Will you please get some details about State Bank Of India land Loan scheme so that I can check it and apply easily?

I will help you here to get the details about State Bank Of India land Loan scheme so that you can go through it easily.

Eligibility

Small & Marginal Farmers owning less than 5 acres of unirrigated / 2.5 acres of irrigated land in their own names, landless agricultural labourers.

The borrowers should have a record of prompt repayment of the loan for at least two years.

Good borrowers of other Banks are also eligible provided they liquidate their Outstanding to other banks.

Loan amount:
Loan may be considered for:
Cost of land
Provision of irrigation facilities & land development (shall not exceed 50% of the cost of the land).
Purchase of farm equipments.
Registration charges & stamp duty.

Loan amount will be 85 % of the cost of the land, as assessed by the bank, subject to the maximum of Rs 5 lakhs Security

Loan Repayment
Max. 9-10 years beginning after the expiry of gestation period, with half-yearly installments. Gestation period will be maximum of 1 year for the developed land and 2 years for the land to be developed.

Address:-
State Bank Of India
3rd Floor, G Block, Synergy Buidling, Bandra Kurla Complex-Bandra East, Mumbai - 400051, Behind National Stock Exchange

Phone:-
+(91)-80-26599990
18004253800,1800112211