For Clean, Smart and Profitable Farming.
Agriculture Equipment Finance
L&T Finance Offers Finance for Agri Equipment
Farming equipment play a very important role in the optimum functioning of your farms. To help you get these in the fastest possible way, we offer funding with a customised repayment option based on harvest patterns.
| Features | Financing available for all categories of farm equipment 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 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 Criteria | 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 |
| Documents | For Farmers: Income Proof- As per submissions made at the time of FI Bank Statements- For past 6 months Other Documents- Agricultural land document For Others: Income Proof- As per submissions made at the time of FI Bank Statements- For past 6 months Other Documents- Work Order / Work Contract ID Proof: Passport / Voter's ID card / Driving License / PAN card / Self-affidavit with photograph of customer and signature across duly notarised / Aadhaar card Age Proof: Passport / Voter's ID card / Driving License / PAN card / Aadhaar card Address Proof: Valid passport / Latest telephone bill (landline) / Latest electricity bill / Latest bank statement Other Documents: Land documents / Photocopies for non-mortgage and originals for mortgage / ECS application form / Cheques (PDC, Part PDC) |
| Fees & Charges | Fees & charges are in line with market norms and as per eligibility of specific cases. |
For more details about Agriculture Equipment Finance visit:
http://www.ltfinance.com/products/rural-loans-microfinance/other-farm-equipment-loan.aspx
Source: http://www.ltfinance.com/