Is it possible to get a loan for purchasing agricultural land?

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Hemant Pandey · Accepted Answer

Yes, you can get a loan for agriculture land purchase. Many banks and financial institutions provide loans for buying agricultural land to farmers and agriculturists to help them buy farmland for cultivation and related activities. These loans typically come with flexible repayment options, low interest rate and a tenure that suits agricultural cycles. 

The purchased land is often used as collateral, and the loan amount depends on the applicant’s eligibility, land value, and financial background of applicant. 

To apply for a loan for agriculture land purchase, individuals need to provide documents like Aadhaar, PAN, bank statements, etc. The eligibility criteria may vary from bank to bank, but applicants generally need to be engaged in farming or agricultural activities.

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