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Farm House Loan

Farm House Loan is a type of loan provided to individuals or entities for the purchase, construction, or renovation of a farmhouse. A farmhouse is typically a property located in rural or semi-rural areas, often used for agricultural purposes or as a retreat. These loans are offered by banks and financial institutions to help borrowers own or construct farmhouses on agricultural land.

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Acceptance Criteria

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  • The borrower should be an individual (or a group) with a legal interest in agricultural land where the farmhouse is planned.
  • Most banks require the borrower to be at least 21 years old and no older than 60-65 years by the time of loan maturity.
  • The borrower must also meet income criteria and have a stable income source.
  • A good credit score (usually 650 or higher) is important for approval.
Loan Amount Offer
Loan Amount Offer upto : 5 crore
Rate of Interest(%)
Minimum ROI Start From : 10.50 % P.A.
Maximum ROI : 16.00 % P.A.
Tenure
Minimum Tenures : 12 Months
Maximum Tenure : 240 Months
Documents Required for Loan
Individual & Salaried Employee Self & Professional Employee Company Pvt. Ltd. & Public Ltd.
Primary KYC: Aadhaar Card, PAN Card Applicant KYC: PAN Card, Aadhaar Card Director & Partners KYC: PAN Card, Aadhaar Card, Voter ID
Co-Applicant KYC: Aadhaar Card, PAN Card, Voter ID Card Co-Applicant KYC: PAN Card, Aadhaar Card, Voter ID Company Certificates: CRC Certificate, TAN Certificate, Company PAN Card, Directors DIN Certificate, Board Resolutions, Shareholding Pattern, Partnership Deed
Income Proof: Last 3 months’ salary slip Income Proof: Last 2 years financial return, GST Return (3RB) Income Proof: Last 2 years financial return,  GST return of company
Residence Proof: Aadhaar Card, Voter ID, Electricity Bill, Rent Agreement, Gas Receipt, Post Mobile Bill, Property Tax Residence Proof: Aadhaar Card, Election Commission Card, Driving License, Gas Receipt, Passport, Rent Agreement (Any One) Residence Proof: Aadhaar Card, Election Commission Card,
Driving License, Gas Receipt, Passport, Rent Agreement (Any One)
Bank Statement: Last 6 months' bank statement Banking: Last 1 year bank statement (Current/Savings Account) Banking: Last 1 year bank statement (Current Account)
Photograph: Live photo Photograph: Live photo Photograph: Live photo
Business Documents: N/A Business Proof: Trade License, Shop Act, GSTN Certificate,
Food License, Business License, MSME Certificate, etc.		 Business Proof: Trade License, Shop Act, GSTN Certificate, Food License, Business License, MSME Certificate, etc.
Property Documents: Registry Copy, Property Transfer Certificate,Link or Chain Registry, Property Tax Receipt, Map of Property, TNCP Certificate, Building Permission, etc. Property Documents: Registry Copy, Property Transfer Certificate,Link or Chain Registry, Property Tax Receipt, Map of Property, TNCP Certificate, Building Permission, etc. Property Documents: Registry Copy, Property Transfer Certificate,Link or Chain Registry, Property Tax Receipt, Map of Property, TNCP Certificate, Building Permission, etc.
Golden Features and Benifits
  • Affordable Financing: It allows individuals to buy or build a farmhouse at an affordable interest rate, with the option of paying in installments over a long tenure.
  • Tax Advantages: Borrowers can enjoy tax benefits on the interest and principal repayment, reducing the overall financial burden.
  • Personal Use or Investment: A farmhouse can be used for personal leisure, as a vacation home, or as an investment in agricultural activities.
  • Lower Interest Rates: Farmhouse loans typically have lower interest rates compared to personal loans, making them more cost-effective.