Crop Loan

1. Compare all the lenders and the rates that the lender is providing for the crop loans. Look into private sector as well as specified organisations.
2. Based on your initial check, choose certain lenders and make a list so that you know who to approach for different purposes.
3. Run a background checks on the lenders and look into their financial stability and those who have a good customer service.
4. Approach a lender and get a quote and then approach the remaining lenders and try to negotiate the rates.
5. Choose a lender that is understanding of your situation and who is willing to go out of his way to help you.
6. Prepare a document that includes details of your previous performance of the crop that you wish to use as a collateral to avail the loan. You must include information on your asset, current liabilities and other relevant information. Include information that may have negatively impact your crop production as well.
7. Finally submit the application along with the required documents.

In India, the following banks offer Crop Loans

1. Union Bank of India
2. IDBI Bank
3. State Bank of India
4. HDFC Bank
5. UCO Bank
6. Axis Bank
7. Bank of Baroda
8. Bank of India
9. Bank of Maharashtra
10. Canara Bank
11. Central Bank of India
12. Corporation Bank
13. Dena Bank
14. Indian Bank
15. Indian Overseas Bank
16. Oriental Bank of Commerce
17. Punjab and Sind Bank
18. Punjab National Bank
19. United Bank of India

The following Cooperative Banks offer Crop Loan Schemes

1. National Bank for Agriculture and Rural Development
2. Bihar State Co-operative Bank Limited
3. Haryana State Co-operative Apex Bank Limited
4. National Federation of State Co-operative Banks Limited
5. Odisha State Co-operative Bank Limited
6. Repatriates Co-operative Finance and Development Bank Limited
7. Punjab State Cooperative Agriculture Development Bank Limited
8. Andhra Pradesh State Cooperative Bank Limited

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