Agri Project Loan
Benefit from our innovative approach of developing financial solutions.
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Project Assessment capability
Our range of products and services is geared to deliver to the needs of every type of agri business across even non-metro locations over the country. Who can avail of these solutions?
Now receive long term financing for any land based Agriculture or allied activity from Kotak Mahindra Bank Agri Business Group. You can benefit from our innovative approach of developing financial solutions for each project based on in-depth analysis of the business need and growth objective.
What type of agri projects do we finance
You can receive funding for development of new projects backed by experienced promoters or also apply for a takeover or refinancing of partly/fully developed projects subject to terms.
The range of products available under agri project finance includes:
|Type of charges||Agri Business|
|Documentation charges||Upto Rs. 5,000|
|Stamping Charges||At Actuals|
|Service Charges / Processing Fee||upto 2% of limit for TL & 1% for WC|
|Overdue Interest||3% of Overdue Amount, compounded monthly|
|Collection charges||30% of penal and cheque bouncing charges|
|Dishonour charges per Instance||Rs. 750|
|Swap Charges (Replacement of PDCs)||Upto Rs. 500 per Swap per Instance|
|Foreclosure Charges||3% of Principal Outstanding as per reducing balance method on the date of repayment|
|Charges for furnishing a copy of credit rating report (CIBIL) to the applicant||Rs. 50|
|Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA
/ Amortization Schedule)
|Issuance of credit solvency certificate of the customer||Rs. 5,000|
|Loan Cancellation charges||Rs. 2,500 per agreement|
|Duplicate Foreclosure statement charges||Rs. 500|
|Rebooking charges||Rs. 2,500|
|Credit Administration charges||Nil|
|Change in Installment due date||Rs. 1,000|
|Change in property / Asset / Collateral||Rs. 2,000|
|Part release of collaterals||Rs. 3,000 per property|
|Valuation charges||Within city - Rs. 1,500/- per property Outside city - Rs. 2,000/- per property|
|Title Clearance Charges||At Actuals|
|Mortgage Charges||At Actuals as per state laws|
|Stock audit charges||Rs. 5,000 per audit|
|Minimum limit utilisation charges||Rs. 10,000|
|Minimum churning||Rs. 10,000|
|Minimum TBC maintenance||Rs. 10,000|
|Stock statement delays||Rs. 5,000 per delay pm beyond 15th of the next month|
|Stock insurance policy delays||Rs. 5,000 per delay beyond 15 days of expiry of cover|
|Collateral Management Agency charges||1% of utilisation or Rs. 35,000/- per location pm.|
There are a list of practices you need to do to optimize your agribusiness. How many do you follow.