Balaji Finance

Tractor Loan

Tractor Loan

Tractor Loans are taken for acquiring a variety of tractors for varied purposes.

  • Loans for purchase of tractors for agricultural and commercial use
  • Loan up to 7 Lacs
  • Loan tenure upto 60 months
  • The interest rate for the product ranges up to 26%.

BASIC ELIGIBILITY CRITERIA

Customers who are involved in agriculture, semi agriculture and commercial business.

Min Age
21 Years

Residential Stability
2 Years

Minimum Business vintage
3 Year

DOCUMENTS REQUIRED

  • Photograph – Latest Color Photograph
  • Identity proof (Any One) – Voter ID Card / PAN Card / Passport / Driving License / Aadhar Card / Govt. issued document + Photograph / Bank Sign Verification + Photo
  • Age Proof (Any One) – Voter ID Card with Date of Birth / PAN Card / Passport / Driving License / Aadhar Card / Govt. issued document with date of birth / Marks Sheet with date of birth
  • Sign Verification (Any One) – PAN Card / Driving License / Passport / Bank Signature Verification
  • Ownership Proof (Any One) – Electric Bill / Tax Bill / Water Bill / Possession Letter + Utility Bill / Power of Attorney + Utility Bill / Index copy + Utility Bill
  • Income Proof – 7/12 & 8A Extract (In case of agricultural use)/ Work Order / Contract Copy (In case of commercial use)/ RC Book copy of existing vehicle (In case of commercial use)/ ITR & Financials of last 2 years
  • Bank Statement – Last 6 months Bank statement of all bank accounts