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Bank loan / financer

nar762003

Member
HI,

Does anyone know if bank loan is possible to buy an agri land. Im planning to buy around 6 acres of land in Hosur. Hence looking for financer.
 

HI,

Does anyone know if bank loan is possible to buy an agri land. Im planning to buy around 6 acres of land in Hosur. Hence looking for financer.

Hi,

As far as my understanding goes Banks today

1- Finance for the crop inputs.
2- Finance for a particular project that may involve even an agri project as business venture.
3- Finance on your current earnings as personal loan however the rate of interest is on the higher side.

So you need to decide what you want to do, in case you want to buy some agri land and do some kind of cultivation on that then you should make a company, then prepare a project report and get the funds from bank.

DO NOT FORGET TO CHECK WITH NARBAD in your area they would be most helpful.
 

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