The Magma Fincorp Tractor Loans is an initiative from the financial institution to provide loans for any brand of tractors both new and pre-owned. Magma Fincorp is the highest tractor loan disbursement percentage in the market. Magma Fincorp will be able to provide 90% - 95% of the tractor price. The speciality of this product by Magma Fincorp they will not mortgage your land in order to provide you with finance.
The Magma Fincorp Tractor Loans will provide finance to the farmers of the country to purchase new or even pre-owned tractors, to help them meet their agricultural needs with a tractor that they require
The tractor loan will be available under 3 different types:
The loan will be available to purchase any brand tractors, to help them meet their agricultural or commercial needs with a tractor.
The amount of loan given by Magma Fincorp will be able to provide 90% - 95% of the tractor price.
Magma Fincorp Tractor Loan will charge a rate of interest average from 16% -20% , but will offer you customised options for your loan to suit your needs. What are the documents required for Magma Fincorp Tractor Loans?
Documents required will be as mentioned below:
The charges available are:
To apply for the loan, you can just walk into the nearest branch of Magma Fincorp branch. You can also fill in your details on their website and request for a call bank on the loan requirement.