Farm-Machinery-and-Transport-Finance

Farm Machinery & Transport Finance

The product program is comprehensively designed to allow purchase of Farm Machinery and Transport which is used for the mechanization and expansion requirements of farmers/farm based entrepreneurs (including corporate firms, partnerships and individuals) who are engaged in farming activity as well as storage, processing, packaging, transporting and marketing of agriculture produce.

Key Features:

Term Finance, LC (Documentary Letter of Credit) Sight/DA
Financing Limit from PKR. 0.2m to PKR. 40m
10 years tenure
Repayment will be Monthly/Quarterly/six monthly based on business cash flow cycle.

Eligibility:

The applicant shall be a resident of Pakistan residing/working at the same place continuously for 3 years.
The applicant must be holder of valid CNIC/SNIC
The age of the borrower shall be between 20 years to 60 years
The applicant himself shall be a genuine farmer engaged in cultivation & possession of Agri land (Owned or Leased)
The applicant shall not be a defaulter of any bank/Financial institution.
The applicant shall be able to provide acceptable collateral as per bank’s requirement.

Documents Required:

Copy of CNIC/SNIC
One passport size photograph of the applicant
Updated Zarai Passbook &/or other collateral documents
Other documents if required

How to Apply

Please visit our nearest Agri designated Branch.