Frequently Asked Questions

Which documents are required to avail a loan?

The documents required for availing a loan depends on the type of loan which includes documents like KYC of the applicants, Income documents, Bank details of the applicants, asset details of the asset to be financed and Land ownership proof (if applicable), etc.

Can I get the loan if I have been staying at my current residence for less than 6 months?

Yes, individuals shifting to own house,salaried persons transferred to other location,shiftting house within same locality for temporary reasons, family partitionwith a residence stability of less than 6 months can avail a loan.

Is a guarantor required for availing the loan?

The requirement of a guarantor depends upon the type of loan, loan amount & credit worthiness of the borrower.

Can I take a loan without income proof or business proof?

Yes, but income mitigates shall be available at the time of verification in absence of proper income documents.

Previously applicant has availed the loan from Bank X for a tractor, for which some instalments were not paid back on time and subsequently foreclosed. Would it be possible to avail loan on the same tractor again?

Yes, our executive will check how many instalments were delayed for the payment and if in case there was a payment delay/lapse of 1-2 instalments with a valid reason, the loan application can be considered again depending upon total satisfactory repayment record during the entire tenure history.

For availing vehicle loan, do I need to mortagage my land/property?

No, it’s not required to mortgage any land or property. Only hypothecation endorsement on Vehicle is required in favor of IFFCO Kisan Finance Ltd.

What are the loan tenure options available?

A minimum period of 11 months and a maximum of 60 months, depending upon depending upon the loan type.

How much time will it take for loan disbursal?

Loans are usually disbursed in 2 - 3 working days subject to timely submission of all necessary documents.

Please Note:- Sanction of loans are subject to credit discretion and based on our internal policies

What are funding ranges available?

We have a wide range of funding possibilities depending upon the type of the loan.

What is the maximum loan amount I can borrow?

The maximum loan amount depends upon the type of loan to be availed.

How will I repay my loan instalments?

Loan instalments can be repaid through NACH (National Automatic Clearance House from the customer’s bank account provided at the time of loan booking). Also we have various digital channels like link based payment gateways and web based payment gateways available for repayment.

What is the repayment frequency for the loan?

Flexible repayment options matching the cashflow of the borrower are available and it can be monthly, quarterlyor half yearly.Structured repayment in the form of small and large installments are also available.

How can I contact customer care in case of queries or issues?

The Customer Care can be contacted at our Toll Free No. 18002035972

(Mon-Sat, 9:30 AM to 6 PM). Additional we can be reached out at care@kisanfinance.com

How can I get my address/contact details changed in my loan account?

In order to change your address/contact details in our records, you can contact us at our toll free customer care number 18002035972

(Mon-Sat, 9:30 AM to 6 PM) or write us at care@kisanfinance.com.