IndiaBanks.org · independent research

Personal, home, vehicle & other loans

Bank of Maharashtra Horticulture and Plantation Loan

Project-cost-based term finance for fruit crops, plantations and nurseries, with nil margin up to ₹2 lakh, repayment over seven to 15 years including gestation, and eligible or NHM subsidy.

Interest rateUp to ₹10 lakh: current effective 11.50% p.a. Above ₹10 lakh: current effective 12.50% p.a.Maximum financeApplicable NABARD/NHB unit cost or project cost; no single rupee cap is published.TenureSeven to 15 years including gestation, aligned with crop harvesting and produce marketing.
Official product page ↗Compare category

Quick eligibility check

Bank of Maharashtra Horticulture and Plantation Loan

0 of 8 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Does your annual income meet this requirement: No salary floor applies?

Published source: Eligibility / project basis

2Do you meet this requirement: Eligible landowners, permanent tenants and sufficiently long-term leaseholders are financed against applicable NABARD/NHB unit or project cost?

Published source: Eligibility / project basis

3Do you meet this requirement: Available to people raising fruit gardens, plantations or nursery crops as landowners, permanent tenants or leaseholders with a reasonably long lease?

4Does your annual income meet this requirement: Finance is based on the applicable NABARD/NHB unit or project cost rather than salary?

5Document checkDo you have this required document or proof: Loan application Form 138 and Enclosure B2?

Published source: Eligibility / project basis

6Document checkDo you have this required document or proof: 7/12, 8A and 6D land extracts and boundary record?

Published source: Eligibility / project basis

7Document checkDo you have this required document or proof: No-dues certificates including PACS?

Published source: Eligibility / project basis

8Document checkDo you have this required document or proof: Panel-advocate legal search above ₹1.60 lakh where land is mortgaged?

Published source: Eligibility / project basis
0 of 8 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byBank of Maharashtra

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeAgriculture term loan for fruit gardens, plantations and nursery crops.View source
The scheme table classifies the facility and lists representative fruit crops.
Source
Horticulture and Plantation Loan
Page / section
Type of Facility; Purpose
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Interest rateUp to ₹10 lakh: current effective 11.50% p.a. Above ₹10 lakh: current effective 12.50% p.a.View source
The exact product formulas are applied to current one-year of 9.00%.
Source
Horticulture and Plantation Loan and current notice
Page / section
Rate of Interest; page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
BenchmarkOne-year MCLR 9.00% + BSS 0.50% + 2.00% up to ₹10 lakh, or +3.00% above ₹10 lakh.View source
The current benchmark and exact product spreads are both official.
Source
with effect from 25.07.2026
Page / section
page 1
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
APRNot published.View source
The reviewed official sources do not publish a fee-inclusive .
Source
Horticulture and Plantation Loan
Page / section
Complete product table and linked current schedules
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Eligibility / project basisNo salary floor applies. Eligible landowners, permanent tenants and sufficiently long-term leaseholders are financed against applicable NABARD/NHB unit or project cost.View source
The scheme uses operator/tenure eligibility and project cost, not salary.
Source
Horticulture and Plantation Loan
Page / section
Eligibility; Amount
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum financeApplicable NABARD/NHB unit cost or project cost; no single rupee cap is published.View source
The published amount basis is project/unit cost without a universal cap.
Source
Horticulture and Plantation Loan
Page / section
Amount
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureSeven to 15 years including gestation, aligned with crop harvesting and produce marketing.View source
The page publishes the full range and harvest-linked structure.
Source
Horticulture and Plantation Loan
Page / section
Repayment
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Processing feeAgriculture term-loan tariff: nil up to ₹5 lakh; 1% above ₹5 lakh to ₹25 crore.View source
The current agriculture term-loan tariff applies to this TL facility.
Source
Service Charges - Commercial, and Agriculture Credit
Page / section
Processing Fees - Term Loan: including Agriculture Credit
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Prepayment charge2% of the prepaid amount when prepayment exceeds 25% of the sanctioned limit; nil when principal outstanding is below 25% of sanctioned limit; not applicable to Micro and Small Enterprises.View source
The current all-credit term-loan row states the threshold and exemption.
Source
Service Charges - All Credit
Page / section
Prepayment Charges - Term Loan
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Covers mango, pomegranate, grapes, guava and other fruit crops
  • Amount follows / unit or project cost
  • Seven to 15 years including gestation
  • Repayment follows harvesting and produce marketing
  • /NHM subsidy for eligible projects

Eligibility

  • Available to people raising fruit gardens, plantations or nursery crops as landowners, permanent tenants or leaseholders with a reasonably long lease. Finance is based on the applicable / unit or project cost rather than salary.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Loan application Form 138 and Enclosure B2
  • 7/12, 8A and 6D land extracts and boundary record
  • No-dues certificates including PACS
  • Panel-advocate legal search above ₹1.60 lakh where land is mortgaged
  • Project quotations, plan estimates and permissions
  • Guarantee Form F-138 and guarantor land/PACS records where applicable

Related official documents

Horticulture / Plantation Activitiesofficial-product-page · current · accessed 31 Aug 2026
↗
Bank of Maharashtra Service Charges - Commercial, MSME and Agriculture Creditofficial-pdf · current · accessed 31 Aug 2026
↗
Marginal Cost of Funds Based Lending Rates with effect from 25.07.2026official-pdf · current · accessed 31 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Facility · Published detailTerm Loan

This value is copied from Horticulture and Plantation Loan - complete published scheme table. Check the table notes before relying on it.

Source: Horticulture and Plantation Loan · Complete scheme table Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 11 rows · 2 columnsHorticulture and Plantation Loan - complete published scheme tableView tableHide table

Scroll sideways to view every column

Horticulture and Plantation Loan - complete published scheme table
ParticularPublished detail
FacilityTerm Loan
PurposeFruit crops including mango, pomegranate, grapes and guava
EligibilityLandowners, permanent tenants and reasonably long-term leaseholders raising fruit gardens, plantations or nursery crops
AmountApplicable / unit or project cost
MarginNil up to ₹2 lakh; 15%–25% above depending on purpose and finance
RateUp to ₹10 lakh: 1-year +BSS 0.50%+2%; above ₹10 lakh: 1-year +BSS 0.50%+3%
Security up to ₹2 lakhHypothecation of crops/plant machinery
Security above ₹2 lakhCrop/plant-machinery hypothecation plus two third-party guarantees or land mortgage
RepaymentSeven to 15 years including gestation, aligned with harvest/marketing
Subsidy/NHM subsidy for eligible projects
DocumentsForm 138/B2; land records/boundaries; no-dues including PACS; legal search above ₹1.60 lakh where mortgaged; quotations/estimates/permissions; guarantee and guarantor records
Horticulture and Plantation Loan · Complete scheme table · accessed 31 Aug 2026Open official source ↗
Table 2 · 5 rows · 3 columnsBank of Maharashtra MCLR effective 25 July 2026View tableHide table

Scroll sideways to view every column

Bank of Maharashtra MCLR effective 25 July 2026
TenorResidual maturity p.a.
Overnight1 day7.30%
One monthMore than 1 day to 1 month8.30%
Three monthsMore than 1 month to 3 months8.55%
Six monthsMore than 3 months to 6 months8.90%
One yearMore than 6 months9.00%
with effect from 25.07.2026 · page 1 · accessed 31 Aug 2026Open official source ↗
Table 3 · 7 rows · 3 columnsCurrent agriculture term-loan processing and prepayment chargesView tableHide table

Scroll sideways to view every column

Current agriculture term-loan processing and prepayment charges
ChargeLimit / conditionPublished charge
Processing feeUp to ₹5 lakhNil
Processing feeAbove ₹5 lakh to ₹25 crore1%
Processing feeAbove ₹25 crore to ₹100 crore0.80%
Processing feeAbove ₹100 crore to ₹500 crore0.70%
Term-loan prepaymentPrepayment exceeds 25% of sanctioned limit2% of prepaid amount
Term-loan prepaymentPrincipal outstanding below 25% of sanctioned limitNil
Term-loan prepaymentMicro and Small EnterpriseNot applicable
Service Charges - Commercial, and Agriculture Credit · Processing Fees - Term Loan; All Credit - Prepayment Charges · accessed 31 Aug 2026Open official source ↗

More from Bank of Maharashtra

Related products

Bank of Maharashtra Agri-Clinic and Agri-Business Centre Loan

Term finance for qualified candidates aged 18 to 60 to establish an agri-clinic or agri-business centre, up to ₹20 lakh individually or ₹1 crore for a five-member group, with five-to-ten-year repayment and eligible subsidy.

View product

Bank of Maharashtra Agriculture Gold Loan

An agriculture term loan against pledged gold jewellery for crop, allied-activity and investment needs, up to ₹1 crore per borrower and repayable within 24 months.

View product

Bank of Maharashtra Animal Husbandry Loan

Term-loan or cash-credit finance for dairy, draught animals, poultry, sheep/goat rearing, animal sheds, machinery and working capital, with project-based finance and three-to-seven-year term repayment.

View product

Bank of Maharashtra Farm Mechanization Loan

Up to ₹25 lakh for new or second-hand tractors, power tillers, combine harvesters, threshers, sprayers and other farm machinery, repayable over five to nine years.

View product