AXIS Bank- Tractor Loan

AXIS tractor loan help farmers and business owners to buy tractors easily. With this loan, you can finance the purchase and pay it back in small, manageable amounts. The AXIS tractor loan EMI calculator helps you check your monthly payments, making it easier to plan.

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The AXIS tractor loan interest rate is competitive, with flexible repayment terms, including options for up to 5-7 years. By using the AXIS tractor loan calculator, you can check the EMI based on your budget, ensuring the loan is affordable and fits your financial needs.

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Our Happy Customers

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I decided to start a new farming venture, but I needed a tractor for it. Tractor... Read More

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06 Jan 2025

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I was constantly spending money on repairs for my old tractor. Tractor Junction... Read More

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06 Jan 2025

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I’ve been slowly expanding my farm, but I needed a new tractor to keep up with t... Read More

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06 Jan 2025

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I run an orchard, and I needed a specialised tractor to manage my land. Tractor... Read More

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06 Jan 2025

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I had an amazing experience with Tractor Junction while getting my tractor loan.... Read More

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About AXIS Bank Loan/Finance

Are you a farmer or business person looking to buy a tractor to ease your workload? The AXIS Bank Tractor Loan is here to help! AXIS offers financing options that cover up to 90% of the tractor’s value, making it easier for you to purchase without paying the full cost upfront.

With a AXIS Tractor Loan, you can buy new or used tractors at competitive interest rates, and less land mortgage is needed. You’ll also enjoy flexible repayment terms, insurance coverage, and a choice of tenures. Tractor Junction aims to support farmers and business owners, helping you invest in a vehicle that powers your work and success.

What Do Farmers Need to Get a AXIS Tractor Loan?

When applying for a AXIS Bank tractor loan, farmers must meet certain requirements to increase their chances of approval. Understanding these key factors can help simplify the process. Check the things farmers need to have to successfully obtain a tractor loan, including land ownership, income proof, and necessary documentation.

  • Land Ownership: Farmers must own land to qualify for a AXIS Bank tractor loan. Without owning land, the chances of getting a loan are low, as this is a key requirement for all banks. Under the AXIS tractor loan schemes, farmers can receive 70-90% of the loan based on these factors.
  • Land Verification: Farmers need to provide documents proving ownership of their farming land. This verification process ensures eligibility for the loan, as required by most banks, including AXIS tractor loan interest policies.
  • Monthly Income Proof: Proof of regular monthly income is necessary to show that farmers can repay the loan. Banks use this to determine loan approval.
  • CIBIL Score: A CIBIL score is mandatory to secure a AXIS Bank tractor loan. Even if farmers have a low credit score, they can still apply for loans. However, maintaining timely repayment is crucial to improving their standing. While a lower score may be accepted, having a better CIBIL score significantly increases the chances of obtaining a lower interest rate on the loan.
  • Old Tractor or Additional Business: Farmers who own an old tractor or have another business can qualify more easily for loans, improving their chances of loan approval.
  • Documentation: Proper paperwork is crucial, but banks like AXIS Bank offer easy documentation processes, making it simpler for farmers to get up to 90% of the loan amount.
  • EMI Interest Rate: The interest on AXIS tractor loans can vary depending on how often it is calculated. It may be calculated monthly, quarterly, or yearly. This means that the total interest paid on the loan will be different depending on the chosen payment schedule.

What is AXIS Tractor Loan EMI Calculator

The AXIS Tractor Loan EMI Calculator is a handy online tool that helps you estimate your monthly payments. By entering the loan amount, interest rate, and loan tenure, the calculator provides an accurate EMI figure to help you plan your finances.

With the AXIS tractor loan calculator, you can adjust the loan amount and tenure to find a repayment option that works best for your budget. It’s a smart way to ensure you can comfortably manage your payments before applying for a loan.

Axis Bank brings to you easy and hassle free Tractor Loans. We realize how imperative tractors are to your livelihood and so, with our Tractor Loans, you are assured one of the best deals in the market along with a range of attractive features:

Key Features

  • Zero foreclosure charges*
  • Flexible repayment options
  • Special interest rate for farmers with multiple sources of income
  • Repayment period up to 7 years
  • Quick processing and doorstep service

Eligibility

  • Minimum age of applicant should be 21 years.
  • Maximum age of applicant should be 75 years as on date of funding.
  • Minimum 3 acres of land holding for farmers.

Required Documents

Documents Valid Documents
Proof of Identity Copy of Passport 
Copy of PAN Card 
Copy of Voter's ID 
Copy of Driver’s License 
Copy of front page of bank pass book giving name, 
address, photograph of the customer attested by bank 
Address Proof Copy of Land extracts 
Copy of Ration Card 
Copy of Passport 
Signature Proof Copy of Driver’s License 
Copy of Passport 
Copy of PAN Card 
Age Proof Copy of Driver’s License 
Copy of Passport 
Copy of PAN Card 
Proof of Land Ownership Land Ownership documents

Schedule of Charges

Type Charges
Cheque Bounce / Instrument Return Charges Rs 500/ Instance
Cheque / Instrument Swap Charges Rs 500/ Instance
Duplicate Statement issuance charges Rs 500/ Instance
Duplicate Repayment Schedule issuance charges Rs 500/ Instance
Duplicate No Dues Certificate / NOC Rs 500/ Instance
Late repayment penalty 2% per month
Loan cancellation / Re-booking Rs 500/ instance
Stamp Duty On Actuals
Issuance of Credit Report Rs 50/ Instance
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Apply for Other Loan

Check out these loan types for your other needs.

Frequently Asked Questions for Tractor Loan

The AXIS tractor loan helps farmers and business owners buy tractors by financing their purchase and allowing repayment in manageable amounts.

With the AXIS Bank tractor loan, you can finance up to 70-90% of the tractor’s value, making it easier to buy a new or used tractor.

You can apply for the AXIS tractor loan online by visiting Tractor Junction, filling out the application form, and submitting the required documents.

Yes, eligible borrowers can benefit from subsidy options under the AXIS Bank tractor loan, helping to reduce overall costs

After applying, you can easily check the AXIS tractor loan status online to track the progress of your application.

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