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Private sector lender, IndusInd Bank has launched a tractor and farm equipment finance vertical to cater to the demand from the agricultural sector. With this vertical, the bank aims to provide loans to the farmers in buying and securing equipments.
In order to woo consumers, the bank will also be providing a customised payment option based on harvesting patterns for agricultural as well as commercial use. Apart from this, the lender has also promised to process the loan within four working days. It has also said that the bank's representative will personally visit the farmer and after assessing the required documents, will be able to approve the loan on the spot.
