Overview of Agricultural Loan in Mahendragarh
Agricultural loans in Mahendragarh support farmers and agribusinesses in a district with a population of ~921,680 and a predominantly rural area (963.70 km²), known for crops like wheat, mustard, and bajra. In 2025, these loans offer up to ₹50 lakh with interest rates starting at 7% p.a. and tenures up to 15 years. With government schemes like PM-KISAN and NABARD support, Loanpao partners with lenders like SBI, PNB, and cooperative banks for approvals within 7–15 days.
Eligibility Criteria for Agricultural Loan in Mahendragarh
| Criteria | Details |
|---|---|
| Applicant Type | Farmers, farmer groups, or agribusiness owners |
| Age | 18–70 years |
| Land Ownership | Ownership or lease of agricultural land in Mahendragarh |
| Income | Stable income from farming or allied activities |
| Credit Score | 650+ preferred; lower scores may qualify with collateral |
| Purpose | Crop cultivation, equipment purchase, irrigation, or allied activities |
Documents Required for Agricultural Loan in Mahendragarh
- Identity Proof: Aadhaar, PAN Card, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or rental agreement for Mahendragarh address.
- Land Documents: Land ownership papers, lease agreement, or Khasra/Khatauni.
- Income Proof: Crop sale receipts, bank statements (6 months), or PM-KISAN registration.
- Purpose Details: Loan purpose statement (e.g., seeds, equipment, irrigation).
- Photograph: Recent passport-size photograph.
Benefits of Agricultural Loan in Mahendragarh
- Low interest rates starting at 7% p.a. in 2025.
- Loan amounts up to ₹50 lakh for farming needs.
- Flexible tenures up to 15 years for affordable repayments.
- Quick processing within 7–15 days via Loanpao’s platform.
- Subsidies and government scheme integrations (e.g., Kisan Credit Card).
Factors Affecting Agricultural Loan in Mahendragarh
Interest Rate
Rates range from 7% to 12% p.a., based on loan type, collateral, and government subsidies.
Collateral
Secured loans with land or assets offer lower rates; unsecured loans may have higher rates.
Land Ownership
Clear land titles or lease agreements improve loan terms and approval chances.
Credit History
Good repayment history or scores above 650 secure better terms.
How to Apply for an Agricultural Loan in Mahendragarh
Follow these steps to apply for an agricultural loan in Mahendragarh through Loanpao:
- Visit loanpao.in and select "Agricultural Loan in Mahendragarh."
- Fill out the application with personal and farming details.
- Upload required documents (Aadhaar, PAN, land papers, income proof).
- Choose a lender (e.g., SBI, PNB) and loan type (e.g., crop loan, KCC).
- Receive approval and funds within 7–15 days after verification.
Loan Eligibility for Agricultural Loan in Mahendragarh
Check your eligibility for an agricultural loan in Mahendragarh with Loanpao’s tool:
- Enter personal and farming details (land size, Mahendragarh address).
- Provide income and purpose details (e.g., crop type, equipment).
- Submit for instant eligibility results based on lender criteria.
Loanpao matches you with the best agricultural loan offers in Mahendragarh.
Check Eligibility NowTrack Your Agricultural Loan Application in Mahendragarh
Loanpao offers a seamless tracker for your agricultural loan application:
- Enter your application ID on the Loanpao Tracker page.
- Receive real-time updates on status (e.g., document verification, approved, disbursed).
- Get notifications for fund disbursal in Mahendragarh.
- Contact Loanpao support for assistance with delays in Mahendragarh.
Agricultural Loan Comparison in Mahendragarh
Compare agricultural loan offers from top lenders in Mahendragarh:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 7% p.a. | Up to ₹50 lakh | Up to 15 years | 0.5% of loan amount |
| PNB | 7.5% p.a. | Up to ₹25 lakh | Up to 10 years | 0.75% of loan amount |
| Haryana Gramin Bank | 8% p.a. | Up to ₹15 lakh | Up to 7 years | Up to 1% of loan amount |
Frequently Asked Questions
Funds can be used for crop cultivation, equipment purchase, irrigation, or allied activities like dairy or poultry.
Approvals typically take 7–15 days, depending on document verification and collateral assessment.
Up to ₹50 lakh, based on land value, farming scale, and lender policies.
Collateral like land is required for larger loans; smaller loans (e.g., KCC) may be unsecured.
Yes, schemes like PM-KISAN and NABARD offer interest subsidies and support for eligible farmers.
Default may lead to seizure of collateral (if secured) or legal action by the lender, per RBI guidelines.