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Farmer Finance / Agriculture Loan/ Krishi Loan

National Commercial Bank offers a range of agriculture loans. You can use our overdraft facility to meet the cost of cultivation and working capital activities for farming and allied activities. 

 

Visit our nearest branch and get an agriculture loan.

What are the types of agriculture loans available for me?

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Farmer Finance supports you using a whole farm approach – support in all aspects of agriculture. Our agriculture loans meet your both short term and long term credit needs.

  1. Retail Agri Loan - Kisan Credit Card / Kisan Card
    Kisan Credit Card (KCC) is a specially designed credit card for farmers. This card gives you the facility of a hassle free and convenient credit to meet your day to day farming requirements. 

  2. Long term Loan for agriculture & allied activities (Agri Term Loan)
    You can get term loans to buy cattle or agriculture equipment as a part of the Agricultural Term Loan (Agri TL) scheme from National Commercial Bank. Repay these loans over a period of 3-4 years in monthly/Half yearly/ Yearly instalments as per your convenience.
    You get multiple benefits with ICICI Bank Agriculture loans:

    • Simplified documentation

    • Easy and convenient loan

    • Flexible loan repayment options based on your income

    • Attractive interest rates

    • No hidden charges

    • Quick processing

    • Non-mortgage loans are also available

What are the benefits of availing the Kisan Card / Kisan Credit Card facility from NCB Bank?

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National Commercial Bank Kisan Credit Card comes with a host of benefits, some of which are:

  • Convenient banking: You need not to compromise with your day to day work while banking with us. Experience the new age banking with National Commercial Bank through large branch & ATM network with 24*7 customer care support

  • Wide network: National Commercial Bank Kisan Credit Card can be used at any bank’s ATM apart from National Commercial Bank’s large coverage of 10,000+ ATMs across the country

  • Card limit: The Kisan Credit Card limit is sanctioned for 5 years with one time documentation and shall be reviewed every year based on your farming requirements 

What is the eligibility criteria to apply for NCB Bank Kisan Card / Kisan Credit Card?

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Following are the basic requirements to avail Kisan Credit Card from NCB  Bank:

  • The applicant should be in the age group of 18-70 years

  • Owns a piece of agricultural land

  • Engaged in agricultural or Allied Agricultural Activities

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What are the documents required to apply for Krishi Loan / Kisan Card?

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You need to submit the following documents while availing the loan:

  • Simplified application form

  • KYC Documents

  • Land documents

  • Security PDC

  • Any other document, as per sanction condition

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What is the interest rate and processing fee?

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       Product                             Minimum                               Maximum                               Mean
Kisan Credit Card                    9.00%                                     13.60%                                   12.00%
Premium Overdraft                 7.00%                                     15.40%                                   10.42%
Agri Term Loan                       8.50%                                     18.00%                                    12.48%
 
Beautiful Nature

Notes:

  1. The range of interest rate provided is with respect to individual loans disbursed between January 1, 2022 to March 31, 2022.

  2. Mean rate - Sum of rate of all loans/number of loan accounts.

  3. The rate of interest is dependent on credit assessment parameters of the bank.

  4. Data excludes lending done under the crop loan subvention schemes of the government.

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                                    Schedule of charges
Description of Charges                                     Facility Type                                    Charges / Fee Amount**
    Processing Fees                                            Kisan Credit Card
                                                                        

Up to 2% of initial sanction at the time of disbursement and renewal

Processing Fee charges for Interest Subvention Cases will be 1.50%

Up to 0.50% of the sanction limit at the time of review with enhancement or upto 0.25% of the sanction limit at the time of review without enhancement of the account

Agri Term Loan

Up to 2% of sanction limit at the time of disbursement

Premium Funding Overdraft

Up to 2% of sanction limit at the time of disbursement and renewal

Stamp Duty and other statutory charges
        All

At actuals as per applicable laws of the State at the time of loan processing

Legal Fees (All states except Madhya Pradesh)

KCC Limit upto ₹3 Lac - ₹1,750

KCC Limit above ₹3 Lac - ₹10Lac - ₹ 2,500

KCC Limit above ₹10 Lac - ₹ 3,500

Legal Fees (Madhya Pradesh)
Legal fees for all residential and commercial properties
Valuation Fees

KCC Limit upto ₹3 Lac - ₹ 2,350

KCC Limit above ₹3 Lac - ₹10Lac - ₹ 3,100

KCC Limit above ₹10 Lac - ₹ 4,100

₹ 2500 for each residential or commercial property obtained as security

₹ 2500 per case for cases where valuation of residential or commercial property is done

Switch from existing Benchmark Rate to external Benchmark rate

Administrative switchover fee of ₹ 1,000 plus taxes shall be charged.

Penal Interest
Penal Interest

Kisan Credit Card

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Agri Term Loan

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Premium Funding Overdraft

2% per month on overdue amount at the time of loan regularization

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2% per month on overdue amount at the time of loan regularization

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2% per month on overdue amount at the time of loan regularization

Note  - For loans up to Rs 25,000/-  nil penal interest to be recovered for delayed payment

Penal Charges

Overdue Charges (31 DPD to 90 DPD)

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Overdue Charges (90+ DPD)

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Overdue Charges (180+ DPD)

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Foreclosure Charges*

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​Bounce/Late Payment Charges

         Kisan Credit Card

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         Kisan Credit Card

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         Kisan Credit Card

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         Kisan Credit Card

₹ 500 on non-repayment of interest post 30 days after interest debit.

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₹ 1000 on non-repayment of interest post 90 days after interest debit.

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₹ 1000 on non-repayment of interest post 180 days after interest debit.

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4% on Sanction limit for account closed within one year of account opening

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₹ 500 per  per bounce or Late-repayment of interest on due date 

DPD : Days Past Dues
Charges and Penal Interest would not be levied on loans amounting up to Rs 25,000 for Agricultural purpose.

 

**Charges which are in nature of fees are Exclusive of GST.
GST and other government levies, as applicable, would be charged additionally.

 

 

Annual Percentage Rate:

 

 

The Annual Percentage Rate (APR) is a method to compute annualised credit cost, which includes interest rate and processing fee.

 

To calculate the same, please click here to download the APR calculator.

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Moving to a new address? Update us and stay connected.

In the event of a change in your address, on account of relocation or any other reason, you should intimate the bank within 2 weeks of such a change. Any such intimation/request for change in address should be accompanied with a valid address proof.

Farmer Finance

Eligibilty

  • Minimum age 18 years

  • Maximum age 70 years

Farmer Finance

Documents Required

You need to submit the following documents while availing the loan:

  • Simplified application form

  • KYC Documents

  • Land documents

  • Security PDC

  • Any other document, as per sanction condition

KCC Application Form

 

Loan Agreement Form

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