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Canara Custom Hiring Centre Finance

Finance for a fleet of tractors, harvesters, tillers and implements rented to farmers through a Custom Hiring Centre, from ₹2 lakh to ₹50 lakh per borrower.

Interest rateMCLR + 1.70% + liquidity premium when immovable-security coverage is 100%; MCLR + 1.45% + liquidity premium when coverage exceeds 100%.Maximum amount₹2 lakh minimum and ₹50 lakh maximum per borrower.TenurePrincipal repayable within 5–9 years in half-yearly or yearly instalments; interest is demanded half-yearly with the next principal due.
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Quick eligibility check

Canara Custom Hiring Centre Finance

0 of 7 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: the applicant must present a viable machinery-hiring project and repayment capacity?

Published source: Minimum income

2Do you meet this requirement: Individuals, associations, firms, companies, SHGs and JLGs may establish a centre to hire agricultural machinery to farmers?

3Do you meet this requirement: Promoters/directors/partners and mortgagor provide personal guarantees?

4Document checkDo you have this required document or proof: Application, KYC and entity constitution documents?

Published source: Minimum income

5Document checkDo you have this required document or proof: Machinery quotations and custom-hiring business plan?

Published source: Minimum income

6Document checkDo you have this required document or proof: Project cost, margin and subsidy sanction evidence?

Published source: Minimum income

7Document checkDo you have this required document or proof: Land mortgage, promoter and personal-guarantee documents?

Published source: Minimum income
0 of 7 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byCanara Bank

India; eligible farm-machinery hiring operators

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan typeAgricultural term finance for a Custom Hiring Centre's fleet of farm machinery rented to farmers.View source
The page covers fleet purchase for hiring tractors, tillers, trailers, harvesters and implements.
Source
Scheme for Financing Customer Hiring Centres
Page / section
Purpose; Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Interest rateMCLR + 1.70% + liquidity premium when immovable-security coverage is 100%; MCLR + 1.45% + liquidity premium when coverage exceeds 100%.View source
The current agriculture publishes the two custom-hiring spreads by immovable-security coverage.
Source
Rate of Interest for Agriculture & Allied Activities
Page / section
Financing Custom Hiring Centers
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
BenchmarkMarginal Cost of Funds based Lending Rate (MCLR), plus applicable liquidity premium.View source
Custom-hiring rates are expressed over with liquidity premium.
Source
Rate of Interest for Agriculture & Allied Activities
Page / section
Financing Custom Hiring Centers; Liquidity premium
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Minimum incomeNo income minimum is published; the applicant must present a viable machinery-hiring project and repayment capacity.View source
The page specifies eligible entities and project purpose, not an income threshold.
Source
Scheme for Financing Customer Hiring Centres
Page / section
Eligibility
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Maximum amount₹2 lakh minimum and ₹50 lakh maximum per borrower.View source
The official quantum row states ₹2 lakh to ₹50 lakh per borrower.
Source
Scheme for Financing Customer Hiring Centres
Page / section
Quantum of Finance
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
TenurePrincipal repayable within 5–9 years in half-yearly or yearly instalments; interest is demanded half-yearly with the next principal due.View source
The repayment row states five-to-nine years and half-yearly/yearly instalments.
Source
Scheme for Financing Customer Hiring Centres
Page / section
Repayment Period
Accessed
30 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Fleet finance for tractors, tillers, trailers and harvesters
  • ₹2 lakh minimum and ₹50 lakh maximum per borrower
  • 15%–25% project-cost margin
  • 100% collateral-security comfort requirement
  • 5–9-year repayment in half-yearly/yearly instalments
  • Government subsidy may count with mortgage under back-ended schemes

Eligibility

  • Individuals, associations, firms, companies, and may establish a centre to hire agricultural machinery to farmers. Promoters/directors/partners and mortgagor provide personal guarantees.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Application, and entity constitution documents
  • Machinery quotations and custom-hiring business plan
  • Project cost, margin and subsidy sanction evidence
  • Land mortgage, promoter and personal-guarantee documents

Related official documents

Rate of Interest for Agriculture & Allied Activities — Canara Bankofficial-rate-pdf · current · accessed 12 Sept 2026
↗
Rate of Interest for Agriculture & Allied Activities (updated 18.08.2026)official-rate-table · current · accessed 30 Aug 2026
↗
Scheme for Financing Customer Hiring Centresofficial-product-page · current · accessed 30 Aug 2026
↗

Plan before applying

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹21,696twenty-one thousand six hundred ninety-six rupees
Interest paid over the full loan₹27,06,939twenty-seven lakh six thousand nine hundred thirty-nine rupees
Everything you repay₹52,06,939fifty-two lakh six thousand nine hundred thirty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Estate Purchase Loan · Purpose / eligibilityExperienced buyer purchasing plantation/perennial estate; state land rules apply

This value is copied from Canara estate purchase and custom-hiring terms. Check the table notes before relying on it.

Source: Canara agriculture pages and rate · Eligibility; Quantum; Margin; Interest; Security; Repayment Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 2 rows · 4 columnsCanara estate purchase and custom-hiring termsPublished purpose, eligibility, pricing, limits, security and repayment terms from official Canara sources.View tableHide table

Scroll sideways to view every column

Canara estate purchase and custom-hiring terms
ProductPurpose / eligibilityAmount / rateSecurity / repayment
Estate Purchase LoanExperienced buyer purchasing plantation/perennial estate; state land rules apply50% margin; + 2.80% or 6.55% + liquidity premium by collateral profileLand mortgage plus collateral; 7–9 years, normally no holiday
Custom Hiring Centre FinanceIndividuals/entities setting up farm-machinery hiring fleet₹2–₹50 lakh; 15%–25% margin; + 1.70%/1.45% + liquidity premium by security coverageHypothecation, 100% collateral comfort and guarantees; 5–9 years
Canara agriculture pages and rate · Eligibility; Quantum; Margin; Interest; Security; Repayment · accessed 30 Aug 2026Open official source ↗
Table 2 · 28 rows · 4 columnsCanara agriculture and allied activities — rate schedule (updated 18 August 2026)Complete transcription of the published four-page PDF.View tableHide table

Scroll sideways to view every column

Canara agriculture and allied activities — rate schedule (updated 18 August 2026)
Product / slabRate or spreadAmount / rating / securityCondition
Various short-term and term agriculture/allied loans + 1.40%Up to ₹3 lakhExcludes agro/food processing
Kisan Credit Card — subvention7% p.a.Up to ₹3 lakhSubvention slab
Kisan Credit Card — non-subvention + 1.40%Up to ₹3 lakhOne-year wording
Kisan Credit Card + 2.30%Above ₹3 lakhSpread over
Kisan Credit Card — non-subvention + 2.30%Above ₹3 lakhOne-year wording
Various short-term and term agriculture/allied loans + 2.30%Above ₹3 lakh to ₹1 croreSpread over
Various short-term and term loans — scoring lower/middle/higher/highest + 2.20% / 2.35% / 2.80% / 3.50%₹1–2 croreScoring norms in enclosure I
Various short-term and term loans — LR/NR/MR/HR internal ratings + 2.20% / 2.55% / 2.95% / 3.75%Above ₹2 crore to ₹50 crore and externally unratedInternal rating
Externally rated AAA//A/BBB/BB/B/C&D + 1.20% / 1.30% / 1.65% / 2.60% / 3.35% / 3.50% / 4.50%Above ₹50 croreExternal rating
Additional interest on FB facilities+0.50% p.a. / +1.00%Above ₹50–100 crore / above ₹100 croreExternally unrated
Additional commission on NFB facilities+0.10% p.a.Externally unratedUntil rating or permitted waiver
Liquidity premium+0.20% / 0.25% / 0.25% / 0.30% / 0.30% / 0.45%>1–2 / >2–3 / >3–5 / >5–7 / >7–10 / >10 yearsLoaded unless exempted
Agriculture gold loan + 0.10%Up to ₹35 lakhAgriculture/allied
Agricultural gold overdraft + 0.30%Up to ₹5 lakhAgriculturist
under NRLM7%; one-year ; + 1.25% (A) / +2.00% (B)Up to ₹3 lakh; ₹3–5 lakh; above ₹5 lakhMarks-secured grade
other than NRLM7%; one-year + 1%; + 1.50% (A) / +2.25% (B)Up to ₹3 lakh; ₹3–5 lakh; above ₹5 lakhMarks-secured grade
Estate Purchase Loan + 2.80% + LP / + 6.55% + LPCollateral above 50% / otherTerm loan only
Small tractor scheme (up to 30 HP)One-year + 1.55% + LP / +2.05% + LPUp to ₹3 lakh / above ₹3 lakhLiquidity premium
Matsya SurakshaOne-year + 1.05%Standard4% if DRI-qualified and ₹15,000 quantum
Matsya ParirakshanOne-year + 1.05%Standard4% if DRI-qualified and ₹15,000 quantum
Matsya SamrudhiOne-year + 1.05%StandardFisheries/aquaculture
term loanOne-year + 1.55% + LPFarmers Producer OrganisationTerm loan
working capitalOne-year + 1.55%Farmers Producer OrganisationWorking capital
Custom Hiring Centre + 1.70% + LP / + 1.45% + LP100% / >100% immovable-security coverageFarm machinery hiring
Canara Consumption LoanOne-year + 0.20%Natural-calamity consumption loanScheme row
Agri- low/normal risk + 0.25% / +0.50%Collateral ≥100% / <100%Manufacturing and other units
Agri- moderate risk + 0.50% / +0.75%Collateral ≥100% / <100%Manufacturing and other units
Agro and food processing industries to + 0.60%Listed food, agro, cashew, coffee, milk and fish processingSeparate section
  • Updated 18 August 2026.
  • Liquidity premium applies to loans repayable beyond one year unless specifically exempted; rates shown are effective under the published schedule.
  • Agriculture/allied excludes agro and food processing; those units use the separate -to-+0.60% range.
  • Product pages supply product-specific purpose, eligibility, margin, security and repayment terms.
Rate of Interest for Agriculture & Allied Activities — Canara Bank · Pages 1–4, complete published · effective 18 Aug 2026 · accessed 12 Sept 2026Open official source ↗

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