Tractor Renting & Leasing in Pakistan.

Islami Tractor Finance facility is offered by BankIslami Pakistan based on the principle of Diminishing Musharakah under Shirkat-ul-Milk arrangements which enables farmers to purchase any new or used tractor and farm machinery of choice. Tenure of Finance from 1 to 8 Years. Payment in easy installments on quarterly, half yearly or annual basis based on cropping pattern. Borrowers of this facility must be between 21 to 65 years of age and holder of a valid CNIC and Agriculture Pass Book. Borrower must be a self-cultivator with ownership of 10-acres or more agricultural land. Profit or markeup rate will be charged at 6M KIBOR + 6%.

The Bank of Punjab offers attractive tractor leasing scheme at a fixed rate of 6-Months KIBOR + 7% per annum. This scheme is eligible for all farmers having a minimum land ownership of 5-Acres of irrigated land or 10-Acres of arid land and age between 21 years to 65 years. All models of Millat Tractors, Messay Ferguson and Al Ghazi Tractors can be leased for a maximum duration of 5 years. Repayment against the lease would be made in 10 biannual installments.

Tractor Ijarah Finance Scheme is offered by The Bank of Khyber to farmers interested in purchasing of tractors and allied equipment. Profit or rental rate would be charged at 3-6 Months KIBOR + 500 BPS. Repayment will be in quarterly or half yearly installments. The finance tenure will be up to 5 years. The borrower must be less than 65 years of age and holder of a valid CNIC and must have a minimum 5-acres of own land under cultivation.

Alfalah Tractor & Transport Zarie Sahulat is a financing scheme offered by Bank Alfalah to farmers for purchase of tractors, trolleys, pickups, motorcycles, trucks, refrigerator van, mini truck, transport machinery, country boat or other such items. All farmers who are less than 60 years of age and holding a valid CNIC with a minimum of 10-acres self cultivating land holding can apply for this faccility.

Askari Kissan Tractor Finance is offered by Askari Bank to farmers at reduced interest rates. All resident farmers of Pakistan with a minimum holding of 10-acres of agricultural land and less than 60 years of age can apply for this fiance facility. The tenure of the loan would be for upto 5 years. The farmer’s life, as well as his tractor will be insured against contingencies, which will provide comfort and peace of mind.