U Microfinance Bank in collaboration with Millat Tractor offers tractor & agriculture equipment loan facility to those farmers who cannot afford their own tractor or other necessary machinery. Farmers can use this loan to purchase agriculture machinery such as tractors, trailers, threshers, Laser leveler, sprayers, seed drills, combine harvesters, levelers, fodder cutter etc.
Features:
- Minimum down payment for the tractor
- Loan facility of up to PKR 1,000,000
- Loan tenure 12 to 60 months
- Tractor insurance facility
- Loan disbursement with minimum turnaround time
- Embedded credit life insurance
- Availability of Millat tractor on priority basis from the nearest selected dealership
- Half yearly installments for tractor & equipment loan
Required Documents:
- Original CNIC
- Proof of land ownership/Agri passbook copy/revenue record copy/hard copy
- One passport size photograph of the applicant
