Overview of Agricultural Loan in Hodal
Hodal, a key agricultural hub in Haryana’s Palwal district, offers agricultural loans to support farmers and agribusinesses with crop production, equipment purchase, or land development. In 2025, agricultural loans in Hodal provide financing with interest rates starting at 7% p.a., loan amounts up to ₹1 crore (based on land value and project needs), and tenures up to 15 years. Lenders like SBI, Punjab National Bank, and NABARD-supported schemes like Kisan Credit Card offer tailored solutions through Loanpao, with disbursal within 7–15 days for Hodal farmers.
Eligibility Criteria for Agricultural Loan in Hodal
| Criteria | Details |
|---|---|
| Applicant Type | Individual farmers, joint farmers, or agribusinesses |
| Land Ownership | Ownership or lease of agricultural land in Hodal |
| Age | 21–70 years |
| Credit Score | 600 or above preferred (not mandatory for KCC) |
| Purpose | Crop production, equipment, irrigation, or land development |
Documents Required for Agricultural Loan in Hodal
- Identity Proof: Aadhaar, PAN Card, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or land lease agreement (Hodal address).
- Land Documents: Land title deed, 7/12 extract, or lease agreement.
- Income Proof: Crop sale receipts, bank statements, or ITR (if applicable).
- Loan Purpose: Crop plan, equipment invoice, or project details.
- Photograph: Recent passport-size photo.
Benefits of Agricultural Loan in Hodal
- Loan amounts up to ₹1 crore for farming and agribusiness needs.
- Low interest rates starting at 7% p.a. in 2025.
- Flexible repayment tenures up to 15 years, aligned with crop cycles.
- Subsidized rates under schemes like Kisan Credit Card.
- Fast disbursal within 7–15 days in Hodal.
Factors Affecting Agricultural Loan in Hodal
Interest Rate
Rates range from 7% to 12% p.a., based on loan type, collateral, and government subsidies.
Loan Amount
Up to ₹1 crore, depending on land value, project scale, and repayment capacity.
Credit Score
Higher scores (600+) improve terms, but KCC schemes may waive this requirement.
Land Ownership
Clear land title or lease agreement in Hodal ensures higher loan approval chances.
How to Apply for an Agricultural Loan in Hodal
Follow these steps to apply for an agricultural loan in Hodal through Loanpao:
- Visit loanpao.in and select "Agricultural Loan in Hodal."
- Fill out the online application form with personal and farming details (name, Hodal address, loan purpose).
- Upload required documents (land title, identity proof, crop plan).
- Get approval within 3–7 days after verification.
- Receive funds disbursed within 7–15 days in Hodal.
Loan Eligibility for Agricultural Loan in Hodal
Check your eligibility for an agricultural loan in Hodal with Loanpao’s tool:
- Confirm applicant type (farmer or agribusiness).
- Provide land ownership or lease details (Hodal-based).
- Enter age (21–70 years).
- Submit credit score (600+ preferred, optional for KCC).
- Specify loan purpose (crop, equipment, or land development).
Loanpao will assess your eligibility and suggest the best agricultural loan offers in Hodal.
Check Eligibility NowTrack Your Agricultural Loan Application in Hodal
Loanpao provides a seamless tracker for your agricultural loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Hodal.
- Contact Loanpao support for assistance with delays in Hodal.
Agricultural Loan Comparison in Hodal
Compare agricultural loan offers from top lenders in Hodal:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI (Kisan Credit Card) | 7% p.a. | Up to ₹50 lakh | Up to 5 years | Nil |
| Punjab National Bank | 8.5% p.a. | Up to ₹75 lakh | Up to 10 years | 0.5% of loan amount |
| HDFC Bank (Agri Loan) | 9% p.a. | Up to ₹1 crore | Up to 15 years | 1% of loan amount |
Frequently Asked Questions
Agricultural loans in Hodal can be used for crop production, equipment purchase, irrigation, land development, or agribusiness expansion.
Agricultural loans in Hodal are disbursed within 7–15 days after document verification and land evaluation.
The maximum loan amount is up to ₹1 crore, based on land value and project needs.
Collateral (land or assets) is required for larger loans, but schemes like Kisan Credit Card may offer unsecured options for smaller amounts.
Missing an EMI may incur late fees, impact your credit score, and risk seizure of collateral for secured loans.