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Tractor Loan/Finance/Refinance

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TVS CREDIT

Introduction

Sow aspirations and harvest prosperity with our Tractor Loan. Avail a loan as great as the tractor you want to buy.

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FEATURES & BENEFITS OF TRACTOR FINANCE

  • Up to 80% funding on TAFE and Eicher tractors
  • Speedy loan processing
  • Hassle-free documentation
  • Flexible repayment options marked to crop cycle
  • Repayment tenure from 48 to 60 months.
  • Loan with LTV above 65% would require a guarantor.

ELIGIBILITY FOR TRACTOR FINANCE

  • Farmers with Agri Land in their own name (Max LTV 80%)
  • Duly filled application form with borrower’s, co borrower’s and guarantor’s photographs.
  • ID proof, address proof and signature verification of the borrower as well as guarantor.
  • Land documents as applicable and records of past loans availed if any
  • Non Farmers with Agri and Commercial usage (Max LTV 80%)
  • Duly filled application form with borrower’s, co borrower’s and guarantor’s photographs
  • ID proof, address proof and signature verification of the borrower as well as guarantor
  • Land documents as applicable and records of past loans availed if any
  • Farmers / Non Farmers with high equity – Express Loans (Max LTV 60%)
  • Duly filled application form with borrower’s, co borrower’s and guarantor’s photographs
  • ID proof, address proof and signature verification of the borrower as well as guarantor
  • Land documents as applicable and records of past loans availed if any

SECOND HAND TRACTOR REFINANCE LOANS

TVS Credit offers to sanction new loans against your current vehicle at a completely customised payment schedule where you choose the duration of the loan and can switch from a fixed-rate to an adjustable-rate.

TOP UP LOANS

TVS Credit offers you Top Up Loans that help you do more than fulfil just one need. From home improvement to travel, a top up loan covers all your personal needs at a much more attractive interest rate.

Popular Tractor

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Sonalika DI 60 Sikander DLX TP
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New holland 3630 TX Super Plus+
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Frequently Asked Questions About Tractor Loan/Finance/Refinance

A tractor loan is a type of financing provided by banks or financial institutions to help farmers and buyers purchase a tractor. It allows you to pay the cost in easy installments instead of a lump sum.

Tractor Loan interest rate starts from 9.00% p.a and goes up to 20.00% p.a.

Some commonly required Documents for a new tractor loan are address proof, age proof, identity proof, ownership proof, etc and required documents for a tractor loan vary from bank/FI to bank/FI.

For tractor finance credit score of more than 680 is required but in some cases applicant credit score as low as 520 is also able to get a tractor loan.

Yes, you can pay the tractor finance through EMIs on a monthly, quarterly, and half-yearly basis.

No, you don't have to mortgage land to get a tractor loan.

There is no fixed minimum-maximum amount for tractor loan. Tractor loan amounts can be customized to suit your individual needs.

The maximum loan amount that you can get is 90% of the total tractor price.

Best banks for tractor finance are SBI Bank, HDFC Bank, Kotak Mahindra Bank, Central Bank of India, Axis Bank, bank of Baroda, IndusInd Bank, ICICI Bank, and more.

Tractor loan tenure varies from 12 months to 84 months.

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