Farm Equipment Loan in Hyderabad

Farm Equipment Loan in Hyderabad: Farm Equipment Loans can be availed by any individual, institution or organization having a regular source of income from farming activities for the purchase of new tractors, tractor attachments, trailers, harvesters, and other accessories and implements

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Check Your Eligibility

About Farm Equipment Loans in Hyderabad:

• Margin: Your farm equipment loans will be granted with a minimum margin of 15%.
• Primary security: Hypothecation of Tractor & Accessories.
• Collaterals: Mortgage of landed property valued equivalent of 100% of farm equipment loan value need to be submitted as collateral towards your loan.
• Interest: The interest towards your farm equipment loan will be around 12% p.a depending on the bank you choose.
• Fee: Approximately, 0.5% of loan amount will be charged as upfront fee towards the processing of your loan.
• Mode of Repayment: Your farm equipment loan can be paid back through equated monthly instalments (EMI) for the loan tenure of 5 years approximately. In some cases postdated cheques can also be obtained from the borrower for obtaining the EMI on regular basis.
• Insurance: The farm equipment and the accessories purchased should be insured comprehensively for the full value of the farm equipment loans to avoid the loss in case of any unfortunate event and full recovery at the time of loss.
• Obtaining farm equipment loan is a quick and hassle-free process.
• Farm equipment loans can be obtained with Minimum documentation right at your door step with doorstep and excellent after sale services provided by certain banks in Hyderabad.
• Your Farm equipment loans can be availed for following purposes:
☞Loans for new or old commercial vehicle / equipment
☞Balance Transfer
☞Top-Up loans
☞Loans for purchase of vehicles ranging from trucks to construction equipment

Eligibility

• The borrower needs to have a minimum land holding of approximately 2 acres.
• Minimum age 18 years
• Maximum age 65 years

Documents Required

• Identity Proof
• Photographs
• Address proof
• Signature Proof
• Date of Birth Certificate/ Any other age proof document
• Nativity Proof / Domicile
• Security Cheques
• Land Extracts

How to avail Farm Equipment Loans

• Farm Equipment Loans in Hyderabad can be availed by simply login on to www.letzbank.com which is an online portal and one stop shop for all kinds of loan queries.
• All you need to do is to sign up on the portal.
• On the website all you will be required to do is to submit fill in a simple application format.
• After filling in application our customer care executives will connect with you and help you avail the best possible farm equipment loans in Hyderabad.
• We offer “100% Free Services” to all our customers who submit applications online.