Many Public sector and Private sector banks in India provide Special Home Loan Scheme for Agriculturists, The key features of the loan are as follows
Home loans in residential areas of Villages
Loans for farmers to buy or construct houses/apartments in several of cities and towns of their choice.
No mandatory requirement of Income Tax Returns from farmers applying for home loans.
Loan eligibility on the basis of agricultural land owned and the kind of corps being cultivated by farmers.
No mortgage of agricultural land required for the purpose of home loans.
No such documents required compare to businessmen home loan.
Home loans in residential areas of Villages
Loans for farmers to buy or construct houses/apartments in several of cities and towns of their choice.
No mandatory requirement of Income Tax Returns from farmers applying for home loans.
Loan eligibility on the basis of agricultural land owned and the kind of corps being cultivated by farmers.
No mortgage of agricultural land required for the purpose of home loans.
No such documents required compare to businessmen home loan.