Tractor Loan for Farmers

Product

Tractor Finance

Facility Type

Term Loan

Borrower Profiles

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

Purpose / End Use of Loan

Funding Tractor. Tractor helps farmer to do farm work effectively and efficiently for several activities like land leveling, pond digging, loading-unloading soil for land development, ploughing, farming & cultivation with seed drills, cultivator and transportation of Agri produce etc.

Tenure

Upto 72 months

Minimum Age / Maximum Age

21 years and 60 years respectively at the time of application.                                                                                     

Primary Security / Collateral

Hypothecation on the asset funded or as per the extant Policy Norms of the Product.                                              

Repayment Mode

Monthly / Quarterly / Half yearly

KYC

As per RBI KYC norms