What are the key benefits of SBI Credit Cards?

SBI Credit Cards offer a wide range of benefits, including rewards, cashback, lounge access, discounts, and insurance coverage.

How can I apply for an SBI Credit Card?

You can apply for an SBI Credit Card online through the Paisabazaar platform, where you can compare card options and check for pre-approved offers.

What factors should I consider when choosing an SBI Credit Card?

Consider your spending habits, lifestyle, and financial goals to select a card that best suits your needs, such as travel, shopping, or rewards.

How can I manage my SBI Credit Card efficiently?

SBI Card offers a user-friendly mobile app and online banking services to help you manage your card, check statements, make payments, and access additional features.

What precautions should I take to avoid accumulating credit card debt?

Responsible credit card usage includes paying bills on time, managing credit limits wisely, and avoiding unnecessary spending to prevent debt accumulation.

Trusted by 1L+ Indians

Want to Achieve any of the below Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 1L+ Indians

Want to Achieve any of the below Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below
Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below
Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Trusted by 3 Crore+ Indians

Want to Achieve any of the below Goals upto 80% faster?

Dream Home

Dream Wedding

Dream Car

Retirement

1st Crore

Kisan Credit Card Interest Rate - Paisabazaar.com - 17 June 2024

Home

Blog

Kisan Credit Card Interest Rate - Paisabazaar.com - 17 June 2024

Jun 18, 2024

15 Mins

Kisan Credit Card is a government scheme launched by the Government of India to provide financial assistance to small and marginal farmers. This scheme aims to protect farmers from moneylenders who charge high interest rates. Under the Kisan Credit Card Scheme, farmers can avail loans at low interest rates and also receive interest subvention on making timely payments.

The interest rates for Kisan Credit Card vary from bank to bank. Some of the top banks offering Kisan Credit Card are SBI, PNB, HDFC Bank, Axis Bank, Mahabank, Indian Overseas Bank, and UCO Bank. Factors affecting the interest rate include loan amount, prompt payment, and regular payment.

The Kisan Credit Card scheme offers various features and benefits including low interest rates, no collateral/security requirements for loans up to Rs. 1.60 lakh, insurance coverage, repayment period based on crop harvesting and marketing period, and the ability to use the account as a savings account.

To apply for Kisan Credit Card, applicants can apply online through the bank's website or visit the nearest bank branch. Important documents required for a Kisan Credit Card include proof of identity, proof of address, and proof of income. The tenure of the Kisan Credit Card loan varies from bank to bank, with a maximum tenure of 5 years.

The scheme is offered by various banks including State Bank of India, Punjab National Bank, HDFC Bank, Axis Bank, among others. Some frequently asked questions about Kisan Credit Card include eligibility criteria, insurance coverage, loan activities, tenure, security/collateral requirements, and application process.