https://www.hdfcbank.com/personal/borrow/popular-loans/ruralloans/retail-agri-loan-kisan-card-and-kisan-gold-card

Features

Overview

Kisan Gold Card is finance to farmers for specified sum of money, towards his farm requirements like production of crop, post-harvest, repair & maintenance and consumption need of the farmer. Funding is also done for purchase of farm machinery, implements, irrigation equipment and construction of storage structures etc...

Key Features

Eligibility:  Individual farmer/ Joint borrower. All major applicant  up to age of 60 years, above 60 years legal heir is mandatory.

Type of facilities:

  1. Cash Credit/Overdraft: To meet crop production cost & expenses towards consumption, post-harvest expenses and repair & maintenance
  2. Term Loan: For investment purpose like land development, purchase of farm implement, Irrigation equipment etc.
  3. Quantum of finance: Quantum of finance is based up on land under cultivation, cropping pattern & scale of finance.
  4. Security:
    1. Primary: Hypothecation of crop & assets created out of bank finance
    2. Collateral: Mortgaged of agricultural land/Urban Property/Liquid security
  5. Tenure: Five year
  6. Other Benefit:
    1. Free Personal accidental insurance coverage of farmer, up to Rs. 2,00,000/-,
    2. Crop Insurance available for all notified crop under Prdhan Mantri Fasal Bima Yojana,
    3. Issuance of Rupay Farmer Platinum debit card for hassle free transaction.
  7. Documentation:
    1. Application Form
    2. KYC of Borrower/Co-borrower/Guarantor
    3. Copy of Land records
    4. Copy of Govt. land rate of agriculture land
    5. Latest updated passbook/bank statement

Eligibility

Criteria

Farmer who owns agricultural land and is actively cultivating crops

Fees and Charges

Description of Charges Facility Type Loan amount Charges/ Fee Amount Frequency of charging
Supervision Charges KGC CC(Other than allied and other cases) <= Rs 3 lakh Rs 250 Half Yearly
>Rs 3 lakh - 10 lakh Rs 750
>Rs 10 lakh- Rs 25 lakh Rs 1250
>Rs 25 lakh- Rs 50 lakh Rs 1500
>  Rs 50 lakh Rs 3000
Allied Activities & Other <= Rs 3 lakh Rs 250 Quarterly
>Rs 3 lakh - 10 lakh Rs 1000
>Rs 10 lakh- Rs 25 lakh Rs 2000
> Rs 25 lakh to Rs 50 lakh Rs 2500
>  Rs 50 lakh Rs 3000
*For cases under Pisciculture, Supervision charges shall apply annually
Processing Fee Regular KGC All 2.00% Loan Processing & at the time of enhancement
KGC Saral All Rs 2500
Foreclosure Charges* KGC TL Applicable for Fixed Rate TL Only 4% of outstanding amount At the time of loan closure
KGC CC All 4% At the time of loan closure
Late Payment Penalty KGC TL All 2% p.m. on overdue amount At the time of loan regularisation
KGC CC All 1.33% p.m. on overdue amount At the time of loan regularisation
Stamp Duty & other statutory charges All All At actuals as per applicable laws of the State Loan Processing
Legal, valuation and vetting charges All All At actuals At the time of loan Processing
Cheque Bounce Charges* All All Rs 550/- At the instant
Cheque Swapping Charges All All Rs 500/- Per transaction
CIBIL Report Copy Charges All All Rs 50/- Per request
Repayment Schedule Charges All All Rs. 200/- Per request

*Charges which are in nature of fees are EXCLUSIVE of service tax.

Service tax and other government levies, as applicable, would be charged additionally.

Average Annual Percentage Rate offered to customers during the period of Jul-23 to Sep-23