Dairy farming is one of the most significant contributors to the Indian GDP, being a primary income source for approximately 30 million people. Bajaj Finserv offers a hassle-free dairy farm loan of up to Rs. 45 lakh at affordable rates of interest to fund the urgent expenses of your growing dairy business.
In a dairy farm business, entrepreneurs are likely to incur expenses like acquiring raw materials, supplementing the manufacturing process, product processing, storage and warehousing, etc. A dairy farm business loan of up to Rs. 45 lakh that comes with quick approval can help farmers, business owners, and dairy societies meet such expenses with ease.
With an easy and quick business loan of up to Rs. 45 lakh, you can now invest in modernising the dairy farm infrastructure.
Get quick approval in just 24 hours on a dairy farm loan online application and fulfil your business needs instantly.
Dairy farm loan from Bajaj Finserv also comes with a Flexi-loan facility, you can withdraw funds from a pre-sanctioned credit limit as and when needed. Interest is charged only on the amount withdrawn and not on the total loan sanctioned. You may choose to pay interest-only EMIs for the initial part of the tenor and reduce your monthly instalment by up to 45%*.
A dairy project loan is collateral-free, which means even first-time business owners can get funds without pledging a personal or business asset as collateral.
Individuals and entrepreneurial groups can fulfil simple eligibility criteria and qualify for a quick and hassle-free dairy loan. Following are the factors that determine the dairy loan eligibility of an applicant:
Bajaj Finserv offers competitive rates of interest on an MSME loan for dairy farm. The latest fees and interest charges are listed in the table below:
|Interest rate||18% p.a. onwards|
|Processing charges||Up to 2% of corpus + taxes|
|Bounce charges||Up to Rs. 3000|
|Default penalty||2% p.m.|
|Document processing charges||Rs. 2000 + taxes|
|Outstation collection charges||N.A.|
|Document and statement charges||Download e-statements at no additional cost from our customer portal - Experia. Obtain a physical copy of loan documents from our branches at just Rs. 50 per certificate.|
You can apply for a dairy farm loan online from our official website after meeting the simple eligibility criteria. The process for the same is as follows:
You can get an unsecured business loan of up to Rs. 45 lakh to finance your dairy. This amount can help you cover various expenses such as setting up a new farming unit, modernising infrastructure, buying cattle, transportation, storage, and warehousing.
Individuals starting a new dairy farm will need to cover expenses, including establishing a new unit or expanding an old farming unit, purchasing new equipment, rearing calves and cross-breeds, constructing shelves, etc. These costs can range anywhere in the range of Rs. 10 lakh or above. You can avail of a dairy farm loan of up to Rs. 45 lakh from Bajaj Finserv that can help comfortably meet such expenses.
Bajaj Finserv's foreclosure charges on a dairy farm business loan are nominal. In the case of a normal term loan, you have to pay 4% (plus taxes) on the outstanding loan amount on the date of such a prepayment. If you have opted for a Flexi loan facility, you have to pay 4% (plus taxes) on the total withdrawable amount as per the repayment schedule on the date of such a prepayment. For more information about the applicable rates and charges, click here.
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