Tractor Finance News
Muthoot Capital Services Offers Finance for Tractors
Buy your own tractor with Muthoot Capital Service’s easy Tractor Loans and increase your productivity, your profits and reap the benefits of your hard work.
| Features | Tractor Loans for wide range of tractors manufactured in India Attractive Loan to Value (LTV) on your favourite tractor Flexible repayment options ranging from 12 months to 60 months Affordable Equated Monthly Instalment (EMI) option EMI can be remitted in any branch of Muthoot Fincorp, pan India Easy Repayment of EMIs in daily, weekly, fortnightly and monthly basis Hassle free documentation Strong network of branches in rural and semi-urban in South India Option for Gold Loan with initial payment Speedy processing |
| Eligibility | For Tractor finance availing Farmers: Own house with 4 acres of irrigated land or 8 acres of non-irrigated land Income not less than 2 lakhs per annum Age: Minimum 21 years and maximum 62 years on the date of funding Non-farmers: The tractor loan borrower should be a partnership/ proprietorship/ private limited/ public limited company Minimum age of the borrower to be 21 years and maximum 62 years on the date of funding Annual income should be not less than 3 lakhs per annum |
| Documentation for tractor loan | Address proof: Ration card/ Voters’ ID/ Passport/ BSNL telephone land line/ Driving licence/ Electricity bill (latest) Identity proof: Passport/ Voter’s ID/ Driving licence/ PAN card/ Self-affidavit with photograph of customer & signature across duly notarised Signature proof: Driving licence/ PAN card/ Self-affidavit with photograph of customer & signature across duly notarized/ present banker verification Income proof: Farmers - Latest house tax/ Building tax/ Land tax receipt (latest, age to be last 3 months); and Non-farmers - latest 2 years IT return and last 6 months updated bank statement is mandatory for all cases |