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FAQs |
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If you have any queries that are not answered here, please call us or
write to us.
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Who Can Avail of HDFC tractor loans?
Both Farmers and non farmers can avail HDFC tractor loans. In case of a Farmer, a minimum of 5 acres of irrigated or 10 acres of un-irrigated land is required.
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Which tractors can be financed?
HDFC bank finances most of the tractor models manufactured by leading manufactures in India.
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How much finance can I avail of?
You can borrow up to 85 % of the invoice value, subject to credit underwriting standards of the bank.
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Do I have the option of pre-paying the entire loan amount?
Yes. One can pre-pay the loan any time after 6 months of availing of the loan. One merely has to pay a small pre-payment fee on the outstanding loan amount.
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Do I need a guarantor?
Yes, a guarantor is mandatory in all cases. The guarantor has to be either a farmer with 5 acres of irrigated and 10 acres of un-irrigated land / Govt. employee / employee of a reputed PSU of Ltd. Co. / Owning urban property
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| Ways To Apply |
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