal husbandry, and farm equipment purchase.
- Expert advice and customer support tailored to the needs of rural and agricultural borrowers.
How to Apply
Visit our website and follow these steps to apply for agricultural finance: SME -> Borrow -> Loan for Specific Industry/Segments -> Rural Loans. Click on ‘Know More’ and pick your preferred product.
Frequently Asked Questions
The maximum funding available under the Farm Business Loan varies with the type of Rural Business Loan you are applying for. For example, by applying for a Tractor Loan you can get funding up to 90% of the Tractor's cost.
To apply for a Rural Small Business Loan, visit our website and take the following steps: SME-> Borrow-> Loan for Specific Industry/Segments-> Rural Loans. Next, click on ‘Know More’ and choose your preferred product.
The three Agricultural Business Loans offered by HDFC Bank under this category are:
Retail Agri Loan Kisan Gold Card
Tractor Loan
KGC Shaurya