- Longer repayment terms.
- Attractive Rate of interest
- No Collateral for loan upto Rs.1.60 lacs
- Loan available upto 85% of cost of new machinery.
TAT
Upto Rs.160000/- | Above Rs.160000/- |
---|---|
7 business days | 14 business days |
* TAT will be counted from the date of receipt of Application (complete in all respects)
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
New:
- For Purchase of new Machineries such as tractor, power tiller, combined harvester and other farm machineries/implements like mould board plough, disc plough, cultivator, disc harrow, fertilizer spreader, seed cum fertilizer drill, trailer, chaff cutter, thresher, trolley, sprayer, duster, sugarcane crusher etc. New advanced machineries like soil testers, sensors, etc.
Old/Second Hand:
- Purchase of Second Hand Tractor, power tiller and combined harvester.
Quantum of Finance
As per cost of the vehicle / equipment
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
- Farmer or group of farmer, JLG, FPO/FPC.
- Minimum Land holding required for availing the finance is given below:
Land | Tractor | Power Tiller | Combined Harvester | Other Farm Machinery | Repair Loan |
---|---|---|---|---|---|
Irrigated | 2.5 acres or 1 ha. | 1.5 acres or 0.60 ha. | 6 acres or 2.40 ha. | 1 acre or 0.40 ha. | Land is considered as per the requirement of respective machinery |
Unirrigated Land | 5 acres or 2 ha. | 3 acres or 1.20 ha. | 12 acres or 4.80 ha. | 2 acres or 0.80 ha. | Land is considered as per the requirement of respective machinery |
Note: The finance will also be considered in combination of irrigated and unirrigated land (1 acre Irrigated land= 2 acre Unirrigated land to be considered
For Second Hand (Old) Machinery:
*The Period considered is from date of registration with RTO, if applicable.
*Period | Tractor | Power Tiller | Combined Harvester |
---|---|---|---|
Old vehicle | Upto 3 years | Upto 2 years | Upto 2 years |
Before applying you must have
- KYC documents(identity proof and address proof)
- Proof of landing holding
- Quoatation of machinery.
- Collateral Security for loans above Rs.1.60 lacs.
*Terms & Conditions apply. For further details, Please contact your Nearest Branch
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