To apply for a Tractor Loan, farmers need to meet certain basic eligibility criteria. At IFFCO Kisan Finance, the process is simple and farmer-friendly. Here are the common requirements:
- Age Criteria: Applicant should generally be between 18 to 65 years.
- Farming Background: Must be engaged in agricultural activities.
- Land Ownership or Lease Proof: Valid documents showing ownership or lease of farmland.
- Income Source: Stable income from farming or other reliable sources.
- Valid KYC Documents: Aadhaar card, voter ID, or other approved identity and address proof.
- Bank Account Details: Active bank account for loan processing and repayment.