JS Zarkhez Tractor Lease
JS Bank offers JS Zarkhez Tractor Lease for you to drive your favorite new tractor right away. As JS Bank understands the seasonal nature of agriculture returns, this scheme offers you with ability to repay on a half yearly rentals, based on cropping pattern & cash flows.
- Flexible Tenor – 3 – 5 years
- Lease Limit: Minimum Rs. 500,000/-
- Mark up: 6 – Month KIBOR + 6% per annum (Floating rate)
- Minimum Equity Contribution – 20% of Tractor Value (No Bank’s charge on Agri land) OR
- Minimum Equity Contribution – 10% of Tractor Value with Bank’s Charge on Agri Land OR Gold in Bank’s custody
- Tractor will be Comprehensively Insured through reputable Insurance partners
- Farmer holding CNIC with maximum age of 65 years on expiry of lease facility.
- Permanent resident of the Area
- Must have a clean e-CIB (no defaults)
- Must be residing within 30 kms radius of the financing branch.
Required Documents Checklist
- Two copies passport size photograph
- Two copies of CNIC
- Agri-passbook Supported by Fard Jamabandi OR copy of Khasra Girdawari in applicant’s name
- Quotation of Tractor from the authorized dealer
- Personal Guarantee (where applicable)
Apply for JS Zarkhez Tractor Lease
Step 1: Select your favorite tractor by visiting your nearest dealer
Step 2: Visit nearest JS Bank designated branch & fill out the JS Zarkhez Lease Application Form
Step 3: Complete document checklist upon approval
Step 4: Drive away your favorite Tractor leased by JS Bank after completion of post sanction formalities.