What documents are required for an agriculture equipment loan
An agriculture equipment loan is the key to improved productivity and efficiency for farmers through the use of modern machinery. RUGR , one such fintech company committed to helping farmers across India, offers customized loans to purchase agricultural equipment. Understanding the documentation involved will help in seamless processing of the application for the availed loan. Here's a step-by-step guide on the documentation required to apply for an agriculture equipment loan. Identity Proof The first document required in the entire documentation process is valid identity proof. It includes: Aadhaar Card: One of the most accepted identities in India. PAN Card: Necessary for tax purposes and almost a must when approaching a financial institute. Voter ID : It, too, can be used as a valid proof of identity. The above documents validate the applicant's identity and also help the lenders to assess their eligibility for the loan. Address Proof Apart from proving their identity, ap...