Overview of Agricultural Loan in Rewari
Rewari, a key agricultural region in Haryana, offers tailored agricultural loans to support farmers and agribusinesses. These loans, ranging from ₹1 lakh to ₹50 lakh, help with purchasing seeds, fertilizers, equipment, or funding irrigation projects. Lenders like SBI, PNB, and NABARD provide competitive rates starting at 7% p.a., with repayment aligned to crop cycles. Loanpao simplifies the process with online applications and eligibility checks for Rewari farmers.
Eligibility Criteria for Agricultural Loan in Rewari
| Criteria | Details |
|---|---|
| Age | 18–70 years |
| Land Ownership | Ownership or lease of agricultural land in Rewari |
| Credit Score | 650+ preferred; lower scores may qualify with collateral |
| Income | Agricultural income proof or land revenue records |
| Experience | Minimum 2 years of farming experience |
Documents Required for Agricultural Loan in Rewari
- Identity Proof: Aadhaar, PAN Card, or Voter ID.
- Address Proof: Utility bill, Aadhaar, or land records (Rewari-specific).
- Land Documents: Ownership deed, lease agreement, or Khasra/Khatauni.
- Income Proof: Crop sale receipts, bank statements (6 months).
- Photographs: Recent passport-sized photos.
Benefits of Agricultural Loan in Rewari
- Loan amounts from ₹1 lakh to ₹50 lakh for farming needs.
- Low interest rates starting at 7% p.a. with subsidies under schemes like KCC.
- Flexible repayment tenures aligned with crop cycles (1–7 years).
- Quick disbursal within 7–15 days in Rewari.
- Collateral-free options for loans up to ₹1.6 lakh under Kisan Credit Card.
Factors Affecting Agricultural Loan in Rewari
Land Ownership
Clear land title or lease agreement improves approval chances.
Credit History
Higher credit scores secure better rates; defaults may require collateral.
Crop Type
Loans for high-yield crops may get preferential terms.
Government Schemes
Schemes like PM Kisan or NABARD refinance offer lower rates.
How to Apply for an Agricultural Loan in Rewari
Follow these steps to apply for an agricultural loan in Rewari through Loanpao:
- Visit loanpao.in and select "Agricultural Loan in Rewari."
- Fill out the online application with personal and farming details.
- Upload documents (ID proof, land records, income proof).
- Compare offers from lenders like SBI, PNB, and NABARD in Rewari.
- Get approval and funds disbursed within 7–15 days.
Loan Eligibility for Agricultural Loan in Rewari
Check your eligibility for an agricultural loan in Rewari with Loanpao’s tool:
- Enter personal details (age, farming experience).
- Provide land ownership or lease details.
- Submit income proof and Rewari address proof.
- Include crop details for accurate assessment.
Loanpao will evaluate your eligibility and recommend the best agricultural loan offers in Rewari.
Check Eligibility NowTrack Your Agricultural Loan Application in Rewari
Loanpao offers a seamless tracker for your agricultural loan application:
- Submit your application ID on the Loanpao Tracker page.
- Monitor real-time status updates (e.g., under review, approved, disbursed).
- Receive notifications for disbursal updates in Rewari.
- Contact Loanpao support for assistance with delays in Rewari.
Agricultural Loan Comparison in Rewari
Compare agricultural loan offers from top lenders in Rewari:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SBI | 7.0% p.a. | ₹1 lakh–₹50 lakh | 1–7 years | 0.5–1% of loan amount |
| PNB | 7.5% p.a. | ₹50,000–₹25 lakh | 1–5 years | 0.75–1.5% of loan amount |
| NABARD | 7.2% p.a. | ₹1 lakh–₹40 lakh | 1–7 years | 0.5–1% of loan amount |
Frequently Asked Questions
Purchasing seeds, fertilizers, equipment, or funding irrigation and allied activities.
Disbursal typically takes 7–15 days after document verification in Rewari.
A score of 650+ is preferred; lower scores may qualify with collateral.
Yes, with a valid lease agreement and income proof.
No collateral for loans up to ₹1.6 lakh under Kisan Credit Card; larger loans may require land as security.