Tractor,Power teller Loan

2.Tractor, power teller:
It is type of hire purchases loan this loan for invest tractor,power teller.
Feature:
1.The time period of this loan is 1-4 years and above 10 lakhs 4-7 years..
2.Customer can borrow 70% of quotation amount and collateral must be needed.
3.Customer can pay interest monthly and principal monthly.
4.Service charge of this loan is 2%.
5.Interest rate Above 10 lakh is 14% and Upto 10 lakh is 15%.