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We offer finance for purchase of new and old tractors, harvestors and implements for agricultural / commercial purpose. We are the preferred financier of key manufacturers.
Loans for purchase of new tractor / old tractor, rotavator, trailer, loader, combined harvester, sprayers, dusters, threshers, winnowers, seed-cum-fertilizer drill etc
Loans for captive usage for existing customers
Nation-wide presence
Avail life insurance shield - Kotak Kisan Suraksha
Excellent after sale service
Attractive rates of interest
Loan upto 90% of tractor value
Personalized service at all our branches.
Fees and Charges - GSFC | |
---|---|
Interest Rate | Min : Prevailing MCLR Or Reference Rate |
Max : 30% | |
Service Charges | Upto 3% of Loan amount |
Documentation Charges | Upto Rs. 5000 |
Stamping Charges | At Actuals |
Credit Administration Charges | Upto Rs. 2000/- |
Loan Cancellation Charges | RS 2500 per agreement |
Penal charges | Amounts standing unpaid on respective due dates shall attract penal charge at 8% per annum (to be charged for actual no. of days) on overdue amount plus applicable taxes. |
Dishonour Charges Per Instance | Rs. 750 plus applicable taxes |
Swap Charges (Replacement of PDCs) | Upto Rs. 500 per Swap per Instance |
Duplicate Issue of NOC | Rs. 500/- plus applicable taxes |
Charges applicable in case customer requests for copies of records pertaining to his transactions (SOA / Amortization Schedule) | Rs. 500/- plus applicable taxes |
Prepayment Interest / Foreclosure Charges for Individual Borrowers | 4% foreclosure charges / pre-payment charges are applicable to the borrower for fixed rate terms loans sanctioned to individual borrowers. |
Prepayment Interest / Foreclosure Charges for Non Individual Loans (Excluding MSE) | 4% Foreclosure/pre-payment charges are applicable on loans/facilities provided to all ‘Non - MSE’ borrowers. |
Foreclosure charges for MSE | 2% foreclosure charges/ pre-payment charges are applicable on the outstanding amount (Utilized amount) in case of non-revolving loans/facilities and 2% on Sanctioned limit for revolving loans/facilities at the time of closure. |
In revolving facilities at the time of renewal if customer does not wish to continue than such foreclosure charges are not applicable | |
No Foreclosure charges shall be applicable to MSE (Micro and Small Enterprise) in case of closure of fixed rate loans up to sanctioned limit of INR 50.00 lakh. | |
Part Foreclosure Charge : Max 2 times a year, | 2% of Amount paid + (taxes as applicable) |
Valuation Charges for Used/RF Vehicles | Rs 1,000/- |
Repossession Charges | Min 15000 or actual + Taxes as applicable whichever is higher |
Duplicate Foreclosure Statement Charges | Rs. 500/- plus applicable taxes |
Rebooking of Loans (due to change in borrowing structure, change of property / Asset / Collateral etc.) | Rs. 2,500/- plus applicable taxes |
Change in Installment Due Date | Rs. 1,000/- plus applicable taxes |
Legal / Incidental Charges* | Min. Rs. 5,000 or at actuals |
Loan assignment charges | 2% of Principle O/S or 5000/- which ever is less plus applicable taxes |
Taxes as applicable | |
"Blank / -" denotes that these charges are not applicable to the concerned business division |
There are a list of practices you need to do to optimize your agribusiness. How many do you follow.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
At your request, you are being re-directed to a third party site - https://www.billdesk.com/pgmerc/kotakcard/ wherein you can make your payment from a different bank account. Kotak Cards does not guarantee or warrant the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion statement or other information displayed or distributed on the third party site. You shall access this site solely for purposes of payment of your bills and you understand and acknowledge that availing of any services offered on the site or any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk. Kotak Cards and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by BilIDesk whose site you are about to access. Neither Kotak Cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any responsibility of any kind for any loss that you incur in the event of any deficiency in the services of BiIIDesk to whom the site belongs, failure or disruption of the site of BilIDesk, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials.
Note: Available in select banks only. Kotak Cards reserves the right to add/delete banks without prior notice. © Kotak Mahindra Bank. All rights reserved
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
By clicking on the hyper-link, you will be leaving www.kotak.com and entering website operated by other parties. Kotak Mahindra Bank does not control or endorse such websites, and bears no responsibility for them.
Please note by login in to the above link and clicking on the “Submit” button, you provide your consent and acceptance to,
At your request, you are being re-directed to a third party site - http://www.billdesk.com/pgmerc/kotakcard/ wherein you can make your payment from a different bank account. Kotak Cards does not guarantee or warrant the accuracy or completeness of the information, materials, services or the reliability of any service, advice, opinion statement or other information displayed or distributed on the third party site. You shall access this site solely for purposes of payment of your bills and you understand and acknowledge that availing of any services offered on the site or any reliance on any opinion, advice, statement, memorandum, or information available on the site shall be at your sole risk. Kotak Cards and its affiliates, subsidiaries, employees, officers, directors and agents, expressly disclaim any liability for any deficiency in the services offered by BilIDesk whose site you are about to access. Neither Kotak Cards nor any of its affiliates nor their directors, officers and employees will be liable to or have any responsibility of any kind for any loss that you incur in the event of any deficiency in the services of BiIIDesk to whom the site belongs, failure or disruption of the site of BilIDesk, or resulting from the act or omission of any other party involved in making this site or the data contained therein available to you, or from any other cause relating to your access to, inability to access, or use of the site or these materials.
Note: Available in select banks only. Kotak Cards reserves the right to add/delete banks without prior notice. © Kotak Mahindra Bank. All rights reserved