Experience paperless, hassle-free process along with quick approval & instant disbursal
Reasonable and affordable interest rate with 80 – 90% funding
Enjoy convenience in repaying tailored to your preferences and needs
| 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
Tractorkarvan
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A used tractor loan is a valuable financial product for farmers looking to buy pre-owned tractors on loan and pay them back over a specific period. It is more affordable than buying a new tractor, as second hand tractors are usually cheaper in the market. TVS Credit Services Ltd. offers a wide range of facilities on used tractor loans, including flexible repayment schedules and up to 90% funding on certain tractor brands. Also, you can choose from a variety of repayment methods to suit your preferences.
Worried about extensive documentation? There is minimal documentation to speed up the loan application and approval process. To this effect, there is also no need to submit traditional income documentation. In addition, there is total transparency across the entire used tractor loan process to ensure you get a fair deal. So, what’re you waiting for? Apply today to benefit from convenient used tractor loans for quick funds for second hand tractors.
|
Nationality |
Indian |
|
Age |
18-65 years (Agri background) 21-65 years (Commercial background) |
|
Employment Status |
Active |
|
Employment Stability |
1-year minimum |
Kindly note that there can be additional charges involved other than the ones mentioned below.
|
Fee Type |
Charges Applicable |
|
Processing Fees |
Up to 10% |
|
Penal Charges |
36% Annually on unpaid instalments |
|
Foreclosure Charges |
4% of the future Principal Outstanding |
|
Duplicate NDC/NOC Charges |
Rs. 500 |
|
Bounce Charges |
Rs. 750 |
Loan application made easy for you in 3 simple steps
Enjoy fast disbursal after approval.
A used tractor loan allows you to buy a second hand tractor on easy EMIs.
The interest rate may range from 14 to 34% at TVS Credit.
Up to 90% funding is available as the maximum loan amount.
Based on different factors, the maximum tenure may range between 48 and 60 months for a used tractor loan at TVS Credit.
