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Farm Equipment Loans
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Eligibility
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New Tractor Loan for Agri-application (mortgage)
Eligibility
• Agriculturist with clear title holding and willing to mortgage his land
• Land holding of two acres in the family
• Value of mortgaged land to be 1.25 times the loan amount for 'A' grade assets and 2 times for 'B' and 'C' grade assets
• Co-applicant is mandatory.
• Clear title of the property as per Bank-empanelled advocates Title Search Report
• Assessment of income and loan is based on quantum of land mortgaged.
New Tractor Loan for Agri-application (Non-mortgage)
Eligibility
• Agriculturist who owns land
• Land holding of two acres in the family
• Co-applicant is mandatory.
• Loan assessment is based on annual Agri-income.
• Margin is between 25% and 35% of the cost of the asset, based on the asset grade.
 Do's and Dont's
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Agri &  Rural Desk
ICICI Bank Pure Gold
RTGS through Corporate Internet Banking