Topics
- All
- Agri-Implement Loan(FL)
- Balance Transfer
- Balance Transfer(LAP)
- Business Loan
- Charted Accountant Loan
- Doctor Loans
- Farm Loan
- General Insurance
- Health Insurance
- Home Decor Finance
- Home Loan
- Kisan Suvidha (Top Up)
- Kisan Suvidha Plus
- Life Insurance
- Loan Against Property
- Micro LAP
- New Tractor loan
- Personal Loan
- Pragati Loan
- Professional Loan
- Refinance Loan
- Rural Loan
- SME Loan
- Supply Chain Finance
- Top Up
- Top Up(LAP)
- Two Wheeler Loan
- Vikaas Loan
- Vishwas Loan
- Warehouse Receipt Finance(FarmLoan)
The Kisan Suvidha Loan is a top up pre-approved loan for our existing customers from New Tractor loan. The loan offer is based on the customer's repayment track record and ranges up to ₹ 3.5 Lakh*. Our fully digital application process, provides hassle-free and quick access to loans tailored to the unique needs of the farming community.
To apply for a Kisan Suvidha Loan, follow these steps:
- Select EMI and tenure
- Complete KYC verification.
- Upload asset details.
- Add a co-applicant if needed.
- Choose insurance options.
- Provide bank details for e-signing.
Any customer of L&T Finance Tractor loan looking for financial assistance to support their farming activities can avail the Kisan Suvidha Loan.
Existing L&T Finance New Tractor Loan customer with good repayment record are eligible, other eligibility criteria are:
Age Eligibility : 18 to 65 years
Asset Age : Maximum of 10 years at the end of loan tenure
Top up Eligibility : Already a part of New Tractor loan from L&T Finance
Yes, there is a documentation charge of up to 2% of the loan amount plus applicable taxes for processing your application for the Kisan Suvidha Loan.
Currently, no specific tax benefits are mentioned for the Kisan Suvidha Loan. However, consulting with a tax advisor for potential deductions applicable to agricultural loans under relevant tax laws is advisable.
The fees and charges for the Kisan Suvidha Scheme include:
Documentation Charge: Up to 2% of the loan amount + applicable taxes
Prepayment Charge: 2% of principal outstanding + applicable taxes
Valuation Charges: As per actuals
Late Payment Charge: 2% per month on overdue EMI + applicable taxes
Repayment Mandate Bounce Charges:
- < ₹ 5 Lakh: ₹ 500
- ₹ 5 - ₹ 50 Lakh: ₹ 1,000
- ₹ 50 Lakh – ₹ 2 Crore: ₹ 1,500
- ₹ 2 Crore: ₹2,000
RC Non-submission Charges: ₹ 1,000
Duplicate NOC Charges: ₹ 1,000 + applicable taxes
Repayment Swap Charges: ₹ 500 + applicable taxes (only for branch walk-ins)
Document Charges (e.g., Statement of Account): Nil
The Kisan Suvidha Loan is sanctioned up to 24 hours* and disbursed within 48 hours*, allowing farmers to quickly access the funds they need.
Yes, you can foreclose your Kisan Suvidha Top-up Loan. However, you will be charged 2% of the outstanding principal amount plus applicable taxes.
While there is no specific credit score requirement for the Kisan Suvidha Loan, having a good credit history can increase your chances of loan approval.
