Compare the tractor loan interest rate below.
| Bank Name | Interest Rate | Loan Amount | Loan Tenure |
|---|---|---|---|
| ICICI Bank | 13% p.a. to 22% p.a. | As per terms and conditions | Up to 5 years |
| State Bank of India | 9.00% p.a. - 10.25% p.a. | Up to 100% finance | Up to 5 years |
| HDFC Bank | 12.57% p.a. to 23.26% p.a.* | Up to 90% finance | 12 months to 84 months |
| Poonawalla Fincorp | 16% p.a. to 20% p.a. | Up to 90% - 95% finance | According to bank |
Empower your farming journey with the right financial support. At Bharat Agrimart's, we offer a variety of loan options to suit your specific requirements. Whether you are looking to invest in a new tractor, a used one, implements, or even a harvester, we have you covered. Explore our diverse range of loan offerings and take the first step towards achieving your agricultural goals.
Unleash the potential of modern farming with our New Tractor Loans. We understand the significance of a reliable tractor in boosting agricultural productivity. Benefit from competitive interest rates and flexible repayment options, ensuring you don't compromise on your farming ambitions.
Looking to invest in a pre-owned tractor? Our Used Tractor Loans provide a financial bridge to make it happen. Enjoy hassle-free documentation and attractive interest rates, allowing you to bring home the tractor you need without financial stress.
Upgrade your farming equipment with our Implement Loans. From plows to harvesters, we've got you covered. Flexible repayment options and quick approvals make acquiring the necessary implements a seamless process.
Invest in the latest harvesting technology with our New Harvester Loans. Avail yourself of attractive interest rates and financing options, ensuring you stay at the forefront of agricultural innovation.
Preserve your traditional harvesting methods with our Old Harvester Loans. Enjoy cost-effective financing solutions that honor your farming heritage.
Harness the equity in your tractor with our Loan Against Tractor. Quick approvals and convenient repayment options provide you with the financial flexibility you need.
For miscellaneous agricultural expenses, our Personal Loans offer a versatile financing solution. Whether it's for farm improvements or unexpected costs, our personal loans are tailored to meet your unique needs.
Specialization in Agricultural Equipment: We understand the unique needs of farmers, specializing in tractors and related equipment.
Extensive Network: Our wide network of dealers, lenders, and financial institutions ensures you have access to the best loan options available.
Tailored Solutions: We provide customized loan solutions based on your individual requirements, ensuring a perfect fit for your financial situation.
Transparency: We believe in transparent communication, ensuring you fully understand the terms, interest rates, and fees associated with your loan.
Online Accessibility: With our online services, the loan application and approval process becomes convenient and accessible, especially for those in remote areas.
Take the first step towards securing your agricultural future. Explore our loan options today at Bharat Agrimart's and experience farming with financial confidence. Get in touch with us to start your loan application process.
Protect Your Investment: While you're investing in your farm, don't forget to safeguard your equipment with our comprehensive Tractor Insurance. Learn more (link to insurance page).
Check out the frequently asked questions below.
Ans. All cultivators and farmland owners are eligible to apply for a new tractor loan.
Ans. The repayment period for a new tractor loan is typically 60 months (5 years), and the rate is decided based on the customer's repayment capacity.
Ans. No, property mortgaging is not required for a new tractor loan.
Ans. No, a guarantor is not required for a new tractor loan application.
Ans. Required documents include a filled application form, KYC documents, passport-sized photos, loan statements (if applicable), and land documents.
Ans. Individuals with a satisfactory credit history are eligible for a used tractor loan.
Ans. You can borrow up to 90% of the tractor's price with a used tractor loan.
Ans. Repayment and closure are allowed after 6 months with some charges as mentioned in the loan agreement.
Ans. Tractor Junction provides hassle-free used tractor loans.
Ans. Approval for a used tractor loan is immediate after the application is submitted.
Ans. Individuals aged 18 to 65 years with a satisfactory credit history can apply for an implement loan.
Ans. Yes, the implement loan can be used for various farming equipment.
Ans. Required documents include a filled application form, KYC documents, passport-sized photos, loan statements (if applicable), and land documents.
Ans. The repayment period for implement loans is typically 60 months (5 years).
Ans. Yes, implement loans can be availed with or without submitting collateral, providing flexibility to applicants.
Ans. The owner of the tractor is eligible for a loan against tractor.
Ans. No, you do not have to mortgage your tractor for a loan against tractor.
Ans. To be eligible, the owner must have paid at least 12 EMIs of the current loan.
Ans. Required documents include proof of ownership (RC), bank account statement, KYC documents, and PAN card.
Ans. Repayment and closure are not allowed for the first 6 months. After that, it can be done with charges mentioned in the loan agreement.
Ans. Personal loan eligibility depends on the lender's policy.
Ans. Required documents include a photo, identity proof, address proof, income proof, and a 3-month bank statement.
Ans. Yes, you can apply for a personal loan online at Bharat Agrimart's.
Ans. The age requirement for availing a personal loan is 23-57 years.
Ans. The interest rate for a personal loan ranges from 11.00% to 24.00%.
