Agro Tools Purchase Loan

Overview

The Agricultural Development Bank provides loans for the purchase of agricultural and irrigation machinery for both personal and commercial purposes.

Types of Agricultural Machinery:
Thresher, tractor, power tiller, combined harvester, planter, irrigation equipment, pump set, boring, shallow tube well, and other modern agricultural machinery.

Maximum Loan Limit:
Up to 70% of the value mentioned in the genuine Proforma Invoice or quotation of the agricultural machinery (including brand and model number) issued by an authorized dealer/supplier can be provided as a loan. For individual borrowers, a maximum loan of up to NPR 2 million (20 lakhs) can be granted under this category.

Loan Tenure:
Up to a maximum of 5 years.

Eligibility

  • Nepali citizens residing within the branch's operational area and engaged in agricultural production and agribusiness.
  • Individual firms/partnership firms/institutions/companies which are registered in concerned authorities and renewed regularly.

  • Rate & Fees

    Interest rates and service fees shall apply as fixed by the bank periodically.

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