Overview of Agricultural Loan in Manesar
An agricultural loan in Manesar supports farmers and agri-entrepreneurs with funds for crop cultivation, equipment purchase, or livestock farming. In 2025, lenders like NABARD, SBI, and HDFC offer agricultural loans in Manesar with interest rates starting at 7% per annum. Loanpao helps you compare offers, check eligibility, and apply seamlessly for agricultural loans tailored to Manesar’s rural and semi-urban farming community.
Eligibility Criteria for Agricultural Loan in Manesar
| Criteria | Details |
|---|---|
| Age | 18 to 70 years |
| Residency | Must be a resident of Manesar or nearby rural areas with valid address proof |
| Land Ownership | Ownership or lease of agricultural land in Manesar |
| Income | Proof of agricultural income or allied activities |
| Credit Score | Minimum 650 preferred (not mandatory for some schemes) |
| Bank Account | Active bank account in Manesar |
Documents Required for Agricultural Loan in Manesar
- Identity Proof: Aadhaar Card, PAN Card, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or Rental Agreement (Manesar address).
- Land Documents: Land ownership or lease agreement.
- Income Proof: Crop yield records, sale receipts, or ITR (last 2 years).
- Bank Statement: Last 6 months’ bank statements.
- Photographs: 2 passport-sized photographs.
Benefits of Agricultural Loan in Manesar
- Low interest rates starting at 7% per annum in 2025.
- Loan amounts up to ₹20 lakh based on land value and farming needs in Manesar.
- Flexible repayment tenure of up to 7 years.
- Subsidies available under schemes like PM Kisan Sampada Yojana in Manesar.
- Quick disbursal for seasonal farming needs.
Factors Affecting Agricultural Loan in Manesar
Interest Rate
Rates range from 7% to 12%, depending on lender, loan type, and government subsidies.
Loan Amount
Lenders offer up to ₹20 lakh based on land value and farming scale in Manesar.
Credit Score
A score above 650 ensures better terms, but some schemes don’t require it.
Land Ownership
Clear land title or lease agreement increases loan eligibility.
How to Apply for an Agricultural Loan in Manesar
Follow these steps to apply for an agricultural loan in Manesar through Loanpao:
- Visit loanpao.in and select "Agricultural Loan in Manesar."
- Fill out the online application form with your details (name, Manesar address, farming details).
- Upload required documents (Aadhaar, land papers, income proof).
- Compare offers from top Manesar lenders like NABARD, SBI, and HDFC.
- Get approval and funds disbursed within 3-7 days in Manesar.
Loan Eligibility for Agricultural Loan in Manesar
Check your eligibility for an agricultural loan in Manesar with Loanpao’s eligibility tool:
- Enter your agricultural income or crop yield details.
- Provide land ownership or lease details in Manesar.
- Specify your credit score (if applicable).
- Include your Manesar address for localized offers.
Loanpao will instantly assess your eligibility and suggest the best agricultural loan offers in Manesar.
Check Eligibility NowTrack Your Agricultural Loan Application in Manesar
Loanpao provides a seamless tracker for your agricultural loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates on your application status (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Manesar.
- Contact Loanpao support for assistance with delays in Manesar.
Agricultural Loan Comparison in Manesar
Compare agricultural loan offers from top lenders in Manesar:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| NABARD | 7% p.a. | Up to ₹20 lakh | Up to 7 years | 0.5% of loan amount |
| SBI | 8% p.a. | Up to ₹15 lakh | Up to 5 years | 1% of loan amount |
| HDFC | 8.5% p.a. | Up to ₹10 lakh | Up to 5 years | 1.5% of loan amount |
Frequently Asked Questions
Typically, ownership or lease of at least 1 acre of agricultural land in Manesar is required.
Interest rates start at 7% per annum, depending on the lender and scheme.
Agricultural loans in Manesar can be disbursed within 3-7 days after application submission.
Yes, some government-backed schemes like NABARD don’t require a credit score in Manesar.
The maximum tenure for an agricultural loan in Manesar is up to 7 years.
Yes, most lenders in Manesar allow prepayment with minimal or no charges after 6 months of EMIs.
Missing an EMI can lead to late fees, a negative impact on your credit score, and potential legal action by the lender.
Top lenders in Manesar for agricultural loans include NABARD, SBI, and HDFC, offering competitive rates and subsidies.
Yes, Loanpao offers a fully online application process for agricultural loans in Manesar.
The maximum loan amount for an agricultural loan in Manesar can go up to ₹20 lakh, depending on land value and farming needs.