Apply for Stree Shakti Tractor Loan Online in India | SBI - Agri & Rural
SSTL (Mortgage free)


Stree Shakti Tractor Loan(Mortgage free)
Features and Benefits
- MORTGAGE FREE!!
- Lowest interest rate
- Sanction your tractor loan within 3 days only
- Monthly repayment facility
- Collateral Security Nil
- Margin 25% for tractor on original invoice and taxes
- 50% for accessories
- Rate of Interest is 11.20%. p.a, w.e.f 01.05.2016
- Repayment period 36 months with 1 month moratorium ( Click here for EMI Calculator )
Eligibility
- Borrower/ co-borrower should be women
- Minimum 2 acres of agricultural land in the name of borrower(s)
- Minimum annual income of borrower(s) should be Rs. 1,50,000 /- from all sources
Processing charges and fees
Description of charges
|
Charges Applicable
|
---|---|
pre payment | NIL |
processing fee | 1.25% |
part payment | NIL |
Duplicate No due certificate | NIL |
Late payment penalty | 1% b.a on unpaid installments |
Failed SI (per SI) | Rs. 253/- |
Failed EMI (per EMI) | Rs. 562/- |
Documents Required
Pre sanction
- Duly filled in application form
- 3 latest passport size photographs
- Identity proof- Voter ID card, PAN card, Passport, Aadhaar card
- Address proof: Voter ID card, Passport, Aadhaar card
- Documentary proof of land
- Income proof (Certificate from revenue authority)
- Quotation of tractor issued by dealer to customer
Pre disbursement
- Duly executed loan documents
- 6 Post Dated Cheques.
Post disbursement
- RC book with hypothecation charge in favor of SBI
- Original invoice/bill issued by dealer to the customer
- Comprehensive insurance copy

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.30%
3 years to less than 5 year
5.40%
5 years to less than 10 years
Tractor Loan
Other Products

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
2.70% p.a.
Upto 1 lakh(w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Upto 1 lakh (w.e.f. 31.05.2020)
2.70% p.a.
Above 1 lakh (w.e.f. 31.05.2020)
5.30%
3 years to less than 5 year
5.40%
5 years to less than 10 years