Financing Tractors and Heavy Agriculture Machinery

• Processing charges Nil for Aggregate Loan upto Rs 3.00 Lakhs
• Inspection charges Nil for Aggregate Loan upto Rs 3.00 Lakh
• Low Land Requirement.
• Low Margin Requirement
• Repayment as per the income flow of borrower

This Facility is available for

• Financing Tractors and Heavy Agriculture Machinery:
• Purchase of new tractor
• Tractor drawn implements
• Power tiller and other agriculture machines, etc.

• Land Holding Criteria: Minimum 4 acres of irrigated land and above or corresponding acreage prescribed for different categories of land under state land ceiling act.
• Tractor HP: Finance for tractor to farmers with land holding below 6 acres of irrigated land with horse power up to 35 HP only will be eligible.

• KYC Documents (AADHAR, Voter ID, PAN Card, Driving License etc.)
• Passport Size photo
• Quotation/Invoice
• Land Records
• IT Return

Processing charges:

• Aggregate Agriculture exposure of Rs. 3.00 Lakhs- Nil

For Term Loan

• Above Rs 3 Lakhs - 1 % of the limit sanctioned with a maximum of Rs 100 lacs.

Inspection Charges:

• Agriculture exposure upto Rs. 3.00 Lakhs- Nil
• Above Rs 3 lakhs to Rs 10 Lakhs - Rs 250
• Above Rs 10 Lakhs to Rs 1 Crore - Rs 1000
• Above Rs 1 Crore - Rs 5000