FEATURES & BENEFITS OF TRACTOR FINANCE

• MORTGAGE FREE!!
• Lowest interest rate
• Sanction your tractor loan within 3 days only
• Monthly repayment facility
• Collateral Security Nil

• Margin 25% for tractor on original invoice and taxes
• 50% for accessories
• Rate of Interest is 11.20%. p.a, w.e.f 01.05.2016
• Repayment period 36 months with 1 month moratorium

ELIGIBILITY FOR TRACTOR FINANCE

• Borrower/ co-borrower should be women
• Minimum 2 acres of agricultural land in the name of borrower(s)
• Minimum annual income of borrower(s) should be Rs. 1,50,000 /- from all sources

DOCUMENTS REQUIRED FOR TRACTOR FINANCE

Pre Sanction Documents:

• Duly filled in application form
• 3 latest passport size photographs
• Identity proof- Voter ID card, PAN card, Passport, Aadhaar card
• Address proof: Voter ID card, Passport, Aadhaar card
• Documentary proof of land
• Income proof (Certificate from revenue authority)
• Quotation of tractor issued by dealer to customer

Pre Disbursement Documents:

• Duly executed loan documents
• 6 Post Dated Cheques.
• Pledge of liquid Security

Post Disbursement Documents:

• RC book with hypothecation charge in favor of SBI
• Original invoice/bill issued by dealer to the customer
• Comprehensive insurance copy

PROCESSING CHARGES & FEES FOR TRACTOR FINANCE

• Pre-payment:

• NIL

• Processing fee:

• 0.5%

• Part payment:

• NIL

• Duplicate No due certificate:

• NIL

• Stamp duty:

• As applicable

• Late payment penalty:

• 1% p.a on unpaid instalments

• Penalty for failure to get the vehicle registered within one month from the date of delivery:

• 2% for the period of default

• Failed SI (per SI):

• Rs. 253/-

• Failed EMI (Per EMI):

• Rs. 562/-

REPAYMENT PERIOD

• 48 months when the installments are fixed on the net loan (Bank Loan – Margin kept as TDR with bank)
• 60 Months when the installments are fixed on the basis of total loan.

PROCESSING CHARGES & FEES

• Pre-payment:

• NIL

• Processing fee:

• 1.25%

• Part payment:

• NIL

• Duplicate No due certificate:

• NIL

• Stamp duty:

• As applicable.

• Late payment penalty:

• 1% p.a on unpaid installments

• Failed SI (per SI):

• Rs. 253/-

• Failed EMI (Per EMI):

• Rs. 562/-

STREE SHAKTI TRACTOR LOAN-LIQUID COLLATERAL

FEATURES & BENEFITS OF TRACTOR FINANCE

• Tractor Loan against the pledge of gold ornaments/Time deposit with bank/NSC etc
• Lowest interest rate
• Sanction your tractor loan within 3 days only
• Monthly repayment facility
• Collateral Security : Gold ornaments/ Time Deposit with Bank / NSCs to the extent of minimum of 30% of loan amount
• Margin is 10%
• Rate of Interest:10.95%. p.a, w.e.f 01.05.2016
• Repayment period 48 months with 1 month moratorium