Topics
- All
- Agri-Implement Loan(FL)
- Area Conversion Calculator
- Balance Transfer
- Balance Transfer(LAP)
- BL Eligibility Calculator
- BL Emi Calculator
- BL Interest Rate
- BL Required Documents
- Business Loan
- Charted Accountant Loan
- Doctor Loans
- Farm Loan
- Final HL Foreclosure
- FL Eligibility Calculator
- FL Emi Calculator
- FL Interest Rate
- FL Required Documents
- General Insurance
- Gold Loan
- Health Insurance
- HL Eligibility Calculator
- HL Emi Calculator
- HL Interest Rate
- HL Prepayment Calculator
- HL Required Documents
- Home Decor Finance
- Home Loan
- Home Loan Amortization Calculator
- Home Loan Balance Transfer calculator
- Home Loan Balance Transfer Documents
- Home Loan Fees and Charges
- Home Loan Prepayment
- Home Loan Tax benefits calculator
- Kisan Suvidha (Top Up)
- Kisan Suvidha Plus
- LAP Balance Transfer Calculator
- LAP Eligibility Calculator
- LAP Emi Calculator
- LAP Foreclosure Calculator
- LAP Interest Rate
- LAP Prepayment
- LAP PrePayment Calculator
- LAP Required Documents
- LAP Tax Benefit
- Life Insurance
- Loan Against Property
- Loan Against Property Fee and Charges
- Micro LAP
- ML Eligibility Calculator
- ML Emi Calculator
- ML Interest Rate
- ML Required Documents
- New Tractor loan
- Personal Loan
- Personal loan Fees and Charges
- PL Eligibility Calculator
- PL Emi Calculator
- PL for Salaried Employees
- PL for Self Employed
- PL Foreclosure Calculator
- PL Interest Rate
- PL PrePayment Calculator
- PL Required Documents
- PL with PAN Card
- Pragati Loan
- Professional Loan
- Refinance Loan
- Rural Loan
- SME Loan
- SME Loan Fees And Charges
- Supply Chain Finance
- Top Up
- Top Up(LAP)
- TW Eligibility Calculator
- TW Emi Calculator
- TW Interest Rate
- TW Required Documents
- Two Wheeler Loan
- Two Wheeler Loan Fee and Charges
- Vikaas Loan
- Vishwas Loan
- Warehouse Receipt Finance(FarmLoan)
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. The process is entirely digital, enhancing convenience and efficiency.
The Kisan Suvidha Plus Loan is available to farmers and agricultural stakeholders who have their existing Kisan Suvidha Loan with L&T Finance. The loan can be used 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.
To apply for a Kisan Suvidha Plus 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.
The maximum loan amount available under the Kisan Suvidha Plus Loan is ₹ 3,50,000.
