- For purchase of Tractor with Accessories.
- Agriculturist having minimum 6 Acre irrigated Agriculture land.
Rate of Interest
- Maximum up to Nine years.
Proposal Processing Charge
- Rs. 100/- up to Loan amount of Rs. 25,000/-
- Rs. 500/- for Loan amount above Rs. 25,001/- to Rs. 1,00,000/-
- 1.25 % of Loan amount for Loan above Rs. 1.00 Lakh.
- 25 % or below Limit, whichever is less
|Sr. No.||Horse Power||Maximum Permissible Loan (Net of Margin)|
|1||30 to 39 HP||Rs. 3.25 Lakh|
|2||40 to 45 HP||Rs. 4.00 Lakh|
|3||45 to 50 HP||Rs. 4.70 Lakh|
|4||51 to 55 HP||Rs. 5.75 Lakh|
|5||56 to 60 HP||Rs. 6.90 Lakh|
|6||61 to 75 HP||Rs. 8.00 Lakh|
Max & Min Loan:
- Maximum: Related to cost of purchase keeping required margin.
- No moratorium period
- Hypothecation of Tractor, Trailor and other Equipments for which applied for Loan
- Creation of charge on Agriculture Land.
- Third Party Guarantee with Tangible security.
- Post Dated Cheques.