Axis Bank brings to you easy and hassle free Tractor Loans. We realize how imperative tractors are to your livelihood and so, with our Tractor Loans, you are assured one of the best deals in the market along with a range of attractive features:
Key Features
- Zero foreclosure charges*
- Flexible repayment options
- Special interest rate for farmers with multiple sources of income
- Repayment period up to 7 years
- Quick processing and doorstep service
Eligibility
- Minimum age of applicant should be 21 years.
- Maximum age of applicant should be 75 years as on date of funding.
- Minimum 3 acres of land holding for farmers.
Required Documents
| Documents | Valid Documents |
|---|---|
| Proof of Identity | Copy of Passport Copy of PAN Card Copy of Voter's ID Copy of Driver’s License Copy of front page of bank pass book giving name, address, photograph of the customer attested by bank |
| Address Proof | Copy of Land extracts Copy of Ration Card Copy of Passport |
| Signature Proof | Copy of Driver’s License Copy of Passport Copy of PAN Card |
| Age Proof | Copy of Driver’s License Copy of Passport Copy of PAN Card |
| Proof of Land Ownership | Land Ownership documents |
Schedule of Charges
| Type | Charges |
|---|---|
| Cheque Bounce / Instrument Return Charges | Rs 500/ Instance |
| Cheque / Instrument Swap Charges | Rs 500/ Instance |
| Duplicate Statement issuance charges | Rs 500/ Instance |
| Duplicate Repayment Schedule issuance charges | Rs 500/ Instance |
| Duplicate No Dues Certificate / NOC | Rs 500/ Instance |
| Late repayment penalty | 2% per month |
| Loan cancellation / Re-booking | Rs 500/ instance |
| Stamp Duty | On Actuals |
| Issuance of Credit Report | Rs 50/ Instance |
