Name: Kisan Suvidha Top up Plus Loan
Brand: L&T Finance
Rating: 5 (10 reviews)

Secure a top-up loan for an amount up to ₹ 3.5 Lakh with the Kisan Suvidha Top-Up Plus Loan. We offer an annual interest rate starting from 10%* p.a., with repayment options based on your crop cycles and harvesting schedules. This Kisan Suvidha Top-Up Plus Loan for farmer needs is designed with a transparent process, ensuring there are no hidden charges. Whether you need funds for equipment purchases or operational costs, you can apply for this Kisan Suvidha Top-Up Plus Loan online to support all your farming needs.

Features & Benefits
EMI Calculator
Documentation
Eligibility
Fees & Charges
Frequently Asked Questions

Pre approved loans

Kisan Suvidha plus is an additional top up on your existing KS Loan

Loan Offering

Get a personalised Loan offerings up to ₹ 3.5 Lakh*

Competitive Interest Rate

Repay your loan with EMIs, interest rate starting from 10%* p.a.

Loan Tenure

Flexible repayment option with a tenure from 12 to 60 months*

No Hidden Charges

Start to finish, our Loan has a transparent process

Minimal Documentaion

Our easy application process requires no physical documents

Faster Disbursement

Receive your loan amount within 48 hours*

Digital Journey

Our fully digital loan application process makes getting Kisan Suvidha Plus Loan quick and convenient

Kisan Suvidha Top-Up Plus Loan EMI Calculator

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹

₹1,00,000

₹3,50,000

Flat rate

10%

19%

Loan tenure (months)

12 months

60 months

Estimated EMI

per month

₹ 36,690
Interest payable
₹52,41, 690

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Eligibility & Documents Required for Kisan Suvidha Top-Up Plus Loan

Eligibility for Kisan Suvidha Plus Top-Up Plus Loan

Age Requirement:

18 years to 65 years

Asset Age:

Maximum up to 10 years (at the end of loan tenure)

Top Up Eligibility:

As per your Kisan Suvidha Loan

Documents Required for Kisan Suvidha Top-Up Plus Loan

Identity Proof

Aadhaar | PAN card | Voter ID | Driving License |Passport

Address Proof

Kisan Suvidha Top-Up Plus Loan Fees And Charges

List of all fees and charges for Kisan Suvidha Top Up Plus

Processing Fee
New Tractor & Implement - Up to 1% of the loan amount or Rs. 30,000 whichever is lower + applicable taxes
Kisan Suvidha - Up to 2% of the additional loan amount or Rs. 10,000 whichever is lower + applicable taxes
Used/Preowned Tractor & Refinance - Up to 2% of the loan amount or Rs. 10,000 whichever is lower + applicable taxes
Trade advance – Up to 2% of sanction amount + applicable taxes
Prepayment/ Foreclosure Charges
Up to 2% of principal outstanding + applicable taxes
Asset valuation and verification Fee
Up to Rs.1,200/- + applicable taxes
Penal Charge/Late Payment Charge (LPC):
Up to 2% per month (p.m.) on overdue EMI + applicable taxes
Trade advance – Up to 2% per month (p.m.) on overdue amount + applicable taxes
EMI Dishonour/Bounce Charge*
*A bounce charge is a charge for
(i) dishonour of any repayment instrument; or
(ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate
As shown in the table below

Loan sanction amount (in INR)

Charges in (in INR)

< 5 lacs

Up to ₹ 500

5 – 50 Lacs

Up to ₹ 1000

>50 Lacs – 2 Cr

Up to ₹ 1500

>2 Cr

Up to ₹ 2000

RC Non submission Charges:
Up to Rs.1000/- per month post 120 days + applicable taxes
Document retrieval / Duplicate NOC charges
Duplicate NOC: Up to Rs. 1000/- + applicable taxes (charge is applicable post 3 free copies)
Repayment instrument swap Fee (per swap)
Up to Rs. 500/- + applicable taxes (Applicable only for branch walk-ins)
Part-prepayment charges
Up to 2% of part prepayment amount + applicable taxes
Field collection service charges
Up to Rs.500/- per collection + applicable taxes
Legal fees and charges
As per actuals or Up to Rs. 30,000/- whichever is lower + applicable taxes
Recovery charges
As per actuals or Up to Rs. 1,00,000/- whichever is lower + applicable taxes
Auction fees
Up to 1% of auction sale amount+ applicable taxes

Seamless Loans, Simplified Experience

Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More

How to Apply for Kisan Suvidha Top-Up Plus Loan Online?

Apply for Kisan Suvidha Top Up Plus with these steps

FAQs & Support

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Is a credit score required to avail Kisan Suvidha Plus Loan?

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.

Are there any tax benefits for the Kisan Suvidha Plus Loan?

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.

Who can avail of a Kisan Suvidha Plus Scheme?

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.

Can I prepay my Kisan Suvidha Plus Top-up Loan?

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.

What is Kisan Suvidha Plus Loan?

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.

Will there be a processing fee for Kisan Suvidha Plus Loan?

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

Can I use a Kisan Suvidha Plus Loan for agricultural purposes?

The Kisan Suvidha Plus Loan is intended specifically to fund agricultural activities and can be utilised for a variety of farming-related expenses.

How can I apply for a Kisan Suvidha Plus Loan?

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.

What is the maximum tenure I can avail myself as a farmer?

The maximum tenure for the Kisan Suvidha Plus Loan is up to 60 months, allowing easy repayment.

What documents are required for the Kisan Suvidha Plus Scheme?

When applying for a Agri Implement Loan, the required documents include:

ID Proof: Aadhaar/ PAN card / Voter ID / Driving License /Passport
Address Proof: Aadhar / Voter ID / Driving License /Passport / Latest telephone bill (landline) / Latest electricity bill / Latest bank account statement
Other Documents: ACH/ECS Mandate

Explore all FAQs

Farmer Loan

Having a good track record, LTF provided me with a pre-approved loan which was a huge help to my business. The FLS assisted me personally; he answered all queries. My loan was disbursed within 24 hours. I will recommend LTF to my friends & family and will prefer L&T Finance for future loan requirements.

Akshay Kumar Jha

Location here

Farmer Loan

Sanjay

Location here

Farmer Loan

My friend recommended LTF since they provide tractor loans at a lower interest rate than others, the loan process is simple, no physical documentation is required, payment was deposited the same day and I received the tractor within a week. My agricultural business has really improved thanks to the LTF.

Narayana G

Telangana

Farmer Loan

L&T Finance has supported me as a farmer since 2014, helping me finance two tractors and essential equipment. With flexible, crop-based repayments and easy EMI tracking on the PLANET App, my life has been easy. L&T Finance truly empowers us to grow better and manage finances seamlessly.

Satish Hisar

Beri, Haryana

Farmer Loan

As a third-generation farmer, owning a tractor with L&T Finance's support has transformed our work. The fully digital process made it easy, with swift disbursement and flexible repayment options like EMI Protect. Now, our costs are lower, and farming is efficient. Truly, L&T Finance supports farmer prosperity.

Hardeep Soora

Hisar, Haryana

Farmer Loan

When I decided to buy a tractor, I spoke to the L&T Finance official. After all the documentation, I got approval of my loan with 2-3 days. I didn’t have to go anywhere and yet my loan got sanctioned.

Bherulal Chaudhary

Ratlam, MP

Farmer Loan

The L&T Finance officer came home and did all the application formalities online and instantly got approval for the loan. Our EMI is in accordance with our harvesting cycle. They gave us the best interest rate and fulfilled our financing requirements.

Mr. Balu Hari Pawar

Maharashtra