Tractor Loan
Product Description
This product is offered to individuals who are involved in agriculture or Transportation business. They can avail Tractor loan individually as well as jointly
Age limit
21-60 Years
Loan Amount
- Up to Rs. 500,000/- for single borrower
- Up to Rs. 1,000,000/- for joint borrowers
Loan Tenure
03 to 05 years
Basic Documentations
- Valid Computerized National Identity Card (CNIC)
- 3 recent passport size photographs of the Customer
- Valid Agriculture Pass Book in the name of customer,
- Land ownership proof (Fard Malkiyat),
- Land self-cultivation proof (Khasra Gardawari,)
- Land schedule rates duly attested by revenue authority
- Genuineness certificate of agri. pass issued by ADLR/ Tehsildar
- 2 references
- Quotation of make or Rate List of tractors
- Proof of Business/Undertaking for running business
- A copy of latest paid utility bill of business place or residence (if available)
Security
- Against Bank’s charge on Agri Pass Book.
- Life Insurance Policy.
- Postdated security Cheques in terms of RPS