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

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.

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.

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