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
Make matters simple and straightforward
A smart calculator for smart spending and savings
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
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Got questions? We’ve got answers.
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.
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.
