Lift Irrigation System Finance

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Lift Irrigation System Finance

A medium term to long term loan facility provided to farmers seeking financial assistance in the purchase and installation of pipeline (from JISL) as well as Motor pump

Maximum Tenure
60 Months

Interest Rate
17%

Processing Fees
1% + GST

Features and benefits

Financing the cost of purchase of pipes and motor pumps

Cutomized
Repayment

In single or multiple instalments in accordance with the crop cycle and decided on a case to case basis by SAFL

Easy
Application

We provide door-to-door service so that you can submit your application from the home. SAFl sales executives are their across 74 branches

Flexible Tenure

The tenure and other product features will vary on the basis of crop; however maximum tenor for this product will be for 5 years.

Eligibility Criteria

Farmers with strong credit record

  • Minimum land holding of 2 Acre (only for pipes & accessories) and no minimum landholding in case of motor pumps
  • Age of applicant should be minimum 22 years old at the time of sanction and should not be more than 60 years old at the time of end of tenor of loan
  • Loan instalment to Total income ratio should not be more than 70%

Documents Needed

The document required to apply for Loans are easy to obtain. It's best to gather all loan against property documents before you submit your loan request. Indicated below is the list of documents required to avail a loan against property.

Photo Identity Proof

  • Aadhar card
  • Voter id
  • Valid passport
  • Updated Bank passbook with Photo attestation by nationalized bank/Pvt Bank
  • PAN Card
  • ID Proof issued by Panchayat
  • Gram Sevak

Address Proof

  • Aadhar card
  • Ration card
  • Voter id
  • Electricity bill
  • Valid passport
  • Rahivashi Dhakla issued by sarpanch of the village
  • Updated Bank passbook of nationalized bank/Pvt Bank with same address
  • Address proof issued by Gram Sevak

Income Proof

  • Latest Saving account passbook for the past 6 months.

Property/farming land Document

  • Original 7/12 extract
  • 8Aextract
  • Ferfar (6D)
  • Boundary map from Talati/self- attested by farmer
  • Govt valuation report from sub-registrar office
    • market valuation report
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Corporate Office:

Sustainable Agro commercial Finance Ltd, 1st Floor, Marshall Building, Shoorji Vallabhdas Marg, Ballard Estate, Fort,
Mumbai - 400001
Boardline: 022-22101111 / Fax No.: 022-22105555

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