Four Wheeler Loan for Farmers and Agriculturists

Product

Financing Facility to Farmers and Agriculturists for purchase of Four Wheelers including rural transport vehicles, station wagons, delivery vehicles, jeeps, utility vehicles used for multiple purposes in overall farm management activities.

Facility Type

Term Loan

Borrower Profiles

All Farmers and Agriculturists owning and cultivating agricultural lands or involved in Agriculture-Allied Activities

Purpose / End-Use

Vehicle to be utilized for farm activities including :

Tenure

Upto 84 months

Co-Borrower / Guarantor

Optional or case to case basis

Minimum & Maximum Age

21 years at the time of beginning of contract and 65 years at the end of contract respectively                      

Primary Security / Collateral

Hypothecation on the asset funded

Extent of Loan

Need Based, Upto INR 10 Lakhs.