KBL Agro Processing Loan
A comprehensive financial solution tailored for individuals, farmers, and various legal entities engaged in agro-processing. This scheme is designed to support the establishment, improvement, and expansion of agro-processing units. Whether it's for acquiring machinery, vehicles, equipment, or meeting working capital needs, our scheme provides robust support for your agro-business. It combines the benefits of substantial funding, flexible repayment options, and competitive interest rates, making it an ideal choice for fueling the growth of your agro-processing endeavors. Read more Read less
Why this loan is for you
Supporting your agricultural needs with easy solutions
Enjoy up to 18 months of support for operational costs with flexible tenures
Supports both cultivation and allied agricultural activities
Use gold ornaments or coins as collateral, ensuring security and trust
Make matters simple and straightforward
A smart calculator for smart spending and savings
Emi Calculator
You will pay
₹13,800/Months
Eligibility criteria
- Individuals engaged in agro-processing activities
- Owners of relevant machinery or equipment
- Valid documents proving identity and address
- Companies, trusts and self help groups legally recognized in agro-processing
- Good financial standing
- Valid identification and proofs of legitimate agricultural entity
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 KBL Agro Processing Loan in 3 simple steps
Step 1
Visit your nearest branch
Go to your nearest Karnataka Bank branch
Step 2
Start with your basic details
Provide your basic details and keep your documents handy
Step 3
We’ll take care of the rest
Our branch officials will notify you when your loan is sanctioned
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Got questions? We’ve got answers
KBL Agro Processing Loan is open to individuals, farmers, groups of farmers, companies, partnerships, trusts, SHGs, and other legal entities engaged in agro-processing activities.
Visit our nearest branch with your agricultural documents. Our team is ready to assist you through the application process, ensuring clarity and efficiency. You can also apply online through our website for quick processing.
The maximum loan amount under this scheme is ₹15 crores, offering substantial financial support for your agro-processing ventures.
Collateral includes the hypothecation of machinery or assets financed by the loan and non-agricultural immovable properties valued at at least 75% of the loan amount.
Interest is charged as per the EBLR Guidelines and is typically serviced yearly or on the due date.
Yes, small farmers are eligible, provided they are involved in agro-processing activities and meet other scheme criteria.
We understand the uncertainties in agriculture. If you face repayment difficulties, please reach out to us for possible solutions or restructuring options. We offer flexible repayment options tailored to your business cycle and financial capacity.
Loan proceeds can be used for setting up or improving agro-processing units, machinery or vehicle purchase, and working capital requirements.
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.
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.
Embarking on an agro-processing project is a significant decision, and we're here to assist you every step of the way. We encourage you to come prepared with a clear plan for utilizing and repaying your loan, and we'll handle the complexities of the application process. We're also on hand to inform you about potential subsidies or special programs that could benefit your venture. Once your loan is in place, we'll continue to partner with you, offering advice and tools to manage your loan effectively, keeping your financial health our top priority.
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.
