State Bank of India Agriculture Loan Details

I am customer of State Bank of India and want to take the Agriculture Loan from this bank want some details. Will you please provide me SBI Agriculture Loan Details and all other details related to this loan and tell me what the maximum amount of this loan?

[Shaleen]

State Bank of India is an Indian multinational, Public Sector banking and financial services company.

It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

SBI Agriculture Loan Details:

Eligibility

The borrowers should have a record of prompt repayment of the loan for at least two years. Good borrowers of other Banks may also eligible provided they liquidate their outstanding to other banks.
Quantum of loan

Maximum Rs. 5 lacs. (Excluding development charges).
Utilization of Loan Amount

Loan may be considered for:

Cost of land.
Provision of irrigation facilities & land development (shall not exceed 50% of the cost of land).
Purchase of farm equipments.
Registration charges & stamp duty.
Farmers assisted under the scheme may also be given crop loans

Margin

Minimum margin of 15%.
Gestation period

1-2 years: If it is to be developed.
6 Month-1year: Developed land

Repayment

Max. 9-10 years beginning after the expiry of gestation period, with half-yearly installments.
Security

Below I am providing you the process to get the branch locater of this bank. Please follow the below process:

1 Visit the official website of the bank which looks like:




2 At the bottom of the page and in the important links panel you will get the branch locater link click on that.

3 You will get the new page which looks like:




4 Then click on view locations link you will be redirected to the new page looks like:




5 Enter your search details you will be able to see the result.