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Bank of Maharashtra Small and Marginal Farmer Land Purchase Loan

Up to ₹20 lakh to purchase agricultural land, with a 20% margin and repayment over seven to ten years including up to 24 months' moratorium, subject to small/marginal-farmer landholding limits.

Interest rateUp to ₹10 lakh: current effective 11.50% p.a. Above ₹10 lakh: current effective 12.50% p.a.Maximum amount₹20 lakh. Finance is the lower of the bank valuation, State circle rate or registration value, plus stamp duty and sale-deed registration charges.TenureSeven to ten years in half-yearly or yearly instalments, including a maximum 24-month moratorium.
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Quick eligibility check

Bank of Maharashtra Small and Marginal Farmer Land Purchase 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 / landholding

2Do you meet this requirement: Total holding after purchase must stay within five non-irrigated acres or 2.5 irrigated acres?

Published source: Eligibility / landholding

3Do you meet this requirement: After the purchase, total holding must not exceed five acres of non-irrigated land or 2.5 acres of irrigated land?

4Do you meet this requirement: Entrepreneurs with an agricultural background qualify only where State law permits a non-agriculturist to buy agricultural land?

5Document checkDo you have this required document or proof: Revenue-authority-certified records for land already owned and land to be purchased?

Published source: Eligibility / landholding

6Document checkDo you have this required document or proof: Title documents and sale agreement, if executed?

Published source: Eligibility / landholding

7Document checkDo you have this required document or proof: Loan application Form 138 and Enclosure B2?

Published source: Eligibility / landholding

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

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

India; State land-purchase law applies

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 purchasing agricultural land.View source
The scheme table classifies the facility and purpose.
Source
Small and Marginal Farmer Land Purchase 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 published formula is applied to current one-year of 9.00%.
Source
Land Purchase 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 benchmark notice and product formula are both current official sources.
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 official sources publish rate and charge components but no fee-inclusive .
Source
Small and Marginal Farmer Land Purchase Loan
Page / section
Complete product table and linked current schedules
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Eligibility / landholdingNo salary floor applies. Total holding after purchase must stay within five non-irrigated acres or 2.5 irrigated acres.View source
The scheme eligibility is landholding-based rather than salary-based.
Source
Small and Marginal Farmer Land Purchase Loan
Page / section
Eligibility; Other Terms & Conditions
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Maximum amount₹20 lakh. Finance is the lower of the bank valuation, State circle rate or registration value, plus stamp duty and sale-deed registration charges.View source
The page repeats the ₹20 lakh maximum and lower-of-three valuation formula.
Source
Small and Marginal Farmer Land Purchase Loan
Page / section
Amount; Loan Quantum
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
TenureSeven to ten years in half-yearly or yearly instalments, including a maximum 24-month moratorium.View source
The repayment row publishes tenure, frequency and moratorium.
Source
Small and Marginal Farmer Land Purchase 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 the published 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 rule gives 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

  • Maximum ₹20 lakh
  • Stamp duty and sale-deed registration charges may be included in the amount calculation
  • Seven to ten years
  • Moratorium up to 24 months
  • Supports eligible tenant/sharecropper and agriculture-background buyers

Eligibility

  • After the purchase, total holding must not exceed five acres of non-irrigated land or 2.5 acres of irrigated land. Entrepreneurs with an agricultural background qualify only where State law permits a non-agriculturist to buy agricultural land.

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

Documents the bank lists

  • Revenue-authority-certified records for land already owned and land to be purchased
  • Title documents and sale agreement, if executed
  • Loan application Form 138 and Enclosure B2
  • 7/12, 8A and 6D extracts and boundary record
  • No-dues certificates including PACS
  • Panel-advocate legal search above ₹1.60 lakh where land is mortgaged
  • Guarantee Form F-138 and guarantor land/PACS records where applicable

Related official documents

Scheme for Financing Farmers for Purchase of Land by Small and Marginal Farmersofficial-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
↗

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Loan repayment estimate

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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

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Facility · Published detailTerm Loan

This value is copied from Small and Marginal Farmer Land Purchase Loan - complete published scheme table. Check the table notes before relying on it.

Source: Small and Marginal Farmer Land Purchase Loan · Complete scheme table and following loan-quantum/additional-term notes Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 12 rows · 2 columnsSmall and Marginal Farmer Land Purchase Loan - complete published scheme tableView tableHide table

Scroll sideways to view every column

Small and Marginal Farmer Land Purchase Loan - complete published scheme table
ParticularPublished detail
FacilityTerm Loan
PurposePurchase of agricultural land
EligibilitySmall/marginal farmers; sharecroppers/tenant farmers; agriculture-background entrepreneurs where State law permits
Landholding capAfter purchase: maximum five non-irrigated or 2.5 irrigated acres
Amount basisLower of bank valuation, State circle rate or registration value, plus stamp duty and sale-deed registration charges
Maximum₹20 lakh
MarginMinimum 20%
RateUp to ₹10 lakh: 1-year +BSS 0.50%+2%; above ₹10 lakh: 1-year +BSS 0.50%+3%
SecurityMortgage of currently owned and purchased land; hypothecation of crops grown on the land
RepaymentSeven to ten years, half-yearly/yearly, including maximum 24-month moratorium
Other termsContiguous rather than fragmented purchase encouraged; land-use/yield records encouraged
DocumentsCertified owned/to-purchase land records; title and sale agreement; Form 138/B2; 7/12, 8A, 6D and boundaries; no-dues including PACS; legal search above ₹1.60 lakh; guarantee and guarantor records
Small and Marginal Farmer Land Purchase Loan · Complete scheme table and following loan-quantum/additional-term notes · 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 ↗

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