Axis Bank Tractor Loan | Features | Eligibility | Documents

Axis Bank is a very large private bank. In 1999, it was known as UTI Bank. The bank gives itself very good banking services such as loans, savings accounts, insurance, credit card, many types of banking services are given and this bank is very good. It also gives types of loans like; Home loan, car loan, business loan, personal loan, tractor loan, many such loans are given by Axis Bank, and to meet the need of many farming, Axis Bank Tractor Loan is given at cheap interest rate by which any farmer brother. If you can take a tractor for your good farming, then any farmer brother wants to take a tractor for his farming, then he can take Axis Bank Tractor Loan and can take his tractor.

What Is Axis Bank Tractor Loan?

Axis Bank brings to you the best deals in the market and many attractive features on Loan for Tractors. As a part of its agriculture loan portfolio, Axis Bank offers Axis Bank Tractor Loan with flexible repayment options, fast and easy connections, exclusive benefits, and much more. These hassle-free loans for tractors come with zero foreclosure charges which makes them even more beneficial for the customers. To know more about Axis Bank Tractor Loan, visit your nearest Axis Bank branch.

Axis Bank Tractor Loan

Axis Bank Tractor Loan | Features

  • शून्य फौजदारी शुल्क
  • लचीले चुकौती विकल्प
  • आय के कई स्रोतों वाले किसानों के लिए विशेष ब्याज दर
  • चुकौती अवधि 7 वर्ष तक
  • त्वरित प्रसंस्करण और दरवाजे सेवा

Tractor Loan By Axis Bank | Eligibility

  • Applicant’s minimum age should be 18 years
  • Applicant must be maximum 75 years of age as on funding deadline
  • Minimum 3 acres of land holding for farmers

Axis Bank Tractor Loan | Required Documents

  • Duly filled and signed application form
  • KYC documents
  • Proof of land ownership, wherever applicable
  • Income documents, where ever applicable
  • Performa Invoice / Quotation

Apply Now:-  Click Here

Interest Rate And Charges Under Tractor Loan

Type Charge
Check Bounce / Instrument Return Charges ₹500 Per Instance
Check / Instrument Swap Charges ₹500 Per Instance
Duplicate statement issuance fee ₹500 Per Instance
Duplicate Repayment Schedule Issuance Fee ₹500 Per Instance
Duplicate No Dues Certificate / NOC ₹500 Per Instance
Penalty Interest 2% Per Month
Part Prepayment Fee 4.00% Of The Payment Amount
Foreclosure charges for the entire tenure 4.00% Of The Outstanding Loan Amount
Loan Cancellation / Rebooking ₹500 Per Instance
Stamp duty On the real
Issuing Credit Reports ₹50 Per Instance
Rate of interest (for loans up to 36 months)
Fixed rate loan 1 year MCLR MCLR Spread over 1 year Effective interest rate Reset
Tractor Loan 7.40% 10.10% – 12.60% 17.50%-20.00% No reset
Rate of interest (for loans with tenor more than 36 months)
Fixed rate loan Effective interest rate
Tractor Loan 17.50%-20.00%

Axis Bank Customer Care For Tractor Loan

  • Contact: 1800-419-5959 to get your account balance
  • Contact: 1800-419-6969 To get your mini statement

Also Read: Start-Up Business Loan By Indian Government

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