Axis Bank Tractor Loan Eligibility

Axis Bank

Axis Bank brings to you easy and hassle free Tractor Loans. We realize how imperative tractors are to your livelihood and so, with our Tractor Loans, you are assured one of the best deals in the market along with a range of attractive features:

Key Features

  • Zero foreclosure charges*
  • Flexible repayment options
  • Special interest rate for farmers with multiple sources of income
  • Repayment period up to 7 years
  • Quick processing and doorstep service

Eligibility

  • Minimum age of applicant should be 21 years.
  • Maximum age of applicant should be 75 years as on date of funding.
  • Minimum 3 acres of land holding for farmers.

Required Documents

Documents Valid Documents
Proof Of Identity Copy Of Passport 
Copy Of PAN Card 
Copy Of Voter's ID 
Copy Of Driver’s License 
Copy Of Front Page Of Bank Pass Book Giving Name, 
Address, Photograph Of The Customer Attested By Bank 
Address Proof Copy Of Land Extracts 
Copy Of Ration Card 
Copy Of Passport 
Signature Proof Copy Of Driver’s License 
Copy Of Passport 
Copy Of PAN Card 
Age Proof Copy Of Driver’s License 
Copy Of Passport 
Copy Of PAN Card 
Proof Of Land Ownership Land Ownership Documents

Schedule of Charges

Type Charges
Cheque Bounce / Instrument Return Charges Rs 500/ Instance
Cheque / Instrument Swap Charges Rs 500/ Instance
Duplicate Statement Issuance Charges Rs 500/ Instance
Duplicate Repayment Schedule Issuance Charges Rs 500/ Instance
Duplicate No Dues Certificate / NOC Rs 500/ Instance
Late Repayment Penalty 2% Per Month
Loan Cancellation / Re-Booking Rs 500/ Instance
Stamp Duty On Actuals
Issuance Of Credit Report Rs 50/ Instance