PURPOSE

For purchase of Two wheelers of approved model

ELIGIBILITY

Farmers having minimum of 1 Acre of Agri. land

MINIMUM INCOME

Minimum 1 Acre Agri. Land is required.

MARGIN

20%

NATURE OF LOAN & LOAN AMT.

T/L Amt.80% of Vehicle or as per application W.E.L.

INTT. RATE

12.5% per annum

SECURITY

Primary- Hyp. Of Vehicle to be purchased.

Collateral- Regd. Mortgage of Agri.Land

REPAYMENT

Half yearly/Yearly Instalment maximum in 5 yrs.

UPFRONT FEE

DOCUMENTATION CHARGES

Rs.300/-

GENERAL

Financing for only New Vehicles

- Joint Name Billing

- Joint Registration

- Insurance with Bank clause

- FF29 is to be taken on verification & thereafter every yr at the time of purchase

Ref.:-Cir. No.

18/06 dated 18-02-06