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Loan Agreement

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Important Documents

Tractor Loan

  1. Application Form with Photograph
  2. Complete KYC of Applicant (s) and Guarantor (s) as applicable
  3. Land Ownership Proof (wherever applicable)
  4. Income Documents as applicable                      
  5. Other documents (wherever applicable) 
    1. Repayment Track Record
    2. Registration Certificate of existing asset
  6. Invoice in case of the New Tractor

Implements

  1. Application Form with Photograph
  2. Complete KYC of Applicant(s) 
  3. RC Copy of Tractor
  4. RTR of Tractor
  5. Invoice of the implement

Combine Harvestor

  1. Application Form with Photograph
  2. Complete KYC of Applicant (s) and Guarantors (s) as applicable
  3. Land ownership Proof
  4. Existing Asset Details, Invoice and Registration Certificate of existing assets
  5. Income Documents as applicable                          
  6. Repayment Track Record if applicable
  7. Banking Details                                                        
  8. Invoice of the new Harvester 

Used Commercial Vehicle Loan

  1. Application Form with Photograph
  2. Complete KYC of Applicant (s) and Guarantor (s) as Applicable
  3. Registration Certificate of existing asset
  4. Income Documents applicable as per profile
  5. Banking Details
  6. Land Ownership Proof- wherever applicable                   
  7. Repayment Track Record- If applicable              
  8. Vehicle Fleet details wherever applicable                                 
  9. Vehicle Fitness Certificate and Road Tax Permit

Schedule Of Charges

Schedule Of Charges
ParticularsCharges DetailsTime of Payment
Processing Fee (Including documentation charges)As per scheme (up to 3 %) + up to INR 1000 for documentationNon-Refundable charges are to be paid prior to disbursal.
Stamping ChargesINR 1000 per agreementNon-Refundable charges are to be paid prior to disbursal.
Cheque/NACH Bouncing chargesINR 250/- per bouncingImmediately post any Instance of Bounce
Late Payment Charges6% P.A, above current applicable interest rateEvery time payment is delayed and to be paid on the overdue amount until cleared
Collection Visit ChargesINR 250/- on every instancePer Instance of the Collection visit
Loan Foreclosure Charges3% of Outstanding Unbilled PrincipalAt Foreclosure
Prepayment/Part Payment Charges3% of Outstanding Unbilled PrincipalEvery instance of part-payment
Statement Charges (Foreclosure/ Statement of Accounts/Amortization Schedule)NilAd Hoc/ As required
Duplicate NOCINR 500Per Request
Swapping ChargesNilNA
Cash Handling Charges0.5 percent of Cash collectedEvery instance of cash collection
Legal, Repossession & Incidental ChargesAt ActualsAd hoc basis cost incurred on recovering Due from Delinquent accounts

*The above charges are exclusive of any taxes or other statutory charges as mandated by the Govt. from time to time.

Declaration for Signing in Vernacular Language

Customer Testimonials

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Life Insurance

Life Insurance

Life Insurance

Our company partners provide Life Insurance plans that cover the insured member and assist their families in case of any unfortunate event of death. Through our partners we provide a onetime premium based life insurance policy which is valid for the entire duration of the loan. The plan works in a simple manner where the member just has to choose the coverage term, pay the premium and stay protected.

  • Attractive pricing
  • Speedy processing: issuance as well claim