U Bank Islamic Banking offers Shari’ah-compliant new and old/used tractor financing facility under the Diminishing Musharakah Islamic mode of finance, which facilitates farmers in fulfilling their agricultural needs, such as crop cultivation and transportation of agricultural commodities and finished goods. With this facility, the customer receives complete ownership of the tractor at financing completion.
Salient Features
- Financing facility of up to PKR 3,000,000
- Minimum 10% amount required as partnership share from the customer
- Financing tenure of Min 2 Years – Max 7 Years
- Repayment in easy half-yearly installments
- Complete Takaful coverage of the tractor
- Tracker facility included
- Hassle-free processing
- Priority delivery from the nearest selected dealership
- Ability to avail financing facility against Agri passbook as collateral
Documentation Requirements
- Original CNIC
- Proof of land ownership, Agri passbook copy, or revenue record copy
- One passport-sized photograph of the applicant
Available Tractor Brands
- Millat Tractors
- Al Ghazi Tractors
- Fecto Belarus Tractors
