Farm machinery loans are considered for purchase of tractor, power tiller, trailer and accessories, combine harvester, grain threshers,sprayers, dusters, ploughs drills and such other farm implements and equipments needed for agricultural activity.
Farm machinery loans are considered for purchase of tractor, power tiller, trailer and accessories, combine harvester, grain threshers,sprayers, dusters, ploughs drills and such other farm implements and equipments needed for agricultural activity.
The applicant should have at least 3 acres of irrigated lands or 6 acres of dry land.
Quantum and Margin | Up to ₹ 1.60 lakhs - Nil Above ₹ 1.60 lakhs -15-25% for all Farm Machinery Loans |
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Security |
New Tractors alone/with trailers/Combine harvesters/Power tillers/Other farm machinery:
For Combined Harvestors |
Repayment Period | The loan is repayable within 5 to 9 years by half yearly / yearly Installments depending upon the income generation. |