combine-loan-in-panipat

Combine Loan in Panipat by Top Banks and Financial Institutions

Partner with Singroha Associates for Hassle-Free Agricultural Financing Since 2020

Empower Your Farming with a Combine Loan in Panipat

Boost your agricultural productivity in Panipat, the historic “City of Weavers” with a thriving farming community, by securing a combine loan in Panipat from Singroha Associates. Since 2020, we’ve been helping farmers and agricultural entrepreneurs finance combine harvesters to enhance their operations. Our expert team partners with top banks and financial institutions to offer competitive interest rates, flexible tenures, and a seamless loan process.

At Singroha Associates, we prioritize your farming goals, ensuring you get the best combine loan in Panipat tailored to your needs. Let us guide you to hassle-free agricultural financing today!

Apply for a Combine Loan Now

Why Choose Singroha Associates for Your Combine Loan in Panipat?

Since our establishment in Panipat in 2020, Singroha Associates has built a reputation for trust and excellence in agricultural financing. Here’s why we’re the preferred choice for a combine loan in Panipat:

  • Extensive Network: We collaborate with leading banks like State Bank of India, HDFC Bank, ICICI Bank, and NBFCs like Mahindra Finance and L&T Finance.
  • Low Interest Rates: Access combine loans starting at 8.85% p.a., based on your eligibility.
  • Streamlined Process: From application to disbursal, we ensure quick and easy loan processing.
  • Customized Solutions: Tailored loan options for small farmers, large landowners, and agricultural businesses.
  • Local Expertise: Our deep understanding of Panipat’s agricultural landscape ensures the best deals.

Top Providers for Combine Loan in Panipat

Explore the best combine loan in Panipat options from our trusted partners. Compare key providers below:

InstitutionInterest Rate (p.a.)Loan TenureMax FundingProcessing Fee
State Bank of India8.85% – 10.60%Up to 7 yearsUp to 85%0.5% of loan amount (₹2,500 – ₹12,000)
HDFC Bank9.10% – 11.35%Up to 6 yearsUp to 80%0.5% of loan amount or ₹3,500 (whichever is higher)
ICICI Bank9.35% – 11.60%Up to 6 yearsUp to 85%0.5%-1% of loan amount
Axis Bank9.60% – 12.10%Up to 5 yearsUp to 80%Up to 1% of loan amount (min ₹5,500)
Mahindra Finance9.10% – 11.85%Up to 6 yearsUp to 85%0.5%-1% of loan amount
L&T Finance9.35% – 12.35%Up to 6 yearsUp to 85%Up to 1% of loan amount

Note: Rates and terms are indicative and subject to change. Contact us for the latest combine loan in Panipat offers.

Loan Amount is 30000
No. of Month is 30
Rate of Interest ROI is 10
Monthly EMI

Total Interest

Payable Amount

Interest Percentage

Eligibility Criteria for Combine Loan in Panipat

To qualify for a combine loan in Panipat, applicants must meet the following criteria, which may vary slightly by lender:

  • Age: 21 to 65 years at the time of loan maturity.
  • Occupation: Farmers, agricultural entrepreneurs, or cooperatives engaged in farming activities.
  • Income: Minimum annual agricultural income of ₹1.5 lakh (subject to lender requirements).
  • Credit Score: A credit score of 650 or above is preferred for better interest rates.
  • Land Ownership: Ownership of agricultural land or lease agreement (for tenant farmers).
  • Residency: Must be a resident of India, preferably with a permanent address in Panipat or nearby areas.

Our team at Singroha Associates will guide you through the eligibility assessment to match you with the best lender.

Documents Required for Combine Loan in Panipat

To apply for a combine loan in Panipat, prepare the following documents to ensure a smooth application process:

  • Identity Proof: Aadhaar Card, PAN Card, Voter ID, or Passport.
  • Address Proof: Aadhaar Card, Utility Bill, or Rental Agreement.
  • Income Proof: Last 2 years’ ITR, agricultural income proof, or bank statements.
  • Land Documents: Land ownership records, Khasra/Khatauni, or lease agreement.
  • Photographs: Recent passport-sized photographs.
  • Quotation: Proforma invoice or quotation for the combine harvester from the dealer.
  • Other Documents: CIBIL report (if applicable) and loan application form.

Singroha Associates assists in document verification and submission to expedite your loan approval.

Our Process for Securing Your Combine Loan

At Singroha Associates, we make securing a combine loan in Panipat simple and efficient. Follow these steps:

  1. Consultation: Contact us for a free consultation to discuss your financing needs.
  2. Eligibility Check: We assess your eligibility and match you with the best lenders.
  3. Document Submission: Submit the required documents with our assistance.
  4. Loan Application: We submit your application to the chosen lender for quick processing.
  5. Approval & Disbursal: Receive loan approval and funds directly to your account or dealer.

Our streamlined process ensures fast approvals, often within 3-7 working days, depending on the lender.

Start Your Application

Have questions about securing a combine loan in Panipat? We’ve got answers:

What is a combine loan?

A combine loan is a financial product designed to help farmers purchase combine harvesters to improve efficiency in harvesting crops.

Who is eligible for a combine loan?

Farmers, agricultural entrepreneurs, or cooperatives with a minimum income, land ownership, and a decent credit score can apply.

How long does loan approval take?

Approval typically takes 3-7 working days, depending on the lender and document verification.

Can I get a loan for a used combine harvester?

Yes, some lenders offer loans for used equipment, subject to valuation and condition checks.

What is the maximum loan amount?

Up to 85% of the combine harvester’s cost, depending on the lender (e.g., SBI, ICICI, Mahindra Finance).