NSE: 

Animal Husbandry Loan

Suitable for the purchase of assets / creation of assets/infrastructure relating to poultry, dairy development, piggery, sericulture, apiculture and fisheries development.

Animal Husbandry Loan

India always had been the goldmine of farm livestock resources and Animal Husbandry is an inevitable part of Agriculture. To boost the development in this area, Federal Bank offers loan for Animal husbandry allied activities.

  • Features & Benefits
  • How to apply ?
  • Documents Required
  • Repayment options
  • Other Terms & Conditions
  • Interest Rates & Charges
  • Quick loan processing
  • Loan amount up to 100 % of the cost of the asset / project cost*
  • Minimal paperwork
  • Longer repayment period up to 9 years
  • Loan is provided for the purchase of assets / creation of assets/infrastructure relating to poultry, dairy development, Piggery, Sericulture, Apiculture and Fisheries Development etc.
  • Generally disbursements are made directly to the suppliers as per the schedule set in the proposal.
  • Security for the loan will be Hypothecation of assets acquired/ Mortgage of land or Third party guarantee

*Conditions apply

Who can apply?

Persons taking up all kinds of activities under animal husbandry sector are eligible.

How to avail the loan?

 

To avail the loan, you can choose any of these:

  1. Download the application form and submit it your branch
  2. Call our contact centre executives
  3. Please visit any of our branches
  • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
  • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
  • Estimate/quotation for the assets to be acquired / created. Project report in the case of large projects.

Repayment of the loan can be made using any one of the ways:

  • Cheques
  • Automated loan recovery
  • Standing instructions at your branch
  • FedNet - Internet Banking
  • Automated Payment through ECS
     

Loan Amount

  • Up to Rs.50,000 - 100 % of the cost of the asset / project cost is provided as loan.
  • Above Rs 50,000 - up to 85 % of the cost of the asset/project is given as loan.

Security

 

Amount Security to be furnished
Up to Rs 50,000

i. Hypothecation of assets acquired.

ii. Mortgage of land or Third party guarantee

Above Rs 1,00,000

i. Hypothecation of assets acquired.

ii. Mortgage of land.

 

Please visit the Interest Rates page for details