Introduction to Slashed Agricultural Loan Rates
In 2025, agricultural loan rates have been reduced to support farmers across India. Loanpao brings you the latest updates and benefits as of 11:41 PM IST, July 03, 2025, to help you secure affordable financing for your farming needs.
Current Loan Rates
Updated rates for agricultural loans in 2025:
| Loan Type | Previous Rate | New Rate |
|---|---|---|
| Crop Loan | 7.5% | 6.0% |
| Equipment Loan | 8.0% | 6.5% |
| Dairy Loan | 7.8% | 6.2% |
Note: Rates vary by lender and region; check with Loanpao for exact figures.
Benefits of Lower Rates
Advantages for farmers include:
- Reduced EMI: Lower monthly payments.
- Increased Savings: More funds for farm investments.
- Government Support: Subsidies enhance savings.
- Access to Technology: Affordable financing for modern equipment.
- Improved Yield: Better financial planning boosts productivity.
Eligibility Criteria
Qualify for these loans with:
- Farm Ownership: Proof of agricultural land.
- Income Proof: Evidence of farming income.
- Credit Score: Minimum score of 650.
- Government Schemes: Enrollment in schemes like PM-KISAN.
- Documentation: KYC and land records.
How to Apply
Steps to secure a loan:
- Visit Loanpao: Explore options on our website.
- Submit Documents: Upload required paperwork.
- Get Approval: Fast approval within 48 hours.
- Fund Disbursal: Funds credited to your account.
- Support: Contact Loanpao for assistance.
Frequently Asked Questions
Farmers with valid land ownership and good credit can apply.
Savings can range from 1-2% annually on loan interest.
Yes, under government schemes like PM-KISAN.