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Old Combine Loan in Panipat by Top Banks and Financial Institutions

Partner with Singroha Associates for Hassle-Free Financing of Used Combine Harvesters Since 2020

Empower Your Farming with an Old Combine Loan in Panipat

Enhance your agricultural productivity in Panipat, the historic “City of Weavers” with a thriving farming community, by securing an old combine loan in Panipat from Singroha Associates. Since 2020, we’ve empowered farmers and agricultural entrepreneurs to finance used combine harvesters, offering a cost-effective solution to boost harvesting efficiency. Our dedicated team collaborates with top banks and financial institutions to provide competitive interest rates, flexible tenures, and a seamless loan process for pre-owned equipment.

At Singroha Associates, we prioritize your farming success, ensuring you get the best old combine loan in Panipat tailored to your budget and needs. Start your journey to hassle-free financing today!

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Why Choose Singroha Associates for Your Old Combine Loan in Panipat?

Established in Panipat in 2020, Singroha Associates is a trusted name in agricultural financing. Here’s why we’re the preferred choice for an old combine loan in Panipat:

  • Trusted Network: We partner with leading banks like State Bank of India, HDFC Bank, ICICI Bank, and NBFCs like Mahindra Finance and L&T Finance.
  • Affordable Rates: Access loans for used combine harvesters starting at 9.10% p.a., based on your eligibility.
  • Efficient Process: From application to disbursal, we ensure a fast and straightforward loan experience.
  • Tailored Financing: Customized loan solutions for small farmers, large landowners, and agricultural businesses seeking affordable equipment.
  • Local Expertise: Our in-depth knowledge of Panipat’s farming needs ensures optimal deals for used combine financing.

Top Providers for Old Combine Loan in Panipat

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

InstitutionInterest Rate (p.a.)Loan TenureMax FundingProcessing Fee
State Bank of India9.10% – 10.85%Up to 5 yearsUp to 80%0.5% of loan amount (₹2,500 – ₹10,000)
HDFC Bank9.35% – 11.60%Up to 5 yearsUp to 75%0.5% of loan amount or ₹3,500 (whichever is higher)
ICICI Bank9.60% – 11.85%Up to 5 yearsUp to 80%0.5%-1% of loan amount
Axis Bank9.85% – 12.35%Up to 4 yearsUp to 75%Up to 1% of loan amount (min ₹5,500)
Mahindra Finance9.35% – 12.10%Up to 5 yearsUp to 80%0.5%-1% of loan amount
L&T Finance9.60% – 12.60%Up to 5 yearsUp to 80%Up to 1% of loan amount

Note: Rates and terms are indicative and subject to change. Contact us for the latest old 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

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Eligibility Criteria for Old Combine Loan in Panipat

To qualify for an old 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 ₹1.2 lakh (subject to lender requirements).
  • Credit Score: A credit score of 600 or above is preferred for better interest rates.
  • Land Ownership: Ownership of agricultural land or a valid lease agreement (for tenant farmers).
  • Residency: Must be a resident of India, preferably with a permanent address in Panipat or nearby areas.
  • Equipment Condition: The used combine harvester must be in good working condition, verified by the lender’s valuation process.

Singroha Associates will assist you in navigating eligibility requirements to secure the best loan offer.

Documents Required for Old Combine Loan in Panipat

To apply for an old combine loan in Panipat, prepare the following documents for 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.
  • Equipment Details: Valuation report, purchase invoice, or ownership proof for the used combine harvester.
  • Other Documents: CIBIL report (if applicable) and completed loan application form.

Singroha Associates ensures efficient document verification and submission to speed up your loan approval.

Our Process for Securing Your Old Combine Loan

At Singroha Associates, we simplify the process of securing an old combine loan in Panipat. Follow these steps:

  1. Consultation: Schedule a free consultation to discuss your financing needs for a used combine harvester.
  2. Equipment Valuation: We assist in arranging a valuation of the used combine by the lender or a certified valuer.
  3. Eligibility Check: We evaluate your eligibility and match you with the most suitable lenders.
  4. Document Submission: Submit required documents with our expert guidance.
  5. Loan Application: We submit your application to the chosen lender for prompt processing.
  6. Approval & Disbursal: Receive loan approval and funds directly to your account or the seller.

Our efficient process ensures approvals within 5-10 working days, depending on the lender and equipment valuation.

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Have questions about securing an old combine loan in Panipat? Here are the answers:

What is an old combine loan?

An old combine loan is a financing option for purchasing used combine harvesters, enabling cost-effective upgrades to farming equipment.

Who is eligible for an old combine loan?

Farmers, agricultural entrepreneurs, or cooperatives with sufficient income, land ownership, and a fair credit score are eligible.

How is the used combine harvester valued?

Lenders evaluate the equipment’s age, condition, and market value through a certified valuer to determine the loan amount.

How long does loan approval take?

Approval typically takes 5-10 working days, depending on the lender and equipment valuation process.

What is the maximum loan amount?

Up to 80% of the used combine harvester’s assessed value, depending on the lender (e.g., SBI, ICICI, Mahindra Finance).

Are there additional costs for used equipment loans?

Besides interest and processing fees, you may incur valuation fees for the used combine, which we help minimize.

Singroha Associates, established in 2020, offers expert loan and insurance services in Panipat and across Haryana, partnering with all major banks and financial institutions.

Ram Nagar, Tehsil Camp, Panipat (132103) HR

98133-26790, 98132-43790

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