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Land purchase Loan
Finance farmers to purchase, develop and cultivate agricultural as well as fallow & waste lands.
Disclaimer
By clicking the link you will be redirected to the website of the third party. The third party website is not owned or controlled by Bank of India and contents thereof are not sponsored, endorsed or approved by Bank of India. Bank of India does not vouch or guarantee or take any responsibility for any of the contents of the said website including transactions, product, services or other items offered through the website. While accessing this site, you acknowledge that any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk and consequences.
The Bank of India and its affiliates, subsidiaries, employees, officers, directors and agents shall not be liable for any loss, claim or damage whatsoever including in the event of deficiency in the service of such third party websites and for any consequences of error or failure of internet connection equipment hardware or software used to access the third party website through this link , slowdown or breakdown of third party website for any reason including and resulting from the act or omission of any other party involved in making this site or the data contained therein available to you including for any misuse of the Password, login ID or other confidential security information used to login to this website or from any other cause relating to your access to, inability to access, or use of the site or these materials in accordance thereto Bank of India and all its related parties described hereinabove stand indemnified from all proceedings or matters arising thereto.
By preceding further to access the said website it is presumed that you have agreed to the above and also the other terms and conditions applicable.
- Longer repayment terms
- Attractive Rate of interest.
Security
The land purchased out of bank finance to be mortgaged in favour of the Bank
TAT
Disclaimer
Disclaimer
| Upto Rs.160000/- | Above Rs.160000/- |
|---|---|
| 7 business days | 14 business days |
* TAT will be counted from the date of receipt of Application (complete in all respects)
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
- The objective of the scheme is to finance farmers to purchase, develop and cultivate agricultural as well as fallow & waste lands.
- Establishing/ diversifying into other allied activities.
Quantum of finance
- Depends on area of land to be purchased and its valuation and also development cost
- The last 5 years average registration value available with the Registrar/ Sub-Registrar of the areas and a view taken by the Bank
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
- Small & marginal Farmers i.e. those who would own maximum of 5 acres of non-irrigated land or 2.5 acres of irrigated land including purchase of land under the scheme. Share Croppers and tenant farmers can also be eligible under the scheme.
- Women/ SHG members
- Purchase of land within the village boundary or in a radius of 3 to 5 kms. allowed
Before applying you must have
- KYC documents (identity proof and address proof)
- Income related documents
- Statutory permissions
- Complete details of the project proposal
- Documents related to land proposed to be purchased.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
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