Agricultural Loans

Agricultural Loans Detail

Agricultural business is a lot of hard work. Reduce some financial strain with flexible financing specific to your needs. We offer short and intermediate term loans for operating expenses, machinery, equipment, and livestock purchases—plus, financing for farmland, buildings, or other improvements.
Who understands your needs more than a locally based bank in your own backyard? Stop by for the attention you deserve.
Lenders to the agriculture industry have unique needs, including the ability to service loans featuring seasonal repayment options. The Nortridge Loan System is an excellent solution for agriculture industry lending. Our loan servicing software allows you to create custom, short-term loan programs with irregular loan payment schedules. This is perfect for seasonal loan programs that require payments for certain times of the year and then no payments during the off season. Nortridge can also easily be set up to do balloon payments, loans with default rates, and multi-step rates.
The recovery of loans in the banking industry is a legal issue. Once the loans are sanctioned and disbursed, no legal action is normally taken until the repayment is delayed or the accounts become NPAs.
But in a case where farmers were sanctioned loans by a district central co-operative bank through rural co-operative societies, Nabard raised objections about the sanctioning of the loans and later waiving them as per the Centre's loan waiver scheme implemented four years ago.

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