Avail flexible Tractor Financing facility for agricultural purpose(s).
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.
Terms and Conditions
Disclaimer: Terms & Conditions apply, bank reserves right to reject any loan application for any reason
- 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 for one tractor
- Maximum one tractors can be financed per farmer
- Repayment in half yearly installments (Principal with Mark-up)
- Insurance of Tractor
- Loans can be extended against one or more security options, details below:
- Agriculture Land
- Urban Property
- Liquid Securities