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.
- 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|
|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