Farm Equipment Loan .pdf
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Title: Farm Equipment Loan
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Farm Equipment Loan
Definition of Farm equipment loan
An agricultural cooperative, also known as
a farmers' co-op, is a cooperative where farmers pool
their resources in certain areas of activity. A broad
typology of agricultural cooperatives distinguishes
between agricultural service cooperatives, which
provide various services to their individually farming
members, and agricultural production cooperatives,
where production resources (land, machinery) are
pooled and members farm jointly.
Farm equipment loan @ lowest interest rate
Apply at LetzBank
Eligibility for farm equipment Loans
Photo Identity Proof: Any One from the
–Voters ID Card
Residence Address Proof: Any One from
•Residence Ownership Proof: Any One
from the following;
Who can avail of Agri Loans Farmers, Orchard Owners, Dairy
Owners , Horticulturists
Partnership Firms & Private Ltd. Companies in Agri-Value
Addition Segments like Food Processing
How much finance can I avail of ?You can borrow up to 70%~
75% of your planned investment in Agri-Assets depending upon
What are the tenure options? Agri- loans range from a
minimum of 6 months up to a maximum of 7 years.
How long will it take to process the loan ? Loans are
processed within 7-12 working days of completing full
Do I need a guarantor ? Yes a guarantor is essential and
depending upon the applicant – guarantor would be :