Tractor Finance: L&T Finance Offers Finance for Tractors Purchase

L&T Finance offers tractors finance facility to the farmers / tractor buyers.

Features of L&T Tractor Finance are,
- Financing available for all categories of tractors across manufacturers
- Loan tenure up to 7 years
- Loan available for low land holding borrowers
- Financing available for income generating assets for rural as well as urban entrepreneurs
- Finance for used tractors also available
- Technology driven processes
- Transparent processes with no hidden charges.

Advantages: Customised repayment option based on harvest patterns
Tie-ups with all major manufacturers across makes and models
Attractive schemes to suit your needs, faster sanction and disbursement of loan
Personalised customer service, multiple modes of repayment
Simple documentation, competitive processing charges
Strong presence in semi-urban and rural India
Insurance cover available at attractive rates

Eligibility:
Minimum age requirement: 18 years
Maximum age requirement: 65 years
Income level requirement: Articulated with the landholdings and its yields.
Any other requirements: KYC needs

Documentation:
ID Proof: Passport / Voter's ID card / Driving License / PAN card / Self-affidavit with photograph of customer and signature across duly notarised / Aadhaar card
Address Proof: Passport / Latest telephone bill (landline) / Latest electricity bill / Latest bank statement
Age Proof: Passport / Voter's ID card / Driving License / PAN card / Aadhaar card
Other Documents: Land documents / Photocopies for non-mortgage and originals for mortgage / ECS application form / Cheques (PDC, Part PDC)

Interest Rate:
Up to 19%. Actual rate may vary based on market conditions and the credit worthiness of the borrower.

For more detail please visit: http://www.ltfinance.com/products/rural-loans-microfinance/tractor-loan.aspx

Source: http://www.ltfinance.com/