Green Trac

Green Trac loan by KVB 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 and Benefits
  • Tractor loan is eligible for 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.
Terms and Conditions
  • Disbursal will be direct to the dealers.
  • The loan will be granted at the sole discretion of the bank.
Charges and Limits
Loan Amount Cost of tractor and implements 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.
Rate of Interest (floating) per annum One-year MCLR + 0.85%.

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

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