Land Reclamation and Development | Union Bank of India

You are here :

Products

Personal

Land Reclamation and Development

LAND RECLAMATION & DEVELOPMENT

Features

Loan for Land Reclamation and Development provides hassle-free finance for land leveling, reclamation, bunding, and other soil conservation developmental activity.

Eligibility:-

Farmers having own land or cultivating Registered leased land.

Quantum of loan:-

As per NABARD, the quantum of loan depends on the unit cost with applicable margins.

Margin:-

Up to Rs.25,000                                            -- Nil
Above Rs. 25,000/- and upto Rs. 50,000/-       -- 5 to 10 %
Above Rs. 50,000/-                                       -- 10% to 15%.

Rate of Interest And Processing charges:-

Please click here to know our latest rate of interest

Security Documents

DPN, Mortgage of Land and/or third party guarantee.

Repayment:-

3 to 5 years (Moratorium is permitted, to coincide with harvesting of crops/marketing of produce).