CentralBank of India-Rural Agri Banking
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Cent Tractor Scheme

Purpose * To finance purchase of Tractors, Trailers and other agricultural implements and accessories.
Eligibility * Individuals, Partnership firms, companies, FSS, PACs engaged in agriculture and / or allied activities and having land holding of 8 acres of perennially irrigated land or 16 acres of dry land cultivating single crop in a year or 4 acres of irrigated land and cultivating minimum two crops in a year.
Nature of facility * Term Loan.
Margin * 20%
Security * Primary

* Collateral
- Hypothecation of Tractor and other assets created out of Bank finance.
- Hypothecation of crops.
- Mortgage/charge on agricultural land
Total value of primary and collateral security should be at least 200% of the loan amount.
Insurance Assets created out of loan have to be insured for full value.  
Rate of Interest Limit Upto Rs.50,000/-
Above Rs.50,000/- upto Rs.5.00 lacs
Above Rs.5.00 lacs upto Rs.25.00 lacs
Above Rs.25.00 lacs
MCLR + 0.50%
MCLR + 1.00%
MCLR + 1.50%
MCLR + 2.00%
Processing Charges * Upto Rs.25,000/- : Nil
* @ Rs.120/- per lac or part thereof, maximum Rs.20,000/-.
Documentation Charges * NIL
Repayment * Within 7-9 years.

For further details, please contact our nearest branch.

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