Tractor Renting & Leasing in Muzaffarabad AJK. (6 Result(s))

Tractor finance is offered by Habib Bank Limited for farmers to purchase tractors for meeting the farm mechanization requirement. All farmers engaged in agricultural business and cultivating their own land can apply for this facility. HBL offers a relaxed repayment terms aligned with business cycles. Borrowers must have a valid CNIC and Agriculture Pass Book.

Tractor Loans are provided by Mobilink Microfinance Bank Limited to individual farmers with a minimum holding of 3-acres of agricultural land and of age between 21 to 60 years, holder of a valid CNIC and a valid Agriculture Pass Book in the name of customer. Maximum amount of loan which can be disbursed under this facility is Rs. 3 million for a tenure of 1 to 10 years. Repayment schedule will be half yearly installments.

NRSP Microfinance Bank Limited offers Kissan Zarri Taraqiati Loan, which is an agriculture loan for individuals who require working capital to fund agricultural development such as installation of solar power plants for tube wells and purchasing of tractor, trolley, laser leveler or any other agricultural equipment. Maximum loan amount which can be disbursed under this scheme is Rs 500,000 only which has to be repaid in a maximum period of 36 months. The borrower must have a net income of Rs. 1.2 million per annum and three years of experience in agriculture industry.

JS Zarkhez Tractor Lease Finance is a credit facility provided by JS Bank for farmers who are interested in buying a tractor. Maximum financing of upto Rs. 5 million can be availed under this facility, to be paid back in 3 to 5 years with a half yearly repayment schedule. Farmers owning 5-acres or more of agricultural land with a valid CNIC and upto 65 years of age can apply for this facility.

The Bank of Punjab offers attractive tractor leasing scheme at a fixed rate of 6-Months KIBOR + 7% per annum. This scheme is eligible for all farmers having a minimum land ownership of 5-Acres of irrigated land or 10-Acres of arid land and age between 21 years to 65 years. All models of Millat Tractors, Messay Ferguson and Al Ghazi Tractors can be leased for a maximum duration of 5 years. Repayment against the lease would be made in 10 biannual installments.

Tractor Ijarah Finance Scheme is offered by The Bank of Khyber to farmers interested in purchasing of tractors and allied equipment. Profit or rental rate would be charged at 3-6 Months KIBOR + 500 BPS. Repayment will be in quarterly or half yearly installments. The finance tenure will be up to 5 years. The borrower must be less than 65 years of age and holder of a valid CNIC and must have a minimum 5-acres of own land under cultivation.