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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.
Allied Bank Limited - ABL is one of the oldest banks of Pakistan established in the year 1942 under the name of Australasia Bank in Lahore. In the year 2004 ABL was acquired by a consortium of investors lead by the Ibrahim Group. ABL is a full service commercial bank offering term deposit, savings a...more
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.
Islami Tractor Finance facility is offered by BankIslami Pakistan based on the principle of Diminishing Musharakah under Shirkat-ul-Milk arrangements which enables farmers to purchase any new or used tractor and farm machinery of choice. Tenure of Finance from 1 to 8 Years. Payment in easy installments on quarterly, half yearly or annual basis based on cropping pattern. Borrowers of this facility must be between 21 to 65 years of age and holder of a valid CNIC and Agriculture Pass Book. Borrower must be a self-cultivator with ownership of 10-acres or more agricultural land. Profit or markeup rate will be charged at 6M KIBOR + 6%.
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