Features & Benefits

For the purchase and maintenance of a fleet of tractors, tillers, farm equipment’s, bulldozers, earth moving equipment’s, well-boring equipment, threshers, combines, etc., to undertake farm work for farmers on contract basis. For setting up Hi-Tech, High Productive Equipment Hub for Custom Hiring for Agricultural purposes.

Terms & Conditions


Eligibility 

Resident Individual farmers, Partnership firms, Companies, Societies, Trusts, Co-operatives, NGOs, SHGs etc who maintain a fleet of tractors, bulldozers, well-boring equipment, threshers, combines, etc., and undertake farm work for farmers on contract basis.


Nature of facility

Term Loan


Quantum of Finance & Margin

  • New Vehicles - Nil (If ex-showroom price is considered) & 10% (If on road price is considered) 
  • Used Vehicles - 20% (Loan up to 80% of the depreciated / market / purchase value, whichever is less).


Period 

3 to 7 years based on the vehicles purchased.


Primary Security 
Hypothecation of vehicle & accessories purchased out of the loan amount.
 
Collateral security 

EM of land where the loan amount exceeds Rs. 1.60 Lakhs.

Interest Rates & Charges

Please visit the rates and charges page for details

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