Implement Loan/Finance/Refinance

A tractor implement loan is a financial aid designed to help farmers and others buy essential farming equipment, such as harvesters, threshers, seed drills, and other tools. Agriculture Equipment loan makes it easier for farmers to get the machinery they need to improve their work and productivity. 

Tractor Implement Loan in India

Many banks & financial institutions offer agriculture equipment loans with different features and interest rates and help the farmers get the farm implement loan easily without any hassle. Such kind of facilities help farmers to invest in essential implements for their agricultural needs. 

Agriculture Implement Loan Features

• Repayment plans aligned with crop cycles for ease of repayment.
• No hidden charges which provide clear and upfront cost information.
• Comprehensive financing for agricultural equipment from various manufacturers.
• Flexible Repayment terms up to 84 months which makes it easier to manage your loan.
• Fast approval with minimal documentation required.
• Receive notifications on your registered mobile and email about your  EMI. It ensures you never miss a payment.
• Simple eligibility criteria and easy documentation for hassle-free loan processing.

Agriculture Equipment Loan Benefits:

• Tractor implement loans help you buy your dream implement which increases your productivity and income.
• Attractive interest rates make agriculture implement loans affordable.
• Fast loan approval and disbursement lets you get your tractor equipment quickly.
• A reasonable loan processing fee keeps the cost low.
• Easy paperwork makes the farm equipment loan application process easy.

How to Apply for a Tractor Implement Loan on Tractor Gyan?

• Visit the Tractor Gyan website.
• Go to the section dedicated to tractor implement loans. 
• Fill up the details in the tractor implement loan form such as implement category, brand, model, your name, mobile number, state, district, and tehsil.
• Click on the “Submit” button and relax.
• Our customer service team will contact you about the farm equipment loan.

Eligibility Criteria for Tractor Implement Loan

• Age Eligibility: Applicants must be between 18 and 65 years old.
• Income Eligibility: Eligibility is based on the size of land holdings and per acre yield.

Documents Required for Tractor Implement Loan

ID Proof (Primary KYC)

• Aadhaar Card
• PAN Card or any valid proof

Address Proof (Secondary KYC)

• Voter's ID Card
• Driving License
• Passport
• Latest Telephone Bill (landline)
• Latest Electricity Bill

Land Ownership Proof

• Agricultural land document

Other Documents

• Last 3 months' bank statement
• Photographs

Tractor Implement Loan Interest Rates & Charges

Tractor Implement loan interest rates and charges vary by bank and the type of loan. 

• Processing Fees: Up to 10% of the loan amount.
• Foreclosure Charges: 2% to 4% of the remaining principal amount.
• Interest Rates: 10 to 18%* per annum, also depending on the CIBIL score of the applicant  

How Tractor Gyan help you get a Tractor Implement Loan?

TractorGyaan provides detailed information about various agriculture implement loans available from different banks and financial institutions and helps you get the best tractor implement loan interest rates.