Poultry farming is a sustainable business. Given the plethora of reasons why poultry farming is profitable, it makes sense to expand the business further including moving it to newer locations or purchasing new and upgraded machinery. One of the best funding options for expanding your poultry business would be loan against property.
In this loan, the lender offers a certain percentage of the existing market value of your property as a loan. The amount of loan offered varies depending on the lender. It is thus essential to find out the amount offered by each lender to check who is offering the most. You can offer your poultry farm or any other property as mortgage for the loan.
You can expect loan amounts of up to Rs. 3.5 crores depending on your collateral and repayment capacity all of which is determined by the lender. The loan application is very simple and unlike an unsecured loan application where the applicant is subject to a lot of scrutiny, it is not so in case of a secured loan. All you need to do is fulfill the eligibility criteria and submit the basic KYC documents along with proof of property required for the application. Once the application has been approved, the loan amount is disbursed at the earliest without any delays.
The interest rates varies according to the lender but it is usually quite low. It is thus recommended that you check the interest rates offered by various lenders before opting for one.

With any loan, the repayment period is crucial. While in case of shorter tenor, the loan amount will be paid back quickly but it can put a heavy toll on your finances and budget. Thus, you can also opt for a longer tenor of up to 18-20 years depending on your convenience so that it does not put a strain on your budget. Additionally, you can also prepay your entire loan before the completion of your tenor if you have the required funds in your hands.
So do your research before choosing your lender mortgage loan to grow your poultry business.