| Must be a farmer or individual with agri usage |
| Must have proof of income and proof of land holding |
| A good CIBIL score determining the creditworthiness in eye of lenders |
Duly filled application form with borrowers, co borrowers and guarantors 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
Purchasing a new tractor is a significant investment for farmers, and a tractor loan is designed to shoulder this investment. We at Tractorkarvan offer a tractor loan facility to provide the necessary funds to purchase a new tractor. It comes with attractive interest rates and flexible repayment options. The facility is simple to use and ensures that the loan application process is quick and completely digital.
You can get a new tractor loan with a longer repayment cycle. Thus, you get enough time to repay your loan amount in easy EMIs.
We offer most attractive interest rate for a tractor loan in the market.
You may get a funding of 60 – 90% of the tractor cost. Thus, you can get a new tractor with a minimum down payment.
We offer hassle-free documentation with a quick disbursal process. You need to submit the correct documents to get instant approval for your tractor loan.
We also provide insurance that covers the outstanding loan amount against accidental death or permanent disability of the buyer.
The eligibility norms for taking a tractor loan on the platform are not stringent. Following are the eligibility norms for a new tractor loan:
Depending upon your CIBIL score and documents available, the loan-to-value (LTV) ratio varies from 60% to 90%. However, the final loan value will vary from lender to lender / bank to bank.
We have simplified the tractor loan application process, where only minimal documentation is required. These are:
The loan application process on the platform is streamlined, easy and user-friendly. To apply for a tractor loan, you need to fill out the form available on the platform for further processing. You will get a call back after you have submitted the form.
The tractor loan facility on the platform comes with a host of benefits. These are:
In addition to the above, we also offer Used Tractor Loan, Implement loan for purchasing implements, Used Commercial Vehicle Loan, and Used Car Loan.
Tractorkarvan is the best platform for taking a tractor loan, which is a secured loan wherein the tractor is kept as collateral. Taking a tractor loan from Tractorkarvan brings immense benefits to farmers, including flexible repayment options and attractive interest rates, among others.
By availing Tractorkarvan Loan, farmers can enhance their productivity, improve efficiency, and optimise their agricultural operations by utilising modern and efficient tractor equipment. In all, we offer a comprehensive loan facility for the differing needs of farmers at the best rate of interest.
You can apply for a tractor loan simply by filling your minimum basic details in the form and click “Apply Now”. We will call you back for further processing.
Eligibility for a tractor loan includes a minimum CIBIL score and an agriculture land on the name of person seeking a loan.
You can get a hassle-free used tractor and implements loan on Tractorkarvan.
The documents required for a tractor loan includes; (i) duly filled application form with borrower's photographs, (ii) land documents as applicable and records of past loans availed, if any, and (iii) ID proof, address proof and signature verification of the borrower.
The overall process of approving a tractor loan is very quick subject to fulfilment of document and verification requirements.
You can foreclose your loan as per the foreclosure terms mentioned in your loan agreement.
A CIBIL score between 500 – 900 is needed to get a tractor loan.
You can get tractor loan, used tractor loan, used commercial vehicle loan and used car loan on Tractorkarvan.
The interest rate on implement loan varies from person to person depending on the credit score, amount of loan needed, and landholding a farmer has.
The minimum age required for personal loan is 18 years.
