Business, & agriculture finance

RBL Bank Used Harvester Loan

Finance for a used harvester purchase or refinancing an existing harvester, with flexible instalments and a term of up to 5 years.

Eligible applicant and useIndividual or non-individual applicant engaged in farming; the used harvester must be purchased or refinanced for agricultural activities.SecurityThe financed harvester is hypothecated to RBL. Keep it insured for market value against all risks; where required, RBL is named Loss Payee and insurance proceeds are applied to facility dues. The deed also permits asset inspection and repossession/sale following default.Processing fee2% for used-harvester funding.

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✓ Manually checked 1 Oct 2026 · active

Offered byRBL Bank

See the official bank source for geographic availability.

Key facts

What the official sources publish

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Eligible applicant and useIndividual or non-individual applicant engaged in farming; the used harvester must be purchased or refinanced for agricultural activities.View source

Applicant declares farming activity and agricultural use; the form provides Individual and Non-Individual customer types.

Source: RBL Bank RVF Business application form
Page / section: page 1, facility-purpose declaration; page 4, customer type
Accessed: 1 Oct 2026
Confidence: high

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Use of financePurchase a used harvester or refinance an existing harvester for agricultural use.View source

The product page mentions purchase of used harvesters and refinance against existing harvesters.

Source: Used Harvester Loan — RBL Bank
Page / section: Product overview and Key Benefits
Accessed: 1 Oct 2026
Confidence: high

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Maximum tenureUp to 5 years.View source

The product page states “Loan up to 5 Years.”

Source: Used Harvester Loan — RBL Bank
Page / section: Key Benefits, loan term
Accessed: 1 Oct 2026
Confidence: high

Open official source ↗

Processing fee2% for used-harvester funding.Effective 1 Apr 2026View source

The schedule groups Used Tractor, Used Harvester, Implement and Loan Against Tractor funding at 2%; it does not name a calculation base.

Source: Rural Vehicle Finance service charges effective April 2026
Page / section: page 1, Processing Fees row
Accessed: 1 Oct 2026
Confidence: high

Open official source ↗

Part/full prepayment and closureConflict: the product page advertises no part/full pre-payment charge*; the April 2026 RVF schedule lists 4% of principal outstanding within 12 months of disbursement and nil after 12 months. The schedule separately says Micro & Small Enterprise prepayment is nil. The product-page asterisk has no visible qualifier on the reviewed page; confirm the sanction/loan-agreement terms.Effective 1 Apr 2026View source

The product page says “No Part or Full Pre-payment Charges*”; the current schedule states 4% within 12 months, nil after 12 months and nil for . The form requires prior written bank consent and defers calculation/charges to the agreement.

Source: RBL Bank Used Harvester Loan page; Rural Vehicle Finance service charges effective April 2026; RVF Business application form
Page / section: Product-page Key Benefits; service-charge page 1, partial and full pre-closure rows; application-form pages 2 and 10
Accessed: 1 Oct 2026
Confidence: high

Open official source ↗

SecurityThe financed harvester is hypothecated to RBL. Keep it insured for market value against all risks; where required, RBL is named Loss Payee and insurance proceeds are applied to facility dues. The deed also permits asset inspection and repossession/sale following default.View source

The linked deed creates a charge over scheduled assets and requires insurance for market value/all risks, with the bank as Loss Payee where required.

Source: RBL Bank RVF / Tractor Loan deed of hypothecation (version dated 30 March 2024)
Page / section: Pages 1–3, security, insurance, Loss Payee and default-remedy clauses
Accessed: 1 Oct 2026
Confidence: high

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Required documentsBefore sanction: completed application, KYC documents and land documents. After sanction: asset insurance noting the bank's hypothecation, loan agreement, applicable registration-certificate details with bank hypothecation, accepted sanction letter, NACH / standing-instruction form / cheques and loan-kit documents. RBL may request more case-specific documents.View source

The form's explicit tractor-only invoice/RC clauses are not transferred to harvester variants; common documents and the bank's case-specific request are retained.

Source: RBL Bank RVF Business application form
Page / section: page 10, List of Documents, common pre-/post-sanction lists and case-by-case note; tractor-only invoice clauses not applied to harvester
Accessed: 1 Oct 2026
Confidence: high

Open official source ↗

Decision time stated in application formRBL says it will update the applicant on the loan decision in approximately 14 working days after receiving the completed form and all required documents.View source

The form states an approximate 14-working-day update period after the completed application and all required documents are received.

Source: RBL Bank RVF Business application form
Page / section: page 10, decision-time clause
Accessed: 1 Oct 2026
Confidence: high

Open official source ↗

Sanctioned-term validityThe form says sanctioned loan terms are valid for 30 days; if completion is delayed, RBL may revise terms at the time of actual borrowing.View source

The customer-copy form states the 30-day validity and bank's ability to revise terms if actual borrowing is delayed.

Source: RBL Bank RVF Business application form
Page / section: page 12, terms-validity clause
Accessed: 1 Oct 2026
Confidence: high

Open official source ↗

Benefits and features

Purchase a used harvester or refinance an existing harvester
Digital approval and easy documentation (as advertised by RBL)
Flexible instalment schemes
Loan term up to 5 years

Eligibility

The RVF application form requires farming activity and agricultural use; it accepts individual and non-individual customer types. RBL retains approval and sanctioned terms at its discretion.

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

Documents the bank lists

Completed application form
documents
Land documents
Asset insurance with hypothecation in favour of the bank
Loan agreement and applicable registration-certificate details with bank hypothecation
Accepted sanction letter
/ standing-instruction form / cheques and loan-kit documents
RBL may request additional case-specific documents

Try the numbers

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Loan repayment estimate

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Amount you want to borrowThe money you would receive from the lender.₹twenty-five lakh rupees₹50,000₹2,00,00,000Yearly interest rateThe percentage charged on the outstanding loan each year.%2%30%Time to repayA longer time usually lowers the monthly payment but raises total interest. months6 months360 months

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.

TableNo.Choose column

1 · Charge / conditionStamp duty and applicable charges

This value is copied from RBL Rural Vehicle Finance — service charges effective April 2026. Check the table notes before relying on it.

Source: Rural Vehicle Finance service charges effective April 2026 · page 1, complete schedule of charges and tax note Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 20 rows · 3 columnsRBL Rural Vehicle Finance — service charges effective April 2026Complete 17-row schedule from the current one-page bank PDF. The separate form fee table repeats the same schedule in bank and customer copies. Applicability, time bands, MSE exceptions and the tax note are retained; the no-prepayment-charge marketing claims on product pages conflict with these published rows.View tableHide table

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RBL Rural Vehicle Finance — service charges effective April 2026
No.	Charge / condition	Published amount or rule
1	Stamp duty and applicable charges	At actuals
2	Processing fee — new tractor / new harvester / combo funding	1%; the schedule does not state the calculation base
3	Processing fee — used tractor / used harvester / implement / loan against tractor	2%; the schedule does not state the calculation base
4	Document charges	₹1,700
5	Valuation — used tractor	₹1,000
6	Registration-certificate charges	₹200
7	Penal charges	3% of overdue instalment amount
8	Cheque / / dishonour	₹500 per instance
9	Asset repossession	At actuals
10	Legal charges	At actuals
11	Partial pre-closure within 12 months from disbursement	4% of principal outstanding
12	Partial pre-closure after 12 months from disbursement	Nil; schedule separately says partial prepayment charge for Micro & Small Enterprises is nil
13	Full pre-closure within 12 months from disbursement	4% of principal outstanding
14	Full pre-closure after 12 months from disbursement	Nil; schedule separately says prepayment charge for Micro & Small Enterprises is nil
15	Duplicate statement	₹250 per instance
16	Duplicate No Due Certificate / NOC	₹250 per instance
17	Loan cancellation / rebooking	₹2,000 per RVF case; franking/stamping as actuals if applicable
18	Cash repayment mode	₹2,000 one-time
19	Convert cheque / repayment to cash mode	₹2,000
20	Post-disbursement document pendency	₹2,000 one-time if the RC with RBL hypothecation is not submitted within 180 days of disbursal; discrepant documents count as not submitted and attract the charge

Effective April 2026. and other statutory taxes/cess are over and above starred charges except overdue charges, where the note says does not apply. Charges may be revised; check the current schedule before applying.
The numbers its fee rows 1–17; this transcription splits the processing group and the pre-closure time bands into separate rows for comparison, so the displayed table contains 20 condition rows while preserving all 17 source fee-number groups.
The product pages' “No Part or Full Pre-payment Charges*” claim conflicts with this schedule; no unshown footnote has been assumed.
Source: https://webassets.rbl.bank.in/document/service-charges/rural-vehicle-finance-soc.pdf, page 1, all rows and footnote.

Rural Vehicle Finance service charges effective April 2026 · page 1, complete schedule of charges and tax note · accessed 1 Oct 2026Open official source ↗

Table 2 · 11 rows · 2 columnsRBL RVF Business — document checklist and application termsA structured transcription of the complete form checklist and relevant offer/repayment conditions. Product-specific tractor requirements remain labelled and are not transferred to harvester/implement applications.View tableHide table

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RBL RVF Business — document checklist and application terms
Stage / term	Published requirement
Pre-sanction — all applicants	Application form; documents; land documents
Pre-sanction — used tractor	Current RC Book and valuation
Pre-sanction — new tractor	Pro-forma invoice
Post-sanction — new tractor	Invoice and margin-money receipt with asset details
Post-sanction — all relevant assets	Insurance with hypothecation in favour of the bank; loan agreement; registration-certificate details with bank hypothecation where applicable; accepted sanction letter; / standing-instruction form / cheques; other loan-kit documents
Additional documents	RBL may seek further information/documents case by case; incomplete or defective applications are not processed
Rate setting	Risk profile + credit-bureau score + tenor + product category; the borrower is separately informed of applicable rate and fixed/floating type
Repayment	Repayment amount and repayment/interest-servicing date are communicated separately in sanction / welcome letter; product pages advertise flexible instalments
Decision update	Approximately 14 working days after the complete application and all required documents are received
Validity of sanctioned terms	30 days; RBL may revise terms if completion is delayed
Prepayment consent and basis	Prior written bank consent is required by the form; charges/calculation are governed by the agreement and published charge schedule

Application Form RVF Business, page 10 for documents/charges/rate/repayment and page 12 for validity; page 2 includes prepayment-consent language. The same application is offered for six named finance options; exact product identity of Loan Against Tractor remains unresolved.
Full form page range reviewed: pages 1–13. Fee schedules on pages 11–12 are identical bank/customer copies; the current April 2026 service-charge is the controlling dated schedule for those amounts.
Source: https://webassets.rbl.bank.in/document/download-forms/application-form-rvf.pdf.

RBL Bank RVF Business application form · pages 1–4, 10–12; complete 13-page text review · accessed 1 Oct 2026Open official source ↗

Table 3 · 8 rows · 2 columnsSMA / NPA classification copied into the RBL RVF application formThe application form's complete overdue classification table and crop-season exception; kept distinct from product rate, tenor and fee terms.View tableHide table

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SMA / NPA classification copied into the RBL RVF application form
Classification / loan type	Overdue basis stated in the form
SMA-0	Up to 30 days overdue
SMA-1	More than 30 days and up to 60 days overdue
SMA-2	More than 60 days and up to 90 days overdue
— short-duration agricultural crops	Two crop seasons for monthly, quarterly or half-yearly repayments
— long-duration agricultural crops	One crop season for yearly repayments
— commercial loans	More than 90 days from the due date
Crop-season exception	Agricultural advances governed by crop-season-based asset classification norms are exempt from the SMA-classification instruction
Classification date	Account classification is processed at day-end for the relevant date

Transcribed from the form's page 10 classification table; the bank/customer-copy pages repeat it. Classification wording is retained as printed, not presented as an independent interpretation of rules.
Source: https://webassets.rbl.bank.in/document/download-forms/application-form-rvf.pdf, page 10.

RBL Bank RVF Business application form · page 10, SMA/ classification table and agricultural exception · accessed 1 Oct 2026Open official source ↗

RBL Bank Used Harvester Loan

What the official sources publish

Benefits and features

Eligibility

Documents the bank lists

Related official documents

Try the numbers

Loan repayment estimate

Find the exact published value

Complete rates, limits and schedules

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RBL Bank New Tractor Loan

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