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Business, & agriculture finance

Combine Harvester Loan

Term finance for a combine harvester and accessories, from ₹5 lakh to ₹35 lakh, with 20% margin and published credit-score criteria.

Loan amount₹5 lakh to ₹35 lakhInterest rate1-year MCLR + 3.50%. With SBI's 1-year MCLR at 8.70% effective 15 September 2026, the arithmetic benchmark-plus-spread is 12.20% p.a.; this is not a fixed-rate quotation.Customer typeIndividuals and groups of individuals, including JLGs and SHGs
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Quick eligibility check

Combine Harvester Loan

0 of 9 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: Individuals or groups such as JLGs and SHGs?

Published source: Eligibility

2Do you meet this requirement: minimum irrigated landholding is 3 acres for an individual or 5 acres for joint borrowers, or 15 acres of dry land?

Published source: Eligibility

3Do you meet this requirement: CRIF Highmark above 600, CIBIL above 650 or no credit history?

Published source: Eligibility

4Do you meet this requirement: Individuals and groups of individuals, including JLGs and SHGs?

Published source: Customer type

5Do you meet this requirement: combine harvester quotation or pro forma invoice?

Published source: Required documents

6Document checkDo you have this required document or proof: Application with photographs; combine harvester quotation/proforma invoice; agricultural land/cultivation proof; other sanctioned documents?

Published source: Required documents

7Document checkDo you have this required document or proof: Borrower application with photograph?

Published source: Required documents

8Document checkDo you have this required document or proof: proof of agricultural land/cultivation?

Published source: Required documents

9Document checkDo you have this required document or proof: any other document required at sanction?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 8 Oct 2026 · active
Offered byState Bank of India

India; individual products may have narrower eligibility or branch availability

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 amount₹5 lakh to ₹35 lakhEffective 5 Feb 2026View source
The current page states a minimum of ₹5 lakh and maximum of ₹35 lakh.
Source
Financing of Combine Harvester —
Page / section
Features — Loan Amount
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
Margin20% of combine harvester and accessory cost, excluding insurance and registration chargesEffective 5 Feb 2026View source
specifies 20% of the combine harvester and accessories cost and excludes insurance and registration charges from the margin basis.
Source
Financing of Combine Harvester —
Page / section
Features — Margin
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
RepaymentPrincipal-equated instalments with interest, paid half-yearlyEffective 5 Feb 2026View source
The current English page specifies half-yearly principal-equated instalments with interest but omits a numeric maximum term. An older Hindi page snippet, last updated 30 January 2025, says up to six years; the direct page fetch timed out, so that older figure is not presented as current.
Source
Financing of Combine Harvester —
Page / section
Features — Repayment; compare with older Hindi page version
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
Interest rate1-year MCLR + 3.50%. With SBI's 1-year MCLR at 8.70% effective 15 September 2026, the arithmetic benchmark-plus-spread is 12.20% p.a.; this is not a fixed-rate quotation.Effective 15 Sept 2026View source
The exact product row lists 1 Year and a 3.5% spread, with remarks '1Y + 350 bps'. The same lists 1-year at 8.70% effective 15 September 2026. 12.20% is arithmetic, not a separately published sanctioned rate.
Source
Agriculture Business — Interest Rates on Loans & Advances, as on 15 September 2026
Page / section
page 1, 1-year reference; page 3, ICGL row 6 — MC-ATL-Combine Harvester
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
EligibilityIndividuals or groups such as JLGs and SHGs; minimum irrigated landholding is 3 acres for an individual or 5 acres for joint borrowers, or 15 acres of dry land; CRIF Highmark above 600, CIBIL above 650 or no credit history.Effective 5 Feb 2026View source
The full current eligibility section gives individual/group eligibility, irrigated or dry-land minimums and the CRIF//no-history alternatives.
Source
Financing of Combine Harvester —
Page / section
Eligibility Criteria
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
Upfront / processing feeSBI's product page states 1.50% of the loan amount. Its current advances tariff separately lists 1.25%, 1.50% or 2.00% upfront-fee bands for other term loans by CRA/CUE rating, before GST; the product page does not explain which treatment controls.Effective 1 Jun 2025View source
The product-specific page, last updated 5 February 2026, says 1.50% of loan amount. current fee index still lists the 1 June 2025 AGL advances tariff, whose rating-based term-loan bands are 1.25%, 1.50% and 2.00% before . The reviewed sources do not state whether the product-page flat rate is a specific override; preserve both.
Source
Financing of Combine Harvester — ; Advances Related Service Charges — C&I, and AGL segments
Page / section
Product page — Fees & Charges; tariff pages 1–2, item 2(a), unified upfront-fee bands
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
Customer typeIndividuals and groups of individuals, including JLGs and SHGsEffective 5 Feb 2026View source
states 'Individual, group of individuals such as / , etc.'
Source
Financing of Combine Harvester —
Page / section
Eligibility Criteria
Accessed
25 Sept 2026
Confidence
high
Open official source ↗
Required documentsBorrower application with photograph; combine harvester quotation or pro forma invoice; proof of agricultural land/cultivation; any other document required at sanction.Effective 5 Feb 2026View source
The complete document list is transcribed from current Documents Required section.
Source
Financing of Combine Harvester —
Page / section
Documents Required
Accessed
25 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹5 lakh–₹35 lakh
  • 20% margin excluding insurance and registration
  • Half-yearly principal-equated repayments
  • 1-year + 3.50%; 1.50% processing fee

Eligibility

  • Individual or group borrowers; minimum 3 acres irrigated land for an individual, 5 acres for joint borrowers, or 15 acres dry land; CRIF Highmark above 600, CIBIL above 650 or no credit history.

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

Documents the bank lists

  • Application with photographs; combine harvester quotation/proforma invoice; agricultural land/cultivation proof; other sanctioned documents

Related official documents

Advances Related Service Charges — C&I, SME and AGL segmentsofficial-service-charge-document · current · accessed 25 Sept 2026
↗
SBI farm-mechanization product image endpoints — shared placeholder 404official-product-image-endpoint-review · not found after official-page and asset review · accessed 25 Sept 2026
↗
SBI Banks Agriculture Products — current official catalogueofficial-product-catalogue · current · accessed 25 Sept 2026
↗
Agriculture Business — Interest Rates on Loans & Advances, as on 15 September 2026official-pdf · current · accessed 25 Sept 2026
↗
Older SBI Hindi Combine Harvester page — search-result excerpt onlyofficial-product-page-search-excerpt · historical excerpt; direct fetch unavailable · accessed 25 Sept 2026
↗
SBI Combine Harvester linked product-artwork endpointofficial-product-image-endpoint-review · official endpoint returned HTTP 404 · accessed 8 Oct 2026
↗
Financing of Combine Harvester — current SBI product pageofficial-product-page · current page reviewed · accessed 25 Sept 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

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₹14,499fourteen thousand four hundred ninety-nine rupees
Interest paid over the full loan₹9,79,758nine lakh seventy-nine thousand seven hundred fifty-eight rupees
Everything you repay₹34,79,758thirty-four lakh seventy-nine thousand seven hundred fifty-eight 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.

MC-ATL-Combine Harvester · Benchmark1-year

This value is copied from Combine Harvester Loan — current benchmark and spread. Check the table notes before relying on it.

Source: Agriculture Business — Interest Rates on Loans & Advances, as on 15 September 2026 · page 1 benchmark; page 3, ICGL row 6 Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 1 row · 4 columnsCombine Harvester Loan — current benchmark and spreadThe exact SBI product row in the current Agriculture Business rate sheet.View tableHide table

Scroll sideways to view every column

Combine Harvester Loan — current benchmark and spread
product code descriptionBenchmarkSpreadIndicative sum using current benchmark
MC-ATL-Combine Harvester1-year 3.50%12.20% p.a. using 8.70% effective 15 September 2026; arithmetic, not a fixed quotation
  • page 3 row 6 states 1Y +350 bps; page 1 states 1-year 8.70% effective 15 September 2026.
Agriculture Business — Interest Rates on Loans & Advances, as on 15 September 2026 · page 1 benchmark; page 3, ICGL row 6 · effective 15 Sept 2026 · accessed 25 Sept 2026Open official source ↗
Table 2 · 6 rows · 2 columnsSBI agriculture term-loan upfront fee bandsCurrent tariff bands and exemptions, reused from the complete 11-page advances-fee review.View tableHide table

Scroll sideways to view every column

SBI agriculture term-loan upfront fee bands
Condition / ratingUpfront fee excluding
Agriculture term loan up to ₹2 lakhNil
Other term loan; CRA/CUE 1–41.25% of loan amount
Other term loan; CRA/CUE 5–101.50% of loan amount
Other term loan; CRA 11 or below/unrated or CUE 11 or below2.00% of loan amount
Bank loan up to ₹5 lakh to qualifying Micro/Small EnterpriseExempt if the borrower/unit meets the schedule classification
Term loan where upfront fee is recoveredNo separate loan processing charge
  • The current Composite Minor Irrigation page says its upfront fee follows extant guidelines, so this tariff supplies the applicable numeric bands. Tractor and Combine product pages each separately state a flat 1.50%; the tariff's generic rating-based bands create an unresolved scope conflict for those two schemes. is excluded from tariff amounts. Confirm the rating and classification used in sanction.
Advances Related Service Charges — C&I, and AGL segments · pages 1–2, item 2(a), unified upfront fee and exemptions · effective 1 Jun 2025 · accessed 25 Sept 2026Open official source ↗

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