If you are looking for finance to buy your tractor, you have come to the right place. HDFC Bank offer hassle-free Tractor laon with the best terms for funding at the most attractive rates in India.
Features & Benefits
- Covers a wide range of tractors manufactured in India.
- Covers customer segments, using tractors for agricultural as well as commercial purposes.
- Avail finance up to 85 % on your favourite tractor.
- Flexible repayment options ranging from 12 – 84 months.
- Speedy processing.
- Repay with easy PDC’s or by way of cash collection.
- Attractive interest rates.
- Hassle Free documentation.
Eligibility & Documentation
1) For Farmers
Eligibility Criteria:
- Land Requirement – 5 acres of irrigated or 10 acres of un-irrigated land.
- Minimum age of the applicant – 18 years.
- Maximum age of the applicant – 60 years on the date of funding.
- Income – Not less than 1 Lac per annum.
Documents required:
- Proof of Identity – Passport Copy / PAN card/ Voter’s ID / Driving licence / Self affidavit with photograph of customer and signature across duly notarised / Photocopy of the bank pass book front page giving name, address photograph of the customer attested by the bank / photo of customer attested by the banker on a separate paper.
- Latest Land records :- Not to be more than 3 months old.
- Address Proof – Copy of land extracts / ration card / Akarni Patrak / Property card / tax receipt /Talati or Patwari or VAO certificate certifying that the applicant is a resident of the village.
- Signature proof – Copy of driving licence / Copy of PAN card / self affidavit with photograph of customer and signature across duly notarised / Present Banker verification Bank statement for last 6 months if available
2) For Non Farmers
Eligibility Criteria:
- Minimum age of Applicant: 18years
- Maximum age of the applicant 60 years on the date of funding
- Income – Not less than 1 Lac per annum.
- Telephone – Owned / PP (Land line or Mobile) is mandatory
Documents required:
- Proof of Identity – Passport Copy / PAN card/ Voter’s ID / Driving licence / Photocopy of the bank pass book front page giving name , address photograph of the customer attested by the bank / photo of customer attested by the banker on a separate paper.
- Address Proof:- Electricity bill / municipal tax receipt / Society bill / Agreement Copy / telephone bill .
- Signature proof :Copy of driving licence / Copy of PAN card / Present Banker verification
- Certified true copy of partnership deed / Memorandum & articles of association in case of partnership firms and limited companies respectively
- Bank statement for last 6 ,copy of repayment track for vehicle (not older than 1 year) , income papers i.e. IT returns / Contract papers ,copy of work/transport contracts, if any
