watch the videoThe Farmers Bank
Farmers National Bank
A True Local Bank Community-focused since 1887
Big banks outgrow www woodforest com customer service customers. But we never will. Farmers National Bank has always focused on relationships. We’re just the right size, offering all the advantages the farmers bank a big bank, but with the personal attention and customer service that only comes from a true local bank.
The combination of Farmers’ asset strength, the experience of our banking professionals, and the diversity of our product and service offering makes us the bank for local businesses.
A Practical Approach
Farmers Wealth Management provides our customers access to insurance products, investments, trust services and private banking services near where they live and work.
Grow Your Wealth
What are you waiting for? Make your move with a Farmers mortgage
A mortgage from Farmers is the key to the home of your dreams. Our lending specialists will walk you through every step of the process with all decisions being made locally, supporting our community-based strategy.
Let a member of our mortgage team find the right home loan for you.
NO CLOSING COSTS MORTGAGE.
Whether it’s a new purchase, refinance, home improvement or debt consolidation loan, this loan may be the right for you.
DOWNLOAD OUR MORTGAGE APP.
Start your loan the farmers bank anywhere and put the power of the home application process in your hands with the Farmers Mobile Mortgage App.
FIND A LOAN OFFICER.
Our dedicated mortgage team will be by your side through every step of the loan process.
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Top Indian Banks Providing Tractor Loans to Farmers at Cheap Interest Rates
Individuals who want to buy new or used tractors can get tractor loans from banks and financial institutions across the country at competitive interest rates that start at 9.00 percent p.a. A processing fee of 0.5 percent to 2% of the loan payback term may be charged to prospective tractor loan borrowers. The majority of lenders provide repayment the farmers bank of up to seven years.
SBI New Tractor Loan Scheme
Agricultural term loans are available from the State Bank of India for people looking to buy new tractors and related equipment. This loan is available to individuals, groups of individuals, institutions, and organisations.
To be qualified for this loan, the potential borrower must have a steady source of income.
There is a 15% margin that can be used.
To obtain this loan, the applicant must hypothecate his or her tractor and accessories.
After taking out a loan, the borrower must insure the tractor and accessories.
The lender charges an advance fee of 0.5 percent of the loan amount.
ICICI Tractor Loan
Individuals with agricultural loans might get a tractor loan from ICICI Bank. The agricultural revenue of the potential borrower is taken into account while determining their eligibility. To be eligible for this loan, the applicant must own at least 3 acres of land.
With a 4% processing fee, the lender charges a low rate of interest.
Non-mortgage loans are also available.
Borrowers have a variety of repayment alternatives available to them.
For the remaining loan term, 4.72 percent of the outstanding loan amount or outstanding interest is due.
HDFC Tractor Loans
Farmers and non-farmers can get tractor loans from HDFC Bank to buy new or used tractors. The company the farmers bank a competitive interest rate and approves tractor loans in as little as 30 minutes.
The lender has a simple documentation procedure.
Interested borrowers can borrow up to 90% of the tractor's value.
The lender offers a variety of repayment options. Borrowers can pay back their loans through post-dated cheques, ECS, SI, and other methods.
HDFC Bank offers tractor loans that can be taken out with or without collateral.
Applicants must be at least 18 years old to qualify for this loan.
2% of the loan amount is charged as a processing fee.
Pre-closure fees can be upto 6% of the outstanding amount.
Axis Bank Tractor Loans
Axis Bank offers tractor loans with low interest rates and a slew of perks for the borrower. Borrowers can choose between a monthly, quarterly, or bi-annual repayment schedule and a repayment period of up to 5 years.
To apply for a tractor loan from Axis Bank, the applicant must be at least 18 years old.
The loan applicant's maximum age at the time of funding should be 75 years old.
At least 3 acres of land must be owned the farmers bank the loan applicant.
The documentation process is quick with this lender.
The vehicle that is purchased on loan must be hypothecated to the lender in order to qualify for this the farmers bank Fincorp Tractor Loans
Magma Fincorp is a leading financial firm that provides loans for all types of new and old tractors. Farmers in Telangana, Andhra Pradesh, Maharashtra, Tamil Nadu, Punjab, Madhya Pradesh, Uttar Pradesh, Rajasthan, Kerala, Karnataka, Orissa, West Bengal, Bihar, Jharkhand, Haryana, Gujarat, and other states can apply for loans.
Individuals living in rural areas of India can apply for loans from the lender.
The documentation procedure is straightforward and painless.
The repayment schedule for a borrowed debt can be monthly, quarterly, or half-yearly.
Customers who have previously obtained tractor loans from the institution are granted the farmers bank loans without having to provide their land the farmers bank paperwork.
Borrowed loans are subject to foreclosure six months after the loan is disbursed.
Pre-foreclosure fees are 5% of the outstanding principle.
The Farmers Trust and Savings Bank App allows you to access your account information using your existing Online Banking User ID and Pasword from the farmers bank iOS and Android powered device. You can now: check account balances, view transactions, transfer between accounts, pay bills and more! Check out our mobile app demo!
It's the job of Farmer's Trust and Savings Bank to provide customers with financial services that help people better manage their lives. Whether you are opening your first bank account or have managed an account for years, it helps to understand all available banking services we have to offer. We can help you with personal and business banking. Click on the button below to learn more about our services.
WELCOME TO FTNSBANK
Serving Earling, Harlan, Woodbine & surrounding areas!
Farmers Trust and Savings Bank is a family owned and operated bank located in the rolling hills of southwest Iowa. All three branches strive to give the "big bank" services with the "local bank" friendliness that our customers have come to know and experience over the past 125 years. Chartered in 1892, the German Savings Bank served the community of Earling Iowa and surrounding areas. In 1917 the name was changed to Farmers Trust and Savings Bank. Today, Farmers Trust & Savings Bank has grown. read more
Chaduni gave example of a farmer Yashpal from village Khandwa (Yamunanagar) who alleged that a public sector bank deducted Rs 24,000 from his account after a sugar mill made the payment. Chaduni claimed the sugar mill had got it in written form from the bank that the loan amount can’t be deducted from the payment of sugarcane. But despite that, the farmer leader added, the bank deducted Rs 24,000 from his account. “We have received similar complaints earlier too,” he added.
Sources in Haryana’s cooperative banks, however, said that there was nothing wrong if the outstanding loan amount was deducted from the accounts of farmers who fail to deposit their instalments on time. They also claimed that few other states have already opted for such a model of recovery from the accounts of farmers.
A former officer of Haryana State Cooperative Apex Bank Ltd (HARCO Bank) said that “about 4.5 lakh farmers had turned defaulters after they failed to return their loan instalments to the bank on time”. He added that there was a current outstanding of around Rs 4,000 crore loan against farmers’ names. However, the officer said that almost 7.5 lakh farmers have been depositing their instalments regularly, while three years back the number of such farmers was around 5 lakh.
The Farmers Bank Wins Statewide Community Award
The Farmers Bank, Frankfort, has been honored with the 2018 Commitment to Community Award by the Indiana Bankers Association (IBA). The inaugural “C2C” Award, showcasing exceptional community bank outreach during 2018, was presented on May 14 in downtown Indianapolis.
The bank was recognized for its partnership the farmers bank a Frankfort-area school to help third-grade students improve their reading proficiency. The partnership was formed six years ago when bank personnel contacted the school to ask how the bank could be supportive.
The result was the creation of the “Reading Champions” program, matching bank volunteers with third graders in need of reading skills improvement. Every week, bankers visit the school to work one-on-one with Reading Champion students.
The program has been so successful that last year 100% of Reading Champion students passed critical reading assessments, allowing them to continue to the fourth grade. Approximately 25% of bank staff participate in this outreach effort. View a video at: vimeo.com/336823635
“The Indiana Bankers Association is pleased to recognize The Farmers Bank, Frankfort, with the 2018 Commitment to Community Award,” said Amber Van Til, IBA president and CEO. “The Reading Champions program upholds the proud tradition of Indiana banks’ commitment to the communities they serve.”
The IBA C2C Award is a component of the Association’s broader C2C campaign that tells the story of banks’ community service. For more information or to view additional C2C videos, visit: indianabankers.org/commitment-community
Andrew Briggs, chairman of the Indiana Bankers Association (IBA), presents the IBA 2018 Commitment to Community Award to The Farmers Bank, Frankfort. Displaying the award are Stephanie Buntin (center), comptroller of The Farmers Bank, and Karen Gregerson, bank president and CEO.
Ruchika M. Khanna
Tribune News Service
Chandigarh, March 4
Food Corporation of India has issued directions that it will go in for direct payment to farmers’ bank account for the wheat crop that will come in the mandis next month.
The practice as of now is to credit the payment to the agents, who in turn transfer it in the accounts of farmers.
The corporation will be procuring 130 lakh metric tonnes of wheat in this year, and over Rs 24,000 crore is to be paid for the farmers for this.
A letter to this effect has been sent by the FCI to the department of Food and Supplies, Punjab, today. The letter also says that information of the land records of farmers is a must for this procurement season.
Though the government rationale behind demanding the details of land records is to account for each grain procured by the Government of India, and ensure that no wheat from outside the state is purchased on the Minimum Support Price, farmers and commission agents say that it is not practical for a state like Punjab, as almost 40 per cent of land has been leased out by owners to other farmers.
They maintain that this is another assault on the the farmers bank, which is leading the charge in the protest against the Centre on the three farm laws.
Talking to The Tribune, Vijay Kalra, vice chairman of Federation of Arhtiya Association of Punjab, says these steps are being taken by the Centre to punish the state’s farmers and arhtiyas for the farmers stir on the borders of Delhi, against the three farm laws.
“No one in Punjab will be uploading the details of the land ownership. More than 40 per cent of land, including lands owned by NRIs, is leased out. Land owners not bank of montreal elgin land, but giving their ownership will mean that the MSP goes to the owner, not cultivator. We have no option but to go for a strike in mandis from April 1. When the procurement season starts, there will be no labour to lift the grains and no arhtiyas to help in procurement. We will join the farmers and stage sit-in dharnas in mandis,” he said.