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Yes. Loans for purchasing land is available in banks in India. However, the loan amount is usually only around 50-60% of the land value. In case of houses or property banks offer upto 85% funding whereas for land the % is much lesser.

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13y ago

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Whether banks can give loan on agricultural land in India?

i am not sure about it but today i went to the bank for the same as i also needs loan against my agriculture land. The person there said yes to me that SBI bank gives loan against agriculture land. So i hope so that this bank gives loam against agriculture land.


Is a loan for land the same as a mortgage?

No, a loan for land is not the same as a mortgage. A loan for land is specifically for purchasing land, while a mortgage is a loan used to purchase a property, which may include land and a building.


Is a land loan the same as a mortgage?

No, a land loan is not the same as a mortgage. A land loan is specifically for purchasing land without any structures on it, while a mortgage is a loan used to purchase a property with a building or home on it.


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One can obtain a commercial land loan at many banks such as Bank of America, ING Direct, HDFC Bank, and First Bank. A commercial land loan can also be obtained at Reliance Commercial Finance and Lending Universe.


Which is the first Asian country to get a loan from World Bank?

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Business Loan In India?

Bank guarantee


Functions of mortgage banks and explain?

Function of mortgage bank is to lend for purchasing, reclaiming land and discharging old debts. They mortgage 50% of the land. Mortgage Bank commands its capital through deposits and dealing in shares and bonds. The period of loan usually ranges between 15 to 30 years.


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What is the name of Asian nation which was first to get a World Bank loan?

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What is the current federal land bank loan rate?

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What is the name of the money you borrow from the bank?

The money you borrow from the bank is typically called a "loan." Depending on the purpose, it may be specified as a mortgage (for purchasing real estate), a personal loan, or a business loan. When you take out a loan, you agree to repay it with interest over a specified period.