Home > Agriculture > Loan Products > TMB Tractor
Owning the Tractor, Power Tiller and Trailer is easier now with the TMB Tractor Scheme.
To purchase new Tractor, Power Tiller, Trailer, and other implements
Individual / Joint borrowers, JLGS, FPOs, Sole Proprietary Concerns, LLPs, Partnership Firms, Trusts, Societies, Limited Companies and all legal forms of Organization.
Margin :-(For loans up to Rs.1 lakh – Nil Margin)
Repayment Period :-Maximum of 9 years
Collateral :-Nil (For loans up to Rs.1.60 lakhs)
Not less than 100% in case of agricultural land
OrNot less than 50% of the limit. In case of non-agricultural properties
OrFinancial collateral in the form of fixed deposit, NSC, LIC policy (surrender value only)
Interest :-
Fees & Charges :-
Processing fee – 0.50% of loan amount + GST
