Vehicle Loan - Four-Wheeler Finance for Farmers

Norm	Description
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 : Effective management of farm/agriculture operations Transportation of Agriculture inputs, Agri-produce and labourers for farm activities Transportation of Milk Cans & cattle feed Farm & produce related marketing activities etc
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.

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 :

Effective management of farm/agriculture operations
Transportation of Agriculture inputs, Agri-produce and labourers for farm activities
Transportation of Milk Cans & cattle feed
Farm & produce related marketing activities etc

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.