Customer Segment: Tractor Loan
- Farmer- An Individual owning the agricultural land and whose work involves livestock and/or agriculture activities.
- Commercial Hiring- An individual may not own the agricultural land and use the tractor only for hiring purpose.
- Funding- Upto 90% funding
- Repayment Tenure- Upto 7 years
Monthly/Quarterly/Half-yearly/structured based on cropping pattern and another additional income source.
Eligibility Criteria & Income Proof
-
Income proof to support repayment of loan Minimum Landholding of 2 acres based on the crops cultivated
- Min age at the entry 18 and Max at end of tenure is 65 years.
Documents Required
- Proof of agri land 7/12 or utara
- KYC: Aadhar Card/PAN Card/Passport/Voters Id/Driving License/Ration Card/Utility bill
- Latest 1 year IT return and 3 months bank statement/Any tractor, CV 12 months track record/3 years valid relevant Driving License
