Agriculture Loan - Get Instant Agriculture Loan at Best Interest Rates

Overview

IndusInd Bank’s Indus Kisan is a direct agri-funding product for progressive Indian farmers. Indus Kisan enables farmers involved in agricultural and allied activities to meet their short-term and long-term credit requirement through a single window system.

Why take Indus Kisan?

We provide a convenient and hassle free banking experience thereby instilling trust and faith in all our customers.

Reason to bank on us

Crop Loan: To meet working capital requirement for agri and agri-allied activities.
Investment Loan: To meet long term needs for investments needs of agri and agri-allied activities.
Quick approval and disbursement
No hidden charges
Flexible repayment cycle based on crop harvest cycle
Bundled savings bank account for all customers
Attractive Interest rates
Tenure of 5 Years
Facility for availing Health/ Life Insurance
Bundled savings account for all customers
Issuance of RuPay Debit Card and Internet banking facility for a hassle free banking experience
Free Cash withdrawal and deposits at all IndusInd Bank branches
Crop Insurance facility for all notified crops

How to Apply for Agriculture Loan?

Indus Kisan Facility is presently available at select branches of Maharashtra, Gujarat, Madhya Pradesh, Chhatisgarh, Punjab, Haryana, Rajasthan and Kerala. To know more kindly visit your nearest IndusInd Bank branch.

Information About Agriculture Loan

Indus Kisan interest details for various categories of loans (CC & TL) – Q3 2024-25
Facility type	Maximum	Minimum	Mean
Production Loan (CC)	12.75	7.00	10.88
Investment Loan (TL)	14.85	9.10	10.05
Overdraft Loan (OD)	13.25	9.15	11.12
Hi-Tech Agriculture (OD)	13.00	9.00	10.67
*Loans offered basis Fixed ROI effective since Sept'24

Revised Annual Percentage Rate for Q3 FY' 25
Products	APR		ROI
Products	Min. Rate	Max. Rate	Min. Rate	Max. Rate
TL	9.35%	15.12%	9.10%	14.85%
CC/OD	7.00%	14.40%	7.00%	13.25%

Charges of Agri Loan

Processing Fee: Up to 2% of sanctioned amount + Applicable GST. For all KCC /Crop loans up to INR 3 lakhs to SMF farmers, NIL charges to be applicable.

Penal Charge:

For Term Loans: 2% + GST per month on overdue amount along with interest OR INR 100+ GST, whichever is higher.

For CC/OD loans: 24% p.a.+ GST on overdue amount payable along with interest OR INR 100 + GST, whichever is higher.

CERSAI Charge: INR 550 + Applicable GST per non agri property of charge registration.

Prepayment Charges: NIL*

Annual Maintenance Charges (AMC)

Applicable for	Applicable Charges
Up to INR 10 lacs	INR 800 + Applicable GST
>INR 10 lacs & <INR 25 lacs	INR 1500 + Applicable GST
>INR 25 lacs & <INR 100 lacs	INR 2500 + Applicable GST
>INR 100 lacs	INR 5000 + Applicable GST

Annual Inspection Charges

Applicable for	Applicable Charges
Up to INR 10 lacs	INR 500 + Applicable GST
>INR 10 lacs & <INR 25 lacs	INR 1000 + Applicable GST
>INR 25 lacs	INR 1500 + Applicable GST

Partial release of security / replacement of security

Applicable for	Applicable Charges
Up to INR 10 lacs	INR 1000 + Applicable GST
>INR 10 lacs & <INR 25 lacs	INR 2500 + Applicable GST
>INR 25 lacs	INR 5000 + Applicable GST

Change in Sanctioned T&Cs post disbursement

Applicable for	Applicable Charges
Up to INR 10 lacs	INR 750 + Applicable GST
>INR 10 lacs & <INR 25 lacs	INR 1500 + Applicable GST
>INR 25 lacs	INR 2500 + Applicable GST

Foreclosure charges/ Prepayment charges*

Applicable for	Applicable Charges
All Retail Agri customers	Up to 4% of the total sanction limit + applicable GST, if closed within 3 years from 1^st disbursement date

Commitment Charges**

Applicable for	Applicable Charges
For all progressive farmers	2% of the Sanction Limit+ Applicable GST

ROI Type Change/ Conversion Charges

Applicable for	Applicable Charges
For Indus KCC - CC/OD: 1. Up to 10 lakhs	INR 1000+GST
2. >10 lakhs up to 25 lakhs	INR 2000 + GST
3. >25 lakhs up to 50 lakhs	INR 3500 + GST
4. >50 lakhs	INR 5000 + GST
For Indus KCC – TL	0.25% of principal outstanding + applicable GST

Documentation Fee***

Applicable for	Applicable Charges
All Retail Agri customers	INR 500 + Applicable GST

*NIL Foreclosure/prepayment charges in case of loan closure after 3 years of loan disbursement.

**Commitment charges will be application at quarterly interval if Minimum average quarterly utilization requirement in all progressive farmers is less than 70%of sanction limit.

***Documentation fee will be charged in addition to TSR/ legal charges, as mentioned in sanction terms and conditions.

Other Charges – Including stamp duty, valuation charges and other incidental expenses will be borne by the customer at actuals.

Eligibility Criteria of Agri Loan

Any Indian Farmer within age group of 18-70 years
The borrower(s) must be engaged in agriculture or agri-allied activities
The borrower(s) or guarantor should not have been reported as ‘Defaulter’ as per the CIBIL report/RBI Defaulter List.