Tractor Loan
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- 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
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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
Moratorium
Disclaimer:"Kindly contact the nearest branch for more details".