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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.
Tractor Finance under Khushali Plan is offered by MCB Bank to farmers for purchase of tractor and allied equipment. It is fixed installments product under which a loan can be booked for a period of maximum 7 years.
Askari Kissan Tractor Finance is offered by Askari Bank to farmers at reduced interest rates. All resident farmers of Pakistan with a minimum holding of 10-acres of agricultural land and less than 60 years of age can apply for this fiance facility. The tenure of the loan would be for upto 5 years. The farmer’s life, as well as his tractor will be insured against contingencies, which will provide comfort and peace of mind.
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