Overview of Agricultural Loan in Faridabad
Agricultural loans in Faridabad provide financial support to farmers and agribusinesses for crop production, equipment purchase, or land development. In 2025, banks and NBFCs in Faridabad offer tailored agricultural loans with subsidized interest rates under government schemes. Loanpao helps you compare lenders, check eligibility, and apply seamlessly for an agricultural loan in Faridabad.
Eligibility Criteria for Agricultural Loan in Faridabad
| Criteria | Details |
|---|---|
| Applicant Type | Individual farmers, farmer groups, or agribusinesses in Faridabad |
| Residency | Must be a resident of Faridabad or own agricultural land in Faridabad |
| Land Ownership | Proof of agricultural land ownership or lease agreement |
| Age | 21 to 65 years |
| Credit Score | 600 or above (not mandatory for subsidized schemes) |
Documents Required for Agricultural Loan in Faridabad
- Identity Proof: Aadhaar Card, PAN Card, Voter ID, or Passport.
- Address Proof: Utility bill, Aadhaar, or Rental Agreement (Faridabad address).
- Land Documents: Land ownership papers, lease agreement, or 7/12 extract.
- Income Proof: Crop yield records, bank statements (last 6 months).
- Photographs: 2 passport-sized photographs of the applicant.
- Loan Purpose: Proposal for crop cultivation, equipment, or land development.
- Kisan Credit Card: If applicable, KCC details.
Benefits of Agricultural Loan in Faridabad
- Subsidized interest rates starting at 4% per annum in 2025 (under schemes).
- Loan amounts up to ₹50 lakh, depending on land size and purpose.
- Flexible repayment aligned with crop cycles (up to 5 years).
- Access to government schemes like PM-Kisan or KCC in Faridabad.
- Quick disbursal within 7-15 days with Loanpao’s support in Faridabad.
Factors Affecting Agricultural Loan in Faridabad
Land Size
Larger land holdings support higher loan amounts.
Crop Type
High-value crops may secure better terms.
Government Schemes
Eligibility for schemes like PM-Kisan reduces interest rates.
Repayment Capacity
Stable income from farming enhances approval chances.
How to Apply for an Agricultural Loan in Faridabad
Follow these steps to apply for an agricultural loan in Faridabad through Loanpao:
- Visit loanpao.in and select "Agricultural Loan in Faridabad."
- Complete the online application form with personal and land details.
- Upload required documents (Aadhaar, land papers, income proof).
- Schedule a field verification visit in Faridabad.
- Get approval within 7-15 days.
Loan Eligibility for Agricultural Loan in Faridabad
Check your eligibility for an agricultural loan in Faridabad with Loanpao’s eligibility tool:
- Enter personal details (age, residency).
- Provide land details (size, ownership, location in Faridabad).
- Include income details (crop yield, other sources).
Loanpao will assess your eligibility instantly and guide you through the application process in Faridabad.
Check Eligibility NowTrack Your Agricultural Loan Application in Faridabad
Loanpao offers a seamless tracker for your agricultural loan application:
- Submit your application ID on the Loanpao Tracker page.
- Monitor real-time updates (e.g., under review, field verification, approved).
- Receive notifications for verification visits in Faridabad.
- Contact Loanpao support for assistance with delays in Faridabad.
Agricultural Loan Comparison in Faridabad
Compare popular agricultural loan options available in Faridabad:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI Agri Loan | 4% p.a. (subsidized) | Up to ₹50 lakh | Up to 5 years | 0.5% of loan amount |
| HDFC Agri Loan | 7% p.a. | Up to ₹30 lakh | Up to 4 years | ₹5,000 flat |
| NABARD Linked Loan | 4.5% p.a. | Up to ₹40 lakh | Up to 5 years | 0.75% of loan amount |
Frequently Asked Questions
Farmers, farmer groups, or agribusinesses with land in Faridabad can apply.
Interest rates start at 4% per annum under government schemes, varying by lender.
Approval typically takes 7-15 days, including field verification.
Yes, proof of land ownership or a lease agreement is required.
The maximum tenure can extend up to 5 years, aligned with crop cycles.
Yes, Loanpao offers an online application process with field verification in Faridabad.
It can be used for crop cultivation, equipment purchase, irrigation, or land development.
The maximum loan amount can go up to ₹50 lakh, depending on land size and lender.
Yes, schemes like PM-Kisan and Kisan Credit Card offer subsidized rates.
Yes, most lenders allow prepayment with no charges, especially under government schemes.