Tractor Loan/Finance/Refinance
BANK OF BARODA
FEATURES & BENEFITS OF TRACTOR FINANCE
- Loan upto cost of Tractor including Implements minus margin
- Term Loan
- Repayment period up to 9 years
- Flexible repayment options
TRACTOR FINANCE MARGIN
- Minimum 25% of Cost of the vehicle & Implements
ELIGIBILITY OF TRACTOR FINANCE
Progressive, literate and illiterate farmers engaged in cultivation of crops as owner of land, permanent tenants or leaseholders (for reasonably long period) and who utilize the tractor/ machinery economically to the minimum extent of 50% on their own land holding.
- Should have perennially irrigated land of minimum 4 acres (tractors to farmer with land holding below 6 acres of irrigated land is considered for tractors with horse power up to 35 hp).
- Should cultivate high value commercial crops such as sugarcane, grapes, bananas & vegetables
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