Purchase of second hand (pre-used) Tractors by Agriculturists
Purpose / Objective
- To meet out of the needs of farmers who cannot afford to buy a new tractor.
- Farmers having minimum of 6 acres of irrigated land or 12 acres of dry land.
Amount of Loan
- Maximum of Rs.1,50,000/- only.
- 5% for tractor age less than 3years.
- 10% for tractors of age more than 3years but less than 7years.
- Please refer the Lending Rates link on home page in our Bank`s Website.
- In 5years with quarterly / half yearly / annual installments, depending upon the crop cultivated.
- Hypothecation Of tractor purchased with the bank loan.
- Mortgage of properties and Third party guarantee.
* BPLR and BASE RATE – Available in Home Page