<span>Level Up Your Farming</span><br />Secure Your Used Tractor Loan Today! <span>Level Up Your Farming</span><br />Secure Your Used Tractor Loan Today!

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Used Tractor Details

Used Tractor Loans Features And Benefits

Quick Simplified Process

Experience paperless, hassle-free process along with quick approval & instant disbursal

Attractive Interest Rate

Reasonable and affordable interest rate with 80 – 90% funding

Flexible Repayment Options

Enjoy convenience in repaying tailored to your preferences and needs

Loan Eligibility

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

Documents Required For Tractor Loan

red arrow icon Duly filled application form with borrowers, co borrowers and guarantors photographs
tick-icon img ID proof, address proof and signature verification of the borrower as well as guarantor
tick-icon img Land documents as applicable and records of past loans availed if any

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About Used Tractor Loan

Farm owners looking to buy pre-owned tractors, should consider a used tractor loan because it helps farmers buy such tractors and meet their farming needs.

TVS Credit Services Ltd. offers flexible repayment options on used tractor loans and up to 90% funding on certain tractor brands. You can also choose from a variety of repayment methods to suit your preferences. 

Also, there are no lengthy documentation processes needed for used tractor loans. The loan process moves forward even with minimum documents. TVS Credit offers full transparency during whole lending process. Apply today for a used tractor loan and bring the tractor to your farm.

What are the Key Benefits of a Used Tractor Loan?

  • Repayment options: Repayment terms can be set according to the crop cycle so that loan repayment is easy and as per farmer’s convenience.
  • Maximum funding: Up to 90% funding is provided on a second-hand tractor so there is minimum down payment.
  • Fast documentation: Used tractor loan process is fast because there is minimal documentation.
  • Affordable interest rates: Used tractor loans are provided at affordable and reasonable interest rates that come within your budget.
  • Instant loan processing: Loan approval is done under 48 hours once the required documents are submitted successfully.

What are the Eligibility Criteria for Taking a Used Tractor Loan?

Nationality

Indian

Age

18 to 65 years (Agri background)

21 to 65 years (Commercial background)

Employment Status

Active

Employment Stability

One year minimum

What are the Documents Needed to Take a Used Tractor Loan?

  • Address Proof: Electricity Bill, Passport, or Ration Card Copy
  • Income Proof: Documents to support loan repayment
  • KYC: Passport, PAN, Aadhaar, Driving License, Voter’s ID Copy
  • Asset Documents: Supporting ownership of assets, including land

What are the Charges on Used Tractor Loans?

It is important to note that there can be some additional charges including the ones given 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

How to Apply for a Used Tractor Loan?

You can put in the loan application in the following three simple steps:

  • Select a good second-hand tractor for which you need the loan.
  • Submit all the necessary documents to get quick loan approval.
  • Once the loan gets approved, full amount will be transferred to your bank account.

If you need any type of help regarding used tractor loans, then fill out the form given on the website with all the necessary details. We will contact you immediately to help you out with your queries.

Frequently Asked Questions On Used Tractor Loan

1. What is a used tractor loan?

A used tractor loan helps farmers buy second hand tractors on easy EMIs.

The interest rate can range between 14 and 34% at TVS Credit.

Up to 90% funding is available as the maximum loan amount.

Based on different factors, the maximum tenure may range can be between 48 and 60 months for a second tractor loan at TVS Credit Services Ltd.

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Disclaimer
The Website is only providing services by providing indepth & well-researched information on various vehicles and implements to the Users. If you express your interest in any of the vehicles or implements whose information is provided on the Website, Your details shall be shared as a sales lead for TVS Credit. The Website neither facilitate, in any manner, the purchase and sale of any vehicle or implement whose information is displayed and does not as a 'live/online marketplace' in terms of Information Technology Act, 2000 (as amended from time to time) nor provide loans.
All images displayed on this Website are for illustration and representation purposes only. Actual vehicle, specifications, colors, and features may vary from those shown in the images. Tractorkarvan does not guarantee that the images accurately reflect the final product.
*The price disclosed against the each used vehicle /product displayed herein is the Base Price. The final price of the each of the product shall be determined in accordance with the Residual Management Policy of TVS Credit Services Limited.
**The price disclosed against all new products herein is an indicative Price. The final price of each of the respective product will be determined in accordance with the discounts/offers/regional taxes & govt. norms at your final purchase location's dealership/platform/store.