Farm Machinery & Transport Finance
UBL Farm Machinery & Transport Finance
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Farm Machinery & Transport Finance
The product program is comprehensively designed to allow purchase of Farm Machinery and Transport which is used for the mechanization and expansion requirements of farmers/farm based entrepreneurs (including corporate firms, partnerships and individuals) who are engaged in farming activity as well as storage, processing, packaging, transporting and marketing of agriculture produce.
Key Features:
- Term Finance, LC (Documentary Letter of Credit) Sight/DA
- Financing Limit from PKR. 0.2m to PKR. 40m
- 10 years tenure
- Repayment will be Monthly/Quarterly/six monthly based on business cash flow cycle.
Eligibility:
- The applicant shall be a resident of Pakistan residing/working at the same place continuously for 3 years.
- The applicant must be holder of valid CNIC/SNIC
- The age of the borrower shall be between 20 years to 60 years
- The applicant himself shall be a genuine farmer engaged in cultivation & possession of Agri land (Owned or Leased)
- The applicant shall not be a defaulter of any bank/Financial institution.
- The applicant shall be able to provide acceptable collateral as per bank’s requirement.
Documents Required:
- Copy of CNIC/SNIC
- One passport size photograph of the applicant
- Updated Zarai Passbook &/or other collateral documents
- Other documents if required
How to Apply
Please visit our nearest Agri designated Branch.