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Overview – Tractor Financing

This financing facility is designed to facilitate agricultural farmers in obtaining Agriculture Development Loans (Term Finance) to purchase a brand-new tractor at competitive markup rates.

  • Applicant must be between 18 to 62 years of age

  • Tenure of the loan: 3 to 5 years

  • Minimum land ownership and cultivation should be 05 Acres

  • Maximum one tractor can be financed per farmer

  • This financing facility is also available for women farmers

  • Repayment in half-yearly installments (principal with markup)

  • Insurance of tractor is required

  • Loans can be extended against one or more security options, details below:

    • Agriculture Land

    • Urban Property

    • Liquid Securities

    • Hypothecation