- Individual, Firm, Company, HUF or Trust engaged in Agri Activities.
- Up to nine years.
- Up to ₹1.6 lakh:
- Hypothecation of Farm Machinery/Vehicle/ Assets purchased.
- Above ₹ 1.6 lakh up to ₹ 15 lakhs:
- Hypothecation of Farm Machinery/Vehicle/ Assets purchased.
- Collateral security of properties covering at least 50% of loan limit.
- Guarantee of third party acceptable to the Bank.
- Above ₹15 lakhs:
- Hypothecation of Farm Machinery/Vehicle/ Assets purchased.
- Collateral security of properties covering at least 50% of loan limit
- Guarantee of third party acceptable to the Bank.
- 90% of the cost including Tax & Registration, but excluding Insurance (Maximum Limit ₹ 100 lakh).
- Yearly Installments coinciding with harvesting/marketing of crop.
Purpose:
- Purchase of farm machineries/ Two wheeler/ Jeep/ Van and innovative equipments used by the agriculturists for transporting agriculture produce and farm operations.
The above information is subject to terms and conditions.For more details, please contact the nearest Branch
*Conditions Apply
