| Salient Features of Bop Tractor & Agri Implements/ machinery Leasing |
| Purpose |
Financing for purchase of all brand new/used (used up to 2-Years only) & Agri Implements/Machinery. |
| Eligibility Criteria |
Minimum Land owned by customer sufficient to cover the finance amount along with applicable margins (Owned or Family Owned i.e. Father, Son, husband, Wife).
Should not have write off history
|
| Age Requirement |
Age should be between 21- 65 (Max. 65 years at time of maturity) |
| Target Market |
The target market shall be mainly comprised of individuals and entities belonging to both farm & non-farm sectors. |
| Loan Size |
|
MINIMUM |
MAXIMUM |
| Per Tractor Limit |
Rs.500,000/- |
Rs.5.00 Million |
| Per Agri implements/machinery |
Rs.500,000/- |
Rs.10.00 Million |
| Per Party Limit |
Rs.500,000/- |
20.00 Million |
|
| Loan Tenor |
Minimum 1 year and maximum 10 years. |
| Lease Key Money |
20% of the Total value of Tractor/Harvester and 30% for rest of the Agri Implements / Machinery. |
| Pricing |
KIBOR + 4% to 7% p.a. |
| Security Requirement |
As per banks’ policy |
| Insurance & Tracker Cost |
Actual (To be paid by Lessee) |
| Processing Fee(Non-refundable) |
Rs. 5000 per tractor & agri Implements /Machinery |
| Processing Fee |
As per SOC |