Request received - loud & clear!
Returning you to where you were...
You can avail a tractor loan from Saurashtra Gramin Bank to purchase a tractor with accessories at interest rates which will depend on the loan amount. The maximum repayment period on the loan is 9 years and processing fees ranging between Rs.100 and Rs.500 will be applicable. For loan amounts above Rs.1 lakh, the processing fee will be 1.25% of the loan amount.
Loan Amount | Processing Fee |
Rs.25,000 | Rs.100 |
Rs.25,001 to Rs.1 lakh | Rs.500 |
Over Rs.1 lakh | 1.25% of the loan amount |
The margin on tractor loan from Saurashtra Gramin Bank is 25% or below limit, whichever is less and will depend on the horsepower of the tractor. The Net of Margin based on the horsepower has been given below:
Horsepower | Maximum Permissible Loan (Net of Margin) |
30 HP to 39 HP | Rs.3.25 lakh |
40 HP to 45 HP | Rs.4 lakh |
45 HP to 50 HP | Rs.4.7 lakh |
51 HP to 55 HP | Rs.5.75 lakh |
56 HP to 60 HP | Rs.6.9 lakh |
61 HP to 75 HP | Rs.8 lakh |
If you wish to avail the tractor loan from Saurashtra Gramin Bank, you will need to possess at least 6 acres of irrigated agricultural land.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.
Gain an edge by connecting with us via email. We promise never to spam you.
Request received - loud & clear!
Returning you to where you were...
Psst... We'll ensure you're the very first to know the moment rates change.
We'll email you immediately! You snooze, you lose.