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Loan Products > Agricultural Equipment

Powering Progress from the Ground Up

Agriculture sustains families, communities and much of Nepal’s economy. MHPL provides financing for eligible agricultural equipment purchases, helping farmers and agricultural businesses invest in the machinery they need to move their work forward. From preparing land and planting to harvesting and handling produce; the right equipment can support each stage of the season. MHPL helps farmers and agricultural businesses invest in mechanisation that can save time, improve efficiency and support more productive work throughout the season, subject to assessment and applicable terms.

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FOR INDIVIDUAL CUSTOMER

Photocopy of the citizenship of the applicant & guarantor
Recent passport size photo of the applicant & the guarantor
Copy of personal bank account statement for the last six months
Proof of income sources

(Business / Salary / Rental/ Pension/ Remittance etc.)

Copy of lalpurja / latest electricity bill/water bill
PAN Card for loan above NPR 2.5 million
CIC Report
Quotation of the vehicle.

IN CASE OF COMPANY

Registration Documents of the firm
MOA & AOA

(In case of Pvt. Ltd.)

Board Minute

(In case of Pvt. Ltd and partnership firm)

Special General Meeting minute

(wherever required)

Share Lagat
CIC report
Audit Report & Tax Clearance certificate
Quotation of the vehicle
For partnership firm Partnership deed

*Note: Required documents may vary depending on the nature of the business/ income. The above are the basic required documents.

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Frequently Asked Question

What agriculture equipment can I finance?

Tractors, power tillers, threshers, from approved authorized dealers.

Who can apply?

Farmers and agro-enterprises who have sufficient farm or business income to repay the loan.

Can I use the machine to earn income by hiring it out?

Yes. Income from hiring out the equipment to other farmers may be considered along with your farm income when we assess repayment capacity.

What documents do I need?

Citizenship certificate, land ownership certificate, proof of farm or business income, enterprise registration (where applicable), photographs, and the vehicle’s quotation. Additional documents may be requested at the time of the loan process if required for loan assessment.

Should I insure the equipment?

Yes. The machinery must be insured for the loan period.

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