Tractor Loan

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  2. Tractor Loan
  • Eligibility
    • All individual farmers having minimum 2 acre Agriculture land.
  • Purpose
    • Purchase of Tractor and other ancillary implements.
  • Quantum of finance
    • Maximum: Related to cost of purchase keeping required margin.
  • Margin
    • 25% of total project cost.
  • Security
    • Primary Security
      Hypothecation of crops grown / assets to be created out of bank finance.
    • Collateral Security
      Creation of charge over agriculture land to secure 100% of total exposure of borrower. Third Party Guarantee with Tangible security.
  • Repayment period
    • Maximum term 108 months
  • Moratorium
    • No moratorium period
  • Rate of Interest
  • Processing Charge/ Upfront Fee
    • Disclaimer:"Kindly contact the nearest branch for more details".