Overview of Agricultural Loan in Bhiwadi

Bhiwadi, located in Rajasthan’s Alwar district within the NCR, supports farmers and agribusinesses with agricultural loans. These loans, ranging from ₹1 lakh to ₹50 lakh, cater to crop cultivation, equipment purchase, and farm expansion. Lenders like NABARD, SBI, and HDFC Bank offer rates starting at 7% p.a. with flexible tenures up to 15 years. Loanpao simplifies the application process for Bhiwadi’s agricultural community with online tools and eligibility checks.

Eligibility Criteria for Agricultural Loan in Bhiwadi

Criteria Details
Age 18–70 years
Occupation Farmers, agricultural entrepreneurs, or cooperative societies
Land Ownership Ownership or lease documents for agricultural land
Income Minimum ₹2 lakh annually from agriculture
Credit Score 650+ preferred; lower scores may qualify with collateral

Documents Required for Agricultural Loan in Bhiwadi

  • Identity Proof: Aadhaar, PAN Card, or Voter ID.
  • Address Proof: Utility bill, rental agreement, or Aadhaar (Bhiwadi-specific).
  • Land Documents: Ownership deed, lease agreement, or Khasra/Khatouni.
  • Income Proof: Agricultural income proof, ITR (2 years for agribusiness).
  • Bank Statements: Last 6 months showing agricultural transactions.

Benefits of Agricultural Loan in Bhiwadi

  • Loan amounts from ₹1 lakh to ₹50 lakh for farming needs.
  • Low interest rates starting at 7% p.a. for eligible farmers.
  • Flexible repayment tenures up to 15 years.
  • Subsidies available under schemes like Kisan Credit Card (KCC).
  • Quick disbursal within 5–10 days in Bhiwadi.

Factors Affecting Agricultural Loan in Bhiwadi

Credit Score

Higher scores (650+) secure better rates; lower scores may require collateral.

Land Ownership

Clear land titles or lease agreements improve approval chances.

Income Stability

Consistent agricultural income enhances eligibility in Bhiwadi.

Government Schemes

Schemes like PM Kisan Sampada Yojana may offer additional benefits.

How to Apply for an Agricultural Loan in Bhiwadi

Follow these steps to apply for an agricultural loan in Bhiwadi through Loanpao:

  1. Visit loanpao.in and select "Agricultural Loan in Bhiwadi."
  2. Fill out the online application with personal and agricultural details.
  3. Upload documents (ID proof, land documents, income proof).
  4. Compare offers from lenders like NABARD, SBI, and HDFC Bank in Bhiwadi.
  5. Get approval and funds disbursed within 5–10 days.

Loan Eligibility for Agricultural Loan in Bhiwadi

Check your eligibility for an agricultural loan in Bhiwadi with Loanpao’s tool:

  • Enter personal details (age, occupation, income).
  • Provide land ownership or lease details.
  • Submit agricultural income proof and bank statements.
  • Include credit score for accurate assessment.

Loanpao will evaluate your eligibility and recommend the best agricultural loan offers in Bhiwadi.

Check Eligibility Now

Track Your Agricultural Loan Application in Bhiwadi

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 Bhiwadi.
  • Contact Loanpao support for assistance with delays in Bhiwadi.
Track Application Now

Agricultural Loan Comparison in Bhiwadi

Compare agricultural loan offers from top lenders in Bhiwadi:

Lender Interest Rate Loan Amount Tenure Processing Fee
NABARD 7.0% p.a. ₹1 lakh–₹50 lakh 1–15 years 0.5–1% of loan amount
SBI 7.5% p.a. ₹1 lakh–₹25 lakh 1–10 years 0.5–1% of loan amount
HDFC Bank 8.0% p.a. ₹1 lakh–₹20 lakh 1–7 years 1–2% of loan amount

Frequently Asked Questions

Funding crop cultivation, equipment purchase, or farm expansion.

Disbursal typically takes 5–10 days after document verification in Bhiwadi.

Yes, ownership or lease documents are typically required.

Yes, schemes like Kisan Credit Card offer subsidies for eligible farmers.

Collateral may be required for larger loans, but smaller loans under schemes like KCC are often unsecured.