Purchase of 2 3 4 Wheelers | Union Bank of India

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Purchase of 2 3 4 Wheelers

PURCHASE OF 2, 3, 4 WHEELERS

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SCHEME FOR FINANCING PURCHASE OF TWO, THREE & FOUR WHEELERS

We provide loans to agriculturists in order to purchase two/three/four wheelers/trucks/jeeps/pick-up vans etc.

Eligibility:-

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.

Quantum of loan:-

75% OF THE COST OF THE VEHICLE.

Margin:-

25% of the cost of the vehicle, excluding insurance charges and registration charges, etc.

Rate of Interest And Processing charges:-

Please click here to know our latest interest rates

Repayment Period:-

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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PURCHASE OF 2, 3, 4 WHEELERS

Features

Forms & Documents

FAQs

Internet Banking