Tractor Loan/Finance/Refinance

Tractor loans fall within the category of agriculture loans. This loan can be applied by an individual or group of individuals. The repayment can be done by the entire group of individuals or by a single individual within the group. This loan follows the equated monthly installment (EMI) schedule.

Tractor loan is offered by several banks at a lower interest rate starting at 8.80% as on 18 Apr 2022. Banks/ FIs generally provide the loan upto 90% of value of the tractor.

Some common Documents are adress proof, identity proof, proof of land holiding etc and document require for tractor loan vary from bank/FI to bank/FI.

The best tractor financing programs require credit scores over 680 but there are programs in the marketplace for most credit profiles. Often, tractors can be financed with FICO scores all the way down to 500 based on cash flow, collateral, or other factors.

You can pay the EMIs on a monthly, quarterly and half yearly basis without any worry of financial burden.

The Tractor Supply Company® Credit Card requires a credit score of 640, at a minimum. That means you will need fair credit or better to get approved.

Convenience: Minimal documentation Reach: Strong network of branches in rural and semi-urban India Speed: Loan approval within 2 working days

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