Public bank
Land purchase loan
SBI, PNB, Canara Bank and land development banksAll India
A long loan for small and marginal farmers to buy more farm land.
What it is
Banks and land development banks lend to buy farm land over 7 to 10 years, with a 1 to 2-year moratorium.
Canara Bank charges about 11.75% to 15.75%. The margin is about 15%.
All IndiaCoverageBank branch or land development bankApply at11.75%–15.75%Rate
Eligibility at a glance
Small and marginal farmers, as per bank policy
Apply at: Bank branch or land development bank
Key facts
- Amount: Based on land value
- Repayment: 7 to 10 years, half-yearly, 1–2 year moratorium
- Security: The land bought; about 15% margin
!Information only, not financial or legal advice. Final terms are set by the lender. AgriFolk does not collect any fee.