This financing facility is designed to facilitate Agricultural farmers in obtaining Agriculture Development Loans (Term Finance) to purchase 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
- Land under cultivation should be 12.5 Acre minimum
- Minimum land ownership should be 5 Acre
- Maximum one tractor can be financed per farmer
- This financing facility is also available for women farmers
- Repayment in half yearly installments (Principal with Mark-up)
- Insurance of Tractor
- Loans can be extended against one or more security options, details below:
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- Agriculture Land
- Urban Property
- Liquid Securities
- Hypothecation
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Disclaimer: Terms & Conditions apply, bank reserves right to reject any loan application for any reason