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Land Loans |
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In order to procure land in India, of all the formalities that you ought to go through, one of them is applying for a loan. Get all the details pertaining to Land Loans from Indiahousing. As it appears, a host of companies have come to rule the market, with the government liberalizing its policies, as well as taking the initiative to grant advances.The State Bank of India grants loans to small and marginal farmers / landless laborers for purchase of agricultural land. Landless agricultural laborers, with record of prompt repayment of loans, are eligible to avail this loan, amounting to almost Rs.5 lac. The credit facilities for maturity of land, irrigation facilities and for cultivation of crops will also be available. A farmer will be required to contribute minimum 15% of total cost as margin from his own resources. | |
| Advance a Housing Finance Company like nationalized and private banks with the salary slips of the last financial years of yourself and your co-applicant, if any. It is advisable to visit more than one company since you are likely to get better terms/ larger amounts if you shop for the best deal. Visit Indiahousing for information on Land Loans.
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