Krishik Sarathi Loan

In today's agricultural landscape, the Krishik Sarathi Loan from Karnataka Bank stands to support the farming community. This loan is crafted to help you purchase essential farm machinery , vehicles, and innovative equipment, the key to modern farming practices. With a generous loan ceiling and flexible repayment aligned with your harvest cycles, it's designed to ease your financial burden. At Karnataka Bank, we're committed to your success in agriculture. Krishik Sarathi is our way of ensuring you have the financial backing to enhance your farming efficiency and growth. Read more

Why this loan is for you

Supporting your agricultural needs with easy solutions

Repayment schedules are set according to your harvest and income patterns

Support for purchasing the latest farming technologies, vehicles and equipment

Easy application and management of loans through digital platforms and personal guidance

Loan repayment

The loan is structured for yearly repayments, aligned with the typical agricultural harvest and marketing cycles, offering convenience and alignment with your cash flow.

Interest rates

Interest rates align with External Benchmark Lending Rate (EBLR) guidelines, ensuring that your payments are affordable and reflective of current market conditions

Loan amount

We finance up to ₹1 crore for the acquisition of farming machinery, transport vehicles, and equipment, aiding in the modernization of agricultural practices.

Up to ₹1 lakh

Hypothecation of farm machinery, vehicle(s), or asset(s) to be purchased.

₹1 lakh - ₹15 lakhs

Hypothecation of farm machinery, vehicle(s), or asset(s) to be purchased. Collateral security of properties covering at least 50% of the loan amount, or a guarantee of a third-party or family member acceptable to the bank.

Above ₹15 lakhs

Hypothecation of farm machinery, vehicle(s), or asset(s) to be purchased. Collateral security of properties covering at least 50% of the loan amount, and a guarantee of a third-party or family member acceptable to the bank.

Make matters simple and straightforward

A smart calculator for smart spending and savings

Emi Calculator

Loan amount
25000 1000000
Rate of interest
2% 18%
Loan tenure
1 Months 60 Months

You will pay

₹13,800/Months

Not sure which product is for you?

Let’s find the best fit together

  • No spam calls
  • Dedicated KBL experts
  • Set up a call on your time

Eligibility criteria

  • Individuals, entities, firm, companies, HUFs and Trusts engaged in agricultural activities with proof
of agricultural land ownership or usage

Documents required

  • CIBIL/CRIF and KYC documents
  • Plan and estimation
  • RTCS
  • CERSAI
  • EC and RTC
  • Income tax returns, income proof
  • Legal document for property
  • Project report
  • Turnover report
  • Udyam
  • Insurance copy and stock report (if applicable)

As easy as 1,2,3...

Apply for a Krishik Sarathi Loan in 3 simple steps

Step 1

Start with your basic details

Provide your basic details and keep your documents handy

Step 2

Verify your details

Verify your details and pay processing fees

Step 3

Upload documents

Upload the documents and wait for us to send you a confirmation

As easy as 1,2,3

Explore other options for you

Trusted by thousands and handpicked for financial excellence

KBL Agri Gold Loan

  • Up to ₹2.5 crores max loan amount
  • Interest rate starting at 9.04% p.a.
  • Up to 12 months loan tenure

KBL Agro Processing Loan

  • Up to ₹15 crore max loan amount
  • Interest rate starting at 11.3% p.a.
  • Up to 120 months loan tenure

Simplify agribanking with easy reads

Bite-sized resources that keep you informed

Financial wellness
A Guide to Budgeting and Saving with Your Bank

Blog
Boosting Resale Value on a Budget: The “Yes” and “No” List for Renovating

Blog
Financing Travel Adventures with Gold Loans

Blog
Top Tips for Negotiating the Best Gold Loan Interest Rates and Terms

Blog
7 Reasons It’s Time to Consider Taking a Business Loan

Blog
Beyond the Piggy Bank: Teaching Kids Financial Literacy

Blog
Unlocking Freedom: The Case for Owning a Car in the Age of Convenience

Blog
Is financing micro living with Home Loans recommended?

Blog
Myth Or Fact? Debunking Some Common Myths About Car Loans

Blog
6 Savings Account Mistakes to Avoid at All Costs

Blog
Common mistakes while availing personal loans and how to avoid them

Blog
5 Dos and Donts When Applying for Personal Loans

Blog
Leveraging Property-Based Loans for Business Growth

Blog
The Wisdom of Instant Gold Loans for Retired People - Unlock Financial Security

Blog
Dependancy Of Public Transport V/s Owning A Vehicle

Blog
Vehicle Loans for Aspiring Delivery Partners and Cab Drivers

Blog
Match made in banking heaven: Savings account edition

Blog
Furnishing your newlywed home with a Gold Loan

Blog
Financing Your Next Ride: A Guide to Buying Second-Hand Car with a Car Loan

Blog
Insta(nt) success: Business Loans for Small Businesses on Social Media

Blog
Is it Better to Buy an Apartment or an Independent House?

Blog
Earn more with vacation rentals over long-term renting: Loan against property

Blog
Navigating Personal Loans in your early 20s- Is it a Good Idea?

Blog
Savings Account: Breaking Norms and Building Wealth

Blog
Why should you go for a semi-furnished apartment?

blog
The Ultimate Guide to Savings Accounts

blog
Unlocking Financial Growth: The Ultimate Guide to Savings Accounts

Financial wellness
Empowering Your Financial Wellness: A Guide to Budgeting and Saving with Your Bank

Got questions? We’ve got answers.

Can I prepay my loan without extra charges?

You can usually prepay your loan without incurring additional fees, but it's best to check the specific terms of your loan agreement for any conditions.

Yes, insuring the financed equipment is often required to protect against damage or loss, ensuring both your investment is secure.

We prioritize expedient loan processing, understanding the importance of timely financial support for your business aspirations.

While the loan itself doesn't come with subsidies, you might be eligible for government subsidies on the purchased equipment. It's advisable to check current government schemes.

The bank considers several factors including your income, the value of the collateral, and your credit history to determine your loan eligibility.

Yes, individuals not directly involved in farming but engaged in agri-businesses can apply, provided they meet the eligibility criteria.

Absolutely, this loan supports a range of agricultural activities including organic farming, reflecting our commitment to sustainable agriculture.

Prepayment is an option available to you, potentially reducing your interest obligations. We advise discussing this with us to understanding terms and conditions of the loan.

In the context of Karnataka Bank's loans, EBLR or External Benchmark Lending Rate is a crucial reference rate. It's essentially the standard against which the interest rates of loans are gauged and adjusted. This rate is determined by external market factors and serves as a transparent and dynamic benchmark. By tying loan interest rates to the EBLR, we ensure that loan pricing is fair, responsive to market conditions, and in line with regulatory guidelines, providing a clear and consistent basis for borrowers to understand how their loan interest rates are set.

We prioritize expedient loan processing, understanding the importance of timely financial support for your business aspirations.

Empowering farmers with the Krishik Sarathi Loan

Our Krishik Sarathi Loan addresses the need for modern machinery in farming with specific farm machinery finance options. Farmers can take advantage of this scheme to obtain tractor financing or to secure farm machinery loans, ensuring they have access to the latest equipment to increase productivity and efficiency.

Interest rates on agri-business loans are typically structured to support the agricultural community, often being more favorable than standard commercial loans. Understanding these rates is crucial when you start your application process, as they directly affect repayment terms and the overall cost of the loan.

Do ensure you have a clear plan for the utilization and repayment of the loan. Keep all necessary documents ready to streamline the online application process. Don't overlook government subsidies or special programs that may be available for agri-business loans. Regularly monitor and manage your loan to maintain financial health.