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Powertrac

Under Power Trac, we finance farm equipments and machinery (including tractors and accessories) for agricultural purposes.

Eligibility

  • Agriculturist who is a major
  • One guarantor required

Loan Amount

We fund a maximum of 85% of the cost of the tractor, 75% of the cost of the trailer and 60% of the cost of the implements.

Documentation

  • Application form with photograph of the customer and all co applicants and/or guarantor
  • Proforma Invoice of the asset to be funded from an authorized dealer
  • Land records of the borrower(s)
  • Identity proof of the borrower(s)

Tenor and repayment

  • Upto 7 years
  • Flexible repayment in quarterly or half-yearly or yearly installments

For further information, please contact the nearest branch.