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Our Bureau

New Delhi , Feb. 20

NEW Holland Tractors (India) has tied up with the Oriental Bank Of Commerce (OBC) to offer attractive finance schemes for New Holland tractor customers.

Under the scheme, named OBC-NHI Agri Machinery Loan Scheme, farmers can avail themselves of a special rate of interest of 10.25 per cent for loans up to Rs 2 lakh and 11.25 per cent for loans over Rs 2 lakh. The loan is repayable in convenient half-yearly instalments spread over five-nine years.

The company with the support of the bank, for the first time, has extended the scheme to its tractor dealers and vendors at special rates of interest to meet their business needs.

Announcing the tractor finance scheme, Mr Mario Gasparri, Managing Director, New Holland Tractors India, said, "This scheme would fuel the New Holland Tractor preference across the country with a simpler, hassle-free and cheaper loan from Oriental Bank Of Commerce and ensure increased peace of mind for the farmer, lower his cost of farming and increase his productivity."

The scheme would be available through all OBC branches across the country. Both New Holland Tractors and OBC would undertake various sales and promotional activities at their respective dealerships, branches and outside locations.

More Stories on : Alliances & Joint Ventures | Public Sector Banks | Farm credit

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