Farmers Two Wheeler Loans

Farmers Two Wheeler Loans

This loan is given to agriculturists to assist them to purchase a two wheeler. The loan is available at attractive rates of interest and can be repaid in easy installments.

Features
  • This loan is a hypothecation vehicle loan.
  • It is eligible to all agriculturists who own farm land.
  • It is for the purchase of a brand new two wheeler.
  • Security for the loan will be the new two wheeler purchased out of bank finance.
Charges and Limits
Eligibility Loan Rs 75000 per individual
MarginĀ  25%
Rate of Interest CONTACT NEARBY BRANCHES
Documentation charges Rs. 150
Repayment period 3 to 5 annual installments or 6 to 10 half yearly installments, along with interest according to cropping pattern / income of the farmer
SCHEME ROI (floating) p.a.
Farmers Two Wheeler Scheme One-year MCLR + 1.35%

For details of Processing Charges & Other charges, prospective customers are requested to contact nearby branches