![]() Loans Upto Rs 160000/-: Hypothecation of assets created out of loan.Pre used Tractor: 5 years-Quarterly/Half yearly/yearly instilments.Tractor: 9 years – 18 half yearly installments Power tiller: 7years or 14 half yearly.Please refer the Lending Rates link on home page in our Bank’s Website – Repayment :.Pre used Tractor: 5% – age If value of the collateral security is equal to loan amount margin is 5%.If the total cost of Tractor and power tiller exceeds Rs.1.60 Lakhs – Margin 10%.In case of pre used tractor based on the valuation report of Bank’s Panel Engineer.Based on the quotation / invoice submitted for the vehicles and implements.Purchase of pre used tractor – the age of the tractor should not be > seven years.No Minimum acreage – custom hiring unit under MUDRA scheme.Groups of beneficiaries whose holdings aggregate to the minimum land holding and situated in a compact block may also be considered for Tractor loan. ![]()
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