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 | | Link To: Union Million |
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| Purchase of 2, 3, 4 Wheelers |
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| Features | | | | Forms & Documents | | | | FAQs | | |
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| SCHEME FOR FINANCING PURCHASE OF TWO, THREE & FOUR WHEELERS |
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| We provide loans to agriculturists in order to purchase two/three/four wheelers/trucks/jeeps/pick-up vans etc. |
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| Eligibility:- |
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- The applicant should be an agriculturist having sizeable land.
- Agriculturists having scattered land holding/land in two or more villages in more than one piece/farm situated far away from residence.
- Agriculturists following intensive and multiple cropping systems.
- Agriculturists adopting heterogeneous activities, mixed farming practices such as dairy, poultry, fisheries, sericulture, bee keeping, vegetable farm, horticulture, plantation or other such activities with seasonal crops.
- Agriculturists staying far away from agriculture produce markets/other markets.
- The applicant should be from service area village/within operational area of branch.
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| Quantum of loan:- |
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| 75% OF THE COST OF THE VEHICLE. |
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| Margin:- |
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| 25% of the cost of the vehicle, excluding insurance charges and registration charges, etc. |
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| Rate of Interest And Processing charges:- |
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| Please contact the nearest Union Bank branch for details |
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| Repayment Period:- |
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| 3-5 years on half yearly/quarterly/monthly installments coinciding with the surplus available with the farmer due to harvesting/marketing of agriculture produce or otherwise. |
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LIST OF DOCUMENTS
- Up to Rs. 1,00,000/- DPN, Hypothecation of assets created and crops.
- Over Rs. 1,00,000/- DPN, Hypothecation of assets created and crops, mortgage of land &/or third party guarantee.
To download the application form, please click here
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| 1. What is the maximum loan amount? |
| 75% of the cost of the vehicle. |
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| 2. How will the installments be decided? |
| The installments will be decided based on the surplus available with the farmer based on harvest or marketing of agriculture output. |
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| Product Testimonial |
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| Quick Links |
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 | | Link To: Union Gold Coins |
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