Level Up Your Farming Secure Your Used Tractor Loan Today! Level Up Your Farming Secure Your Used Tractor Loan Today!

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Used Tractor Loans Features And Benefits

Simplified Process

Experience a paperless, hassle-free process, making loan applications quick and convenient

Attractive Interest Rates

Our reasonable and affordable interest rates come with up to 90% funding

No income document scheme

Get a used tractor loan without any traditional income documentation. Our no-income document scheme makes it easy to get a loan for everyone

Negotiable Loan Terms

Enjoy flexibility in repayment tenure, tailored to your preferences and negotiable to suit your needs

Quick Disbursement

Experience rapid fund allocation with minimal paperwork, ensuring a quick turnaround time for your financing needs

Used tractor loan Eligibility Criteria

Age

Between 18 to 65 years* old for users from agricultural backgrounds, and between 21 to 65 years* old for others

Employment Status

Must be actively employed

Employment Stability

Minimum 1 year of stable employment

Essential Documents for used tractor loan

KYC Documents (Any one)

Passport
Voter ID Card
Aadhaar Card
Driving License
PAN Card

Valid Address Proof (Any one)

Passport
Electricity Bill
Ration Card

Income Proof (Any one)

To support repayment of Loan

Valid Assets Proof

Agricultural Land Ownership Document or others

Other Documents

Bank Statement or Passbook

How to apply for a Used Tractor Loan?

Select Your Vehicle

Decide the tractor for which you want to avail of the Loan.

Get Approval

Submit the required documents and get an instant approval.

Loan Sanction

After approval, get your Loan disbursed without any delay.


Customers Speak

The overall loan process is easy, quick, and hassle-free. My Used Tractor loan got approved and disbursed instantly.
N
Nikhil
The loan approval & processing was done on the Tractorkarvan platform digitally. They offered flexible repayment option and this is very unique feature. I highly recommend everyone to take used tractor loan only through Tractorkarvan.
K
Karan
Tractorkarvan platform made the process very transparent. There were no hidden charges and that’s why I can trust Tractorkarvan completely.
R
Raju
Used Tractor loans offered on Tractorkarvan platform is the best in the industry. They assist you completely & ensure the processing is done very quick & very transparently.
R
Rajesh

Customer Video Review

Farmer Shares his Implement loan buying Experience -Tractorkarvan & TVSCredit enabling them prosper

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Blogs About Used Tractor loans

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Used Tractor Loan

Are you using a tractor and want a loan on your used tractor? Tractorkarvan offers hassle-free old tractor loans at highly competitive interest rates with minimum documentation. You can check your eligibility to unlock the actual value of your old tractor and get up to 90% financing.

Used Tractor Loan: Key Features

  • You can customise your EMIs and repay the loan as per your needs and convenience.
  • We have a team of industry experts to help you arrive at the exact tractor valuation of your pre-owned tractor and expedite the complete old tractor loan process.
  • We finance up to 90% of the used tractor's value depending upon your credit score, tractor's condition, etc.

Why Choose Tractorkarvan for a Used Tractor Loan

  • The old tractor loan is designed as per the crop cycle and farmers' requirements.
  • Dedicated assistance at each step, from applying for a loan to the credit of an old tractor loan in your account.
  • Quick and easy approval with minimal documentation and digital disbursement of loan amount.
  • Flexible repayment options based on crop cycle, income, and loan tenure (monthly, quarterly and half-yearly).
  • No income documentation scheme makes it easy for everyone to get a Used Tractor loan.

Eligibility for Taking a Used Tractor Loan

Individuals or farmers using tractors are eligible for the old tractor loan. Additionally, the following conditions need to be met:

  • Age: 18-65 years for farmers and 21-65 years for individuals.
  • A credit score or CIBIL score between 500 and 900.
  • Used tractor shall be free from any loan.

Documents Required for Used Tractor Loan

Following documents need to be kept handy, if you are planning to take an old tractor loan.

  • KYC Documents: Aadhar Card, PAN Card, Passport, Voter ID Card, Driving License
  • Proof of Address: Electricity Bill/ Passport/ Ration Card
  • Income Proof: To support repayment of loan
  • Asset Proof: Agriculture Land ownership document and Tractor Registration Certificate (RC)
  • Others: NOC from financer if tractor is financed previously/ bank statement/ passbook

How to Apply for a Used Tractor Loan?

The process of an old tractor loan on Tractorkarvan is simple, user-friendly, and digital. You can avail yourself a Used Tractor loan in few simple steps. These are:

  • Select the Used Tractor you want to get financed.
  • Fill in the basic details, submit the loan application form, and get the loan approval.
  • Get your loan sanctioned and amount disbursed instantly.

We simplify the financing process and provide farmers with the necessary support.

Frequently Asked Questions on Used Tractor Loan

1. What is the rate of interest for old tractor loan?

Rate of interest for old tractor loan varies from banks to banks. You can contact Tractorkarvan to know the exact interest rate.

The maximum amount offered for an old tractor loan is up to 90% of the used tractor’s value.

The old tractor loan tenure is aligned to your cropping cycle but to know the exact loan tenure contact Tractorkarvan.

An individual or farmer willing to buy a used tractor can apply for an old tractor loan. Besides, they need to meet the eligibility criteria also.

Tractorkarvan provides the hassle-free old tractor loan.

Disclaimer: The submission of documents for availing Used Tractor Loan on Tractorkarvan should not be assumed as approval of the loan. Tractorkarvan reserves the right to approve or disapprove the Used Tractor Loan.

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