NBP-Al-Ghazi-Tractor-Loan-Scheme

NBP Al-Ghazi Tractor Loan Scheme | NBP Kisan Tractor Scheme 2024

NBP Al-Ghazi Tractor Loan Scheme: The National Bank of Pakistan (NBP) has launched the Al-Ghazi Tractor loan scheme under the Kamyab Nojawan Scheme via its Agri Loan Scheme initiative.

Key features of this scheme and the online application process have been discussed below.

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NBP Al-Ghazi Tractor Loan Scheme | NBP Kisan Tractor Scheme 2024

NBP Al Ghazi Tractor Loan Scheme
NBP-Al-Ghazi-Tractor-Loan-Scheme

Table of Contents

NBP Al-Ghazi Tractor Loan Scheme Key Features

NBP Al-Ghazi Tractor Loan Scheme: The National Bank of Pakistan is giving Loans for Ghazi Tractors and also for Agricultural Machinery to help farmers and promote agriculture in Pakistan.

Key features of this scheme are

  • Alghazi Tractors would be given on the basis of concession at the Installment plan of 7-8 years.
  • Fast and easy documentation process with a minimum fee
  • Free technical assistance to all
  • Easy Installment Plan

Recommended Reading: Benazir Income Support Program Registration 2023 (BISP-8171) {Updated}

Application Process For NBP Al-Ghazi Tractor Scheme

NBP Al-Ghazi Tractor Loan Scheme: The National Bank of Pakistan (NBP) and Al-Ghazi Tractors Limited have jointly launched a tractor financing scheme to provide affordable financing to farmers in Pakistan.

The application process for the NBP Al-Ghazi Tractor Scheme is as follows:

  • Eligibility criteria: First, check if you meet the eligibility criteria for the scheme. You must be a Pakistani citizen, aged between 18 and 65 years, with a valid CNIC. You must also be a farmer or have a valid agricultural land document in your name.
  • Documentation: Gather all the necessary documents for the application process. These include your CNIC, a recent passport-size photograph, your land documents, and any other relevant documents.
  • Select a tractor model: Visit the nearest Al-Ghazi Tractor showroom or dealer to select the tractor model you want to purchase. You can choose from a range of models available under the scheme.
  • Fill out the application form: Obtain the application form from the Al-Ghazi Tractor showroom or dealer and fill it out with accurate information. You will also need to provide details about your income, expenses, and other financial information.
  • Submit the application: Submit the completed application form along with all the required documents to the Al-Ghazi Tractor showroom or dealer. They will forward the application to NBP for further processing.
  • Credit evaluation: NBP will evaluate your creditworthiness based on your application and other factors such as your credit history and income. This process may take some time, so be patient.
  • Loan approval: If your application is approved, you will receive a loan approval letter from NBP. This letter will contain the terms and conditions of the loan, including the interest rate, repayment period, and other details.
  • Tractor delivery: Once you receive the loan approval letter, you can go to the Al-Ghazi Tractor showroom or dealer to take delivery of your tractor.
  • Repayment: You will need to repay the loan according to the terms and conditions mentioned in the loan approval letter. It is important to make your payments on time to avoid any penalties or late fees.
  • After-sales service: Al-Ghazi Tractors provides after-sales services for its customers, including maintenance and repair services. You can contact their customer service department for any issues related to your tractor.

All the farmers who wish to take part in the Ghazi Tractor Scheme can apply via the NBP website by filling out the form by clicking here.

Recommended Reading: Kisan Loan Scheme 2023 | PM Kissan Package (Updated)

Official Advertisement For Al-Ghazi Tractor Loan Scheme

NBP Al-Ghazi Tractor Loan Scheme: This is the official advertisement of the Ghazi Tractor Scheme

NBP-Al-Ghazi-Tractor-Loan-Scheme
NBP-Al-Ghazi-Tractor-Loan-Scheme

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Tractor Loan Scheme FAQs

What is the official website of NBP?

The official website of NBP is https://www.nbp.com.pk/index.aspx

Contact Number of NBP?

The official Contact numbers of NBP are

Phone: +92 -21- 99220100 (30 lines)

Phone: +92 -21- 99062000 (60 lines)

NBP Call Center: 111-NBP-NBP (+92-21 111-627-627).

What is the interest rate for the NBP Al-Ghazi Tractor Loan Scheme?

The interest rate may vary depending on various factors such as the loan amount, repayment period, and creditworthiness of the applicant. You can contact the Al-Ghazi Tractor showroom or dealer for more information.

Can I apply for the scheme if I don’t have agricultural land?

No, you must have a valid agricultural land document in your name to be eligible for the scheme.

What documents are required to apply for the tractor loan?

Documents required include an Agricultural Pass Book, a copy of your CNIC, a recent passport-sized photograph, and copies of relevant land documents. However, specific requirements may vary.

Is there a provision for technical guidance under this scheme?

Yes, many schemes offer free technical assistance to help borrowers make informed decisions about their tractor and its usage.

What are the key features of the NBP Al-Ghazi Tractor Loan Scheme?

Features may include competitive interest rates, easy repayment plans, technical guidance, and various financing options.

is collateral required to secure the loan?

Collateral requirements can vary based on the loan amount. Assets such as an Agricultural Pass Book, property, gold ornaments, or paper security may be accepted.

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