This Shariah Compliant financing facility based on Diminishing Musharakah to facilitate Agricultural farmers in obtaining Agriculture Development Finance (Term Finance) to purchase brand new Tractor at competitive rates.
- Applicant must be between 18 to 62 years of age
- Per party exposure is limit Rs. 2.5 million
- Tenure of the Finance: 3 to 5 years
- Land under cultivation should be 12.5 Acre minimum
- Minimum land ownership should be 5 Acre
- Maximum one tractor can be financed per farmer
- This financing facility is also available for women farmers
- Payment in half yearly / quarterly installments (Unit + rental)
- Takaful of Tractor
- Financing can be extended against one or more security options, details below:
– Agriculture Land
– Urban Property
– Liquid Securities
– Hypothecation
Disclaimer: Terms & Conditions apply, ABL reserves right to accept or reject any financing application as per Bank’s policy