Agricultural loan
An agricultural loan is a financial product designed to assist farmers and agricultural businesses in financing various aspects of their operations. These loans can be used for purchasing land, equipment, seeds, fertilizers, livestock, or for covering operating expenses such as labor and irrigation costs. Agricultural loans often have specific terms and conditions tailored to the needs of farmers, including flexible repayment schedules that align with crop cycles and seasonal cash flows. Lenders may require collateral, such as land or equipment, to secure the loan. Interest rates can vary depending on factors like creditworthiness, loan amount, and the lender's policies. Additionally, government agricultural loan programs are available in many countries to provide support and assistance to farmers, particularly during times of economic hardship or natural disasters.
Up to 2 lakh
Agricultural loans intrest rate 7%