Green Trac

Green Trac

This loan is for the purchase of a tractor or power tiller. With the purchase of tractors and tillers you will add convenience to your farming activities.

Features
  • Tractor loan is eligible to both individuals and joint applicants.
  • For the purchase of a tractor, the agriculturist should own not less than 3 to 5 acres of perennially irrigated land or corresponding acreage as prescribed.
  • For the purchase of a power tiller the agriculturist should own between 2 and 3 acres of land.
  • The loan can be used to purchase any model of tractors and accessories
  • The guarantee for the loan as acceptable to the bank
Charges and Limits
Loan amount Cost of tractor and impliments minus the margin.
Margin    Minimum of 20%
Rate of interest CONTACT NEARBY BRANCH
Repayment period 5-7 Years
Primary Security Hypothecation of the tractor & implements to be purchased out of Bank Finance.
Collateral Security 100% of the loan amount.
SCHEME ROI (floating) p.a.
KVB Green Trac (Margin 20%) One-year MCLR + 0.85%

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

Other Terms and Conditions
  • Disbursal will be directly to the dealers.
  • The loan will be granted at the sole discretion of the bank