Stree Shakti Tractor loan (Mortgage free) IN SBI

TRACTOR LOANS IN SBI

STREE SHAKTI TRACTOR LOAN

Feature and Benfits:-

• MORTGAGE FREE!!
• Lowest interest rate
• Sanction your tractor loan within 3 days only
• Monthly repayment facility

Elgibility:-

• Borrower/ co-borrower should be women
• Minimum 2 acres of agricultural land in the name of borrower(s)
• Minimum annual income of borrower(s) should be Rs. 1,50,000 /- from all sources

⇒⇒There is no collateral security⇐⇐

Margine

• 25% for tractor on original invoice and taxes
• 50% for accessories

Rate of intrest is 11.20% per anam with effect from 01-05-2016

Processing charges and Fee

Description of charges	Charges Applicable
Pre payment	NIL
Processing fee	1.25%
Part payment	NIL
Duplicate No due certificate	NIL
Late payment penalty	1% p.a on unpaid installments
Failed SI (per SI)	Rs. 253/-
Failed EMI (Per EMI)	Rs. 562/-

Required document for loan

Pre sanction

• Duly filled in application form
• 3 latest passport size photographs
• Identity proof- Voter ID card, PAN card, Passport, Aadhaar card
• Address proof: Voter ID card, Passport, Aadhaar card
• Documentary proof of land
• Income proof (Certificate from revenue authority)
• Quotation of tractor issued by dealer to customer

Pre disbursement

• Duly executed loan documents
• 6 Post Dated Cheques.

Post disbursement

• RC book with hypothecation charge in favor of SBI
• Original invoice/bill issued by dealer to the customer
• Comprehensive insurance copy

 For more details contact nearest branch or Follow the link CLICK HERE