Tractor Loan
Mudhalpadi Tractor loan "key to your farm field". Let MUDHALPADI cultivate in your business for you to Harvest!
Understanding the daily struggles of rural communities, MUDHALPADI is committed to providing practical solutions. Our tractor loans feature flexible tenures, affordable interest rates, and the quickest customer service available across Tamil Nadu, ensuring a seamless and accessible financing option for the rural populace.
Features and Benefits
Flexible Tenure
You can choose your loan tenure
Credit Enhancement
Customer is eligible for top-up of loan amount after 12 months EMI are repaid.
Eligibility
- Nationality: The farmer should be Indian
- Nature of Business : Farming and agriculture business
- Credit Score: 685 or higher
- Age: 21 years to 75 years
- Business vintage: Eligibility will be reviewed on a case to case basis
- Work status: Self-employed / Farmers / firms involved in agri activity
- Applicant should hold minimum 2 acre Agricultural land for Agri Tractor loan
Required Documents
Photo Identity Proof
- Aadhar Card
- PAN Card
- Voter Id
- Valid Passport
- ID Proof issued by Panchayat
- Updated Bank passbook with Photo attestation by Nationalized Bank/Pvt Bank
Address Proof
- Aadhar Card
- Ration Card
- Voter Id
- Electricity Bill
- Valid Passport
- Updated Bank Passbook of Nationalized Bank/Pvt Bank with same address
*Please choose any 2 documents from each photo identity proof and address proof list.
Income Proof and other Documents
- MSME Certificate
- Farmer's Certificate
- Proof of farming business
- Copy of Registered Partnership Deed if any
- 6 Months Bank Statement of the borrower
- Copies of all existing facility/ sanction letters
- Income Tax Returns
- Crop details,including cultivation plans and expected yields
- Copy of monthly and quarterly GST Returns
- Financial Statements
Collateral Documents
- Title Document
- Proof of agricultural land
- Pledge agreement
- Tax Certificate
- Non - encumbrance letter
- No objection Letter and other documents as per sanction