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deep22

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wilmani said:
@ Sobardeep.... U told that we cant get education loan on agrcultural land... But i got education loan on agricultural lands only...
Hi Wilmani,
From which bank did you get education loan on agricultural land (land and bank location) ?
what documents did they asked and how much agri. land they ask for loan of what amount?
Please share your course name and duration and college applied. and time taken to get loan approved.
Please provide all info(your experience) regarding loan against agriculture land.
where are you from?
please reply soon.
thank you very much.
 

wilmani

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@Deep22 .... Actually i went UK for studies.. So before going UK i took a bank loan of 12 lakhs from State bank of India.
Its 6 acres of agrcultural land.... And its from a very small village as well..... U r saying it is 3 acres... So i think u can easily get 6 lakhs frm 3 acres of land. However, it depends upon the market valuation.... Cos as i took frm a small village the cost of the agricultural land is evaluated low. But if ur agri land is frm developed or developing area then u can even get more amount than 6 lakhs. So i advice u better contact a bank soon rather than keeping silent. The course if for masters in toxicology, University of East London, Uk. All you need is proper documents showing that u/ur dad owned that land. If u contact the bank they will let u know what else to be provided. I think its nt difficult to get a loan frm bank on agri land.... I got that in 6 weeks.... Hope this helps... If any questions, pls let me knw.... I can help u as much as i can.... Thanks ;D
 

peep

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hey deep n wilmani i think the better way of taking loan against f.d
i has a problem that i have to pay fee from loan will bank.will pay this some of the bank gave loan amount after visa??
 

soberdeepak

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Peep !! Bank will only disburse loan after u get Visa !!!
 

wilmani

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@peep... Yes, For UK i took the bank loan.....
But now for canada i am taking loan on F.D only which is very quick proces....
 

soberdeepak

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Wilmani !! SBP refused to give loan on Agri land, I've arnd 40 acres in Haryana and its value is in crores but still SBP said its against the rules as only agri loan can be taken and no other loan can be taken on agri land !!!
 

wilmani

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Oct 10, 2011
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@Sobardeepak... Sorry to hear that.... I dnt knw hw these banks work out.... I am frm andhra and i didnt get any problem taking loan on agri lands for my education... These banks some times set up their own rules.... I took frm SBI...