FAQs & Support

The Kisan Suvidha Plus Loan is a pre-approved loan given to farmers with an existing loan and have a good repayment record. It provides quick access to additional funds for agricultural needs. With loans sanctioned in 24 hours* and disbursed within 48 hours*, this loan supports farmers in managing their expenses effectively. The process is entirely digital, enhancing convenience and efficiency.

The Kisan Suvidha Plus Loan is available to farmers and agricultural stakeholders with an existing Kisan Suvidha Loan with L&T Finance and can be used in areas where they require financial support to enhance their farming operations.

Yes, there is a processing fee for the Kisan Suvidha Plus Loan, which is up to 2% of the loan amount plus applicable taxes.

Currently, the Kisan Suvidha Plus Loan does not offer specific tax benefits. However, it is recommended that you consult a tax advisor to explore potential deductions related to agricultural loans.

The fees and charges for the Kisan Suvidha Plus 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 processing for the Kisan Suvidha Plus Loan is quick. The loan is sanctioned in 24 hours* and disbursed within 48 hours*, allowing farmers to access funds swiftly.

Yes, you can prepay your Kisan Suvidha Plus Top-up Loan. However, a foreclosure charge of 2% of the principal outstanding plus applicable taxes will apply.

While there is no specific credit score requirement for the Kisan Suvidha Plus Loan, having a good credit history can increase your chances of loan approval.

The maximum loan amount available under the Kisan Suvidha Plus Loan is ₹ 3,50,000.