Open an Account
cross icons
Open an Account
cross icons
search
cross icons
cross icons
cross icons
Listening...

Speak Now...

Voice Search

Product Description

Tailored for individual farmers, both men and women, with a minimum landholding of 3 acres, or transportation business personnel. Access financing for the purchase of tractors or agricultural machinery, empowering farmers and transportation professionals to enhance productivity and efficiency in their operations

PKR
500,000
PKR
50,000
Years
5
Years
1
Down Payment
30
Percentage
0
Your Monthly Payments
PKR
13,340
Insurance Rate
1.40%
Markup Rate
26.13%
Your MONTHLY PAYMENT WILL BE JUST
PKR 13669
NUMBER OF PAYMENTS
240
TOTAL INTEREST
PKR 152000
TOTAL COST OF LOAN
PKR 48000

Advance Payments

Down Payment
PKR 16730
First Year Insurance *
PKR 1730
Processing Fee
As per SOC
Total
PKR 16730

Loan Amount

Minimum 50% of Tractor Price and Maximum Rs. 3 Million

Loan Tenure

01 to 10 years (Half Yearly Repayments)

Basic Documentations

Valid Computerized National Identity Card (CNIC/SNIC)

  • Age between 21-60 years
  • Business experience of minimum of 2 Years required
  • Holding valid CNIC/SNIC
  • Not defaulter of any financial institutions & Public Utilities.
  • Residing or working in launching cities for at least 1 year in case of owned residence or Min. 02 years

  • Minimum 50% of Tractor Price and Maximum Rs. 3 Million
  • Down Payment 10%-50%

01 to 10 years (Half Yearly Repayments)

  • Valid Computerized National Identity Card (CNIC/SNIC)
  • 1 recent passport size photographs of the Customer
  • Valid Agriculture Pass Book in the name of customer,
  • Land ownership proof (Fard Malkiyat),
  • Land self-cultivation proof (Khasra Gardawari,)
  • Land schedule rates duly attested by revenue authority
  • Genuineness certificate of agri. pass issued by ADLR/ Tehsildar
  • 2 references
  • Quotation of make or Rate List of tractors
  • Proof of Business/Undertaking for running business
  • A copy of latest paid utility bill of business place or residence (if available)

  • Against Bank’s charge on Agri Pass Book.
  • Joint registration of tractor with MMBL under HPA

As per SOC

*Terms & conditions applicable.

For complete Product Pricing Structure, please click here.

Explore More

Salary Pension Loan

Take better control of your finances with inclusive loans

Karobar Plus Loan

Agri Plus Loan

Agri Plus Loan is being launched to cater the financing needs of the following…

Running Finance Loan

Meet the financial needs of your businesses

Bint-e-Hawwa Loan

An account for Female Micro Entrepreneurs and small businesses owners.

School Loan

Help meet your schools’ financial needs.

Khushhal Kissaan Value Chain Loan

For the farmer in you to cover purchase cost of agriculture inputs.

Commercial Vehicle Loan

Get a new or used local commercial vehicle for business use.

Passbook Loan

For the micro entrepreneurs in you to fulfill your farming needs.

House Loan

Finance the house of your dreams into existence.

Livestock Loan

Finance breeding, milking, rearing and fattening of new animals with MMBL.

Fori Cash Loan

Loans of up to PKR 350K against Gold if you have a running business.

Khushhal Kissaan Loan

For the farmer in you to cover purchase cost of agriculture inputs.

Karobar Loan

The perfect loan for you to expand your small business.

Microenterprise Loan

Loans of up to PKR 3M against Gold if you have a running business.