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1. In India, loan against agricultural land is for sure subject to ownership + valuation.
2. *It's NOT CONFIRMED*, generally, maximum loan approval against agricultural land (without valuation report) is around Rs. 2 lacs and the maximum depends on the market valuation report (much better if it's a declared Non-Agricultural Land).
Hi Enfield,
is educational loan against agricultural land sure?
Maximum loan 2 lakh per acre( one killa in punjab ) or total.
for 11 lakh loan, how many acre need to show, and how much valuation is considered by bank for one acre?
I think one acre is considered of value 1 to 2 lakh in valuation.
so, for 11 lakh loan, minimum 6 acre must be as collateral.
Is it good to apply online for education loan or not?
Hi guyz me 2 gnna apply fr Sept intake fr PGDM in IBM still confused abt colleges still nt yet decided confused between cols lyk..georgian, sheridian and centennial.
I really dnt knw which one might be my best option and am looking frward fr george brown too...
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