The Hindu Business Line : Union Bank tractor loans

UNION Bank of India has signed a memorandum of understanding for a tractor financing arrangement with Indo Farm Tractors & Motors Ltd and L&T - John Deere Pvt. Ltd on all India basis.

To be eligible for finance under this arrangement, the borrower should have 3 acres of perennially irrigated land whose valuation should not be less than the loan amount applied for.

Indo Farm Tractors & Motors Ltd has agreed to offer discount of Rs 6,000 for tractors up to 45 H.P. and Rs 6,500 for tractors above 45 H.P.

L&T - John Deere Pvt. Ltd has offered discount of Rs 4,000, said a press release.

More Stories on : Public Sector Banks | HCV/LCV/Tractors

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee steadies on RBI support

IRDA draft norms for training institutes

Four-day home exhibition in Hyderabad

SBI dumps exit option for `de-motivated' staff

`Regional bank heads must ensure aggressive marketing of products'

Bank of Rajasthan goes live with RTGS

Union Bank tractor loans

Canara Bank dividend

Plastic money gaining currency fast

Indian Bank loan mela in Coimbatore