L&T Financial- Tractor and Farm Equipment Finance

L&T 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 L&T tractor loan EMI calculator helps you check your monthly payments, making it easier to plan.

Read More

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

Read Less

Get Offers from L&T Bank

Our Happy Customers

4.8 star-rate star-rate star-rate star-rate star-rate
As a small farmer with limited credit history, I was worried about getting a loa... Read More

Laxmi Narayan

13 Jan 2025

star-rate icon star-rate icon star-rate icon star-rate icon star-rate icon
I had been rejected for a loan by another provider due to incomplete paperwork.... Read More

Imran

13 Jan 2025

star-rate icon star-rate icon star-rate icon star-rate icon star-rate icon
I struggled with the paperwork required for a tractor loan. Tractor Junction mad... Read More

Priyash

13 Jan 2025

star-rate icon star-rate icon star-rate icon star-rate icon star-rate icon
Last year, my crop yield was low, and I didn’t have enough savings to buy a trac... Read More

Vijay Sharma

13 Jan 2025

star-rate icon star-rate icon star-rate icon star-rate icon star-rate icon
I applied for a tractor loan through Tractor Junction and was amazed by how quic... Read More

Piyush

03 Jan 2025

star-rate icon star-rate icon star-rate icon star-rate icon star-rate

About L&T Bank Loan/Finance

Are you a farmer or business person looking to buy a tractor to ease your workload? The L&T Bank Tractor Loan is here to help! L&T 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 L&T 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 L&T Tractor Loan?

When applying for a L&T 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 L&T 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 L&T 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 L&T 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 L&T 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 L&T 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 L&T 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 L&T Tractor Loan EMI Calculator

The L&T 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 L&T 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.

L&T Financial Services has long been associated with the Rural Finance sector, supporting entrepreneurship and livelihoods. With the aim of providing easy finance for tractor and agricultural equipment, every customer is assured of the best deals. We also believe that flexible loan terms could help customers adjust their payment cycles to match crop patterns. So when it comes to reaping more, our customers will surely benefit.

Eligibility Criteria 

·    Age requirement: 18 years - 65 years

·    Income requirement: Articulated with the size of landholdings and per acre yield

·    Any other requirements: KYC compliance

Documentation:

Documents Farmer
Income Proof As per submissions made at the time of filing returns
Bank Statements Last 6 months
Other Documents Agricultural land document, NACH/ECS Mandate, PDCs, etc
ID Proof Aadhaar /PAN card
Age Proof Passport / Voter's ID card / Driving License / PAN card / Aadhaar card
Address Proof Passport / Latest telephone bill (landline) / Latest electricity bill / Latest bank account statement
Read More

Apply for Other Loan

Check out these loan types for your other needs.

Frequently Asked Questions for Tractor Loan

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

With the L&T 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 L&T 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 L&T Bank tractor loan, helping to reduce overall costs

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

Latest News and Updates on Tractor Loan

Banking
खुशखबर : किसान क्रेडिट कार्ड की लिमिट बढ़ाई, अब मिलेगा 5 लाख...
calender icon02 Feb 2025
Read News btn arrow
Banking
Income Tax Budget 2025 Live Updates: No Payable Tax for Inco...
calender icon01 Feb 2025
Read News btn arrow
Banking
आपके बैंक अकाउंट से कट गए पैसे तो घबराएं नहीं, जानिए वजह
calender icon28 Jan 2025
Read News btn arrow
Banking
किसानों को अब तुरंत मिलेगा लोन, बैंकों ने अपनाई यह खास तकनीक
calender icon14 Dec 2024
Read News btn arrow
Banking
अब हर जिले में सहकारी बैंक खोलेगी सरकार, किसानों को ऋण मिलना...
calender icon28 Nov 2024
Read News btn arrow
Banking
एलआईसी पॉलिसी पर मिलेगा सस्ता लोन, EMI से मिलेगा छुटकारा
calender icon01 Nov 2024
Read News btn arrow
Banking
बैंकों का लोन नहीं चुकाने वाले किसानों को मिलेगी राहत, सरकार...
calender icon31 Oct 2024
Read News btn arrow
Banking
कम सिबिल स्कोर वाले किसानों को मिल सकता है आसान लोन, करने हो...
calender icon12 Oct 2024
Read News btn arrow
Banking
खुशखबर : किसानों को मिलेगी बैंक ऋण पर छूट, ऐसे उठाएं लाभ
calender icon11 Oct 2024
Read News btn arrow
Banking
किसान अधिक ब्याज पाने के लिए इन 3 बैंक एफडी में करें निवेश,...
calender icon25 Aug 2024
Read News btn arrow
Banking
किसानों के लिए पोस्टऑफिस की जबरदस्त स्कीम, कम समय में डबल हो...
calender icon15 Aug 2024
Read News btn arrow
See All Loan News
scroll to top
Close
Call Now Request Call Back