मौसम की जानकारी के लिए अपना शहर दर्ज करें

Invalid City Name

rain icon
Temperature 22°C
Status Clear
City New York
4-Day Forecast
Humidity icon

50%

Humidity

wind icon

15 km/h

Wind Speed

Please Enter OTP For Tractor Price कृपया ट्रैक्टर की कीमत के लिए ओटीपी दर्ज करें
Enquiry icon
Enquiry Form

Tractor Loan/Finance/Refinance - Kotak Mahindra Bank

होम | ट्रैक्टर लोन / फाइनेंस / पुनः फाइनेंस| Kotak Mahindra Bank
kotak mahindra bank

KOTAK MAHINDRA BANK

 

INTRODUCTION:

We offer finance for purchase of new and old tractors, harvesters and implements for agricultural / commercial purpose. We are the preferred financier of key manufacturers.

Click Herefinance

 

FEATURES & BENEFITS OF TRACTOR FINANCE

  • Loan for Purchase of New Tractor / Old Tractor, Implements etc.
  • Loans for Captive Usage for existing Customers
  • Nation-wide presence
  • Avail Life Insurance Shield – Kotak Kisan Suraksha
  • Excellent after sale service
  • Attractive rates of interest
  • Loans up 90% of tractor value
  • Personalised service at all branches

 

ELIGIBILITY FOR TRACTOR FINANCE

  • Minimum 3 acres of land in the name of borrower
  • Residential stability of 2 years
  • 2 years business experience if applicable

 

DOCUMENTS REQUIRED FOR TRACTOR FINANCE

Pre Sanction Documents:

  • Identity proof- Voter ID card/PAN card/Passport/ Aadhaar card,/Driving License etc
  • Address proof: Voter ID card/Passport/Aadhaar card/Driving license etc
  • Agricultural Land Proof – if available
  • Proof of Signature verification

 

Pre Disbursement Documents:

  • Fully executed loan documents
  • Original Invoice of the tractor purchased from the dealer
  • Margin Money Receipt received from dealer
  • Insurance pledged to Kotak Mahindra Bank

 

INTERSET RATE & CHARGES FOR TRACTOR FINANCE

 

  • Interest Rate Range for Tractor Loan:
  • Max: 26%
  • Min: Prevailing MCLR Or Reference Rate

 

  • Loan Processing Charges:
  • Upto 3% of Loan amount

 

  • Documentation Charges:
  • UptoRs. 5000

 

  • Stamping Charges:
  • At Actuals

 

  • Credit Administration Charges:
  • UptoRs. 6000/-

 

  • Credit Appraisal Charges:
  • Nil

 

  • Commitment Charges:
  • Nil

 

  • Overdue Interest:
  • Upto 3% of overdue amount, compounded monthly

 

  • Collection Charges:
  • 30% of penal and cheque bouncing charges

 

  • Dishonour Charges Per Instance:
  • Rs. 750.00

 

  • Swap Charges( Replacement of PDCs):
  • UptoRs. 500 per Swap per Instance

 

  • Prepayment Interest / Forclosure Charges:
  • 5% of Principal Outstanding as per reducing balance method

 

  • Duplicate Issue of NOC:
  • Rs. 500/-

 

  • Solvency Certificate:
  • Nil

 

  • No Due Certificate:
  • Nil

 

  • Charges for furnishing a copy of the credit information report (CIBIL) to the applicant:
  • Rs. 50/-

 

  • Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule):
  • Rs. 500/- (Once yearly without any charge. Post that 500 per request.)

 

  • APAC Reschedulement:
  • Nil

 

  • Part Foreclosure Charge:
  • Nil

 

  • Payment Processing Charge:
  • Not Applicable

 

  • Valuation Charges for Used/RF Vehicles:
  • Within city - Rs. 1000/-
  • Outside city - Rs. 1500/-

 

  • Repossession Charges:
  • UptoRs. 15,000/-

 

  • Credit Adminstration Charges:
  • UptoRs. 6,000/-

 

  • Duplicate Foreclosure Statement Charges:
  • Rs. 500/-

 

  • NOC for National Permit:
  • Not Applicable

 

  • NOC for State Permit:
  • Not Applicable

 

  • NOC for Change in Body Type:
  • Not Applicable

 

  • Rebooking of Loans (due to change in borrowing structure, change of property / Asset / Collateral etc.):
  • Rs. 2,500/-

 

  • Change in Installment Due Date:
  • Rs. 1,000/-

 

  • Change in Property / Asset / Collateral:
  • Not Applicable

 

  • Copy of Any Property/Loan Document:
  • Not Applicable

 

  • Asset Verification Charges - Immovable Assets:
  • Not Applicable

 

  • Legal / Incidental Charges*:
  • At Actuals

 

  • NOC to Convert From Private to Commercial Registration:
  • NRH

 

  • NOC to Convert From Commercial to Private Registration:
  • NRH

 

  • Re-issuance of Pay Order:
  • Nil

 

  • Non Compliance with Sanction Terms and Conditions:
  • Nil

 

  • End-use Certificate Delays:
  • Nil

 

  • Net Worth Statements Delays:
  • Nil

 

*Taxes as applicable

 

popular tractor POPULAR TRACTORS

tractor newsTractor News

होंगे ये 5 नुकसान, अगर कहीं से भी खरीद लिया सेकंड हैंड ट्रैक्टर तो

blogs होंगे ये 5 नुकसान, अगर कहीं से भी खरीद लिया सेकंड हैंड ट्रैक्टर तो

वैसे तो सेकंड हैंड ट्रैक्टर किसानों के लिए बचत करने का एक बहुत ही अच्छा मौका होता है पर अगर आप कहीं...

जाने गंगा दशहरा पर ट्रैक्टर खरीदने का शुभ मुहूर्त!

blogs जाने गंगा दशहरा पर ट्रैक्टर खरीदने का शुभ मुहूर्त!

क्या आप ट्रैक्टर खरीदने का मन बना रहे है ? अगर हाँ , तो आपको पहले गंगा दशहरा और जून-दिसंबर 2024 के ब...

CNH Capital empowers underprivileged Kids with ‘MISSION EDUCATION’ initiative

blogs CNH Capital empowers underprivileged Kids with ‘MISSION EDUCATION’ initiative

Gurugram, June 12th, 2024: CNH Capital, the financial services division of CNH has launched its CSR...

Select Language

tractorgyan offeringsट्रैक्टरज्ञान द्वारा

POPULAR SECOND HAND TRACTORSलोकप्रिय पुराने ट्रैक्टर

LOCATE TRACTOR DEALERS/SHOWROOMट्रैक्टर डीलरों / शोरूम का पता लगाएं