Farm equipment Loan in delhi: Farm loan equipment loans are loans that can be availed for purchase of farm equipment.
Farm Equipment Loan in Delhi
• Purpose of availing Farm equipment loans:
1. New or old commercial vehicle / equipment
2. Balance Transfer of existing farm equipment loan
3. Top-Up on existing farm equipment loans
4. Loans for purchase of vehicles ranging from trucks to construction equipment
• Margin- Farm equipment loans can be granted with a minimum margin of 15%. Mortgage of landed property valued equivalent of 100% of farm equipment loan value need to be submitted as collateral towards your loan.
• Rate of Interest - Farm equipment loan can be availed at 12% p.a ROI.
• Processing Fee- Processing fee towards the processing of your loan is approximately 0.5% of loan amount.
• Loan Disbursal - Processing and disbursal of farm equipment loan is a quick and hassle-free process.
• Repayment Mode - You can pay back your Farm Equipment Loan through EMI or PDC for the loan tenure upto 5 years.
• Insurance for Farm Equipments - The farm equipment and the accessories purchased should be insured for the full value of the farm equipment loans to avoid the loss in case of any event of force majeure and full recovery at the time of loss
• Minimum age- of the applicant should be 18 years at the time of submission of the application
• Maximum age- of the applicant should be 65 years by the end of loan tenure
• Land Requirement -Owner of atleast 2 acres of land is eligible applying for Farm Equipment Loans in Delhi.
• Identity Proof
• Address Proof
• Passport sized Photographs
• Signature Proof
• Age Proof Certificate
• Nativity Proof / Domicile
• Security Cheques
• Land Extracts
• Simple and easy to apply Farm Equipment Loans can be availed on our website www.letzbank.com which is an online portal where all kinds of farm equipment loan queries can be addressed through a single window.
• You can choose from two options available on our website:
1. Agri Machinery Tractor
2. Agri Machinery Farm Equipment
• On the website all you will be required to do is to fill in and submit a simple online application format.
• After submitting your application online our customer care executive will connect with you and help you in getting the best farm equipment loan in your city - Delhi.
• Letzbank offers “100% Free Services” to all our customers who submit applications online.
Any individual, institution or firm having a regular source of income from farming activities can apply for a Farm Equipment Loan.
You can buy farming equipments such as new tractors, tractor attachments, trailers, harvesters, and other farming accessories and implements through farm equipment loans. Apply for Farm Equipment Loans in Delhi @ Letzbank