VEHICLE LOANS TO AGRICULTURISTS

Purpose Purchases of new, two wheelers, three wheelers, Jeep, Agriculture produce carriers.
Eligibility Should have minimum 2 acres of irrigated land for purchase of two wheelers and minimum of 8 acres of irrigated land for other vehicles.
Margin
  • 15% to 25% margin.
Security Hypothecation of vehicle purchased out of loan proceeds, Co-obligation and charge over land/ mortgage of land.
Repayment Maximum 5 years