
Sundaram Finance Group- Tractor Loans & Agriculture Equipment Finance
Sundaram 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 Sundaram tractor loan EMI calculator helps you check your monthly payments, making it easier to plan.
The Sundaram tractor loan interest rate is competitive, with flexible repayment terms, including options for up to 5-7 years. By using the Sundaram 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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About Sundaram Bank Loan/Finance
Are you a farmer or business person looking to buy a tractor to ease your workload? The Sundaram Bank Tractor Loan is here to help! Sundaram 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 Sundaram 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 Sundaram Tractor Loan?
When applying for a Sundaram 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 Sundaram 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 Sundaram 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 Sundaram 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 Sundaram 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 Sundaram 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 Sundaram 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 Sundaram Tractor Loan EMI Calculator
The Sundaram 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 Sundaram 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.
Finance for new and used tractors, combined harvesters and other farm implements for all categories across manufacturers atattractive interest rates!
The entire process is transparent. Our experienced staff will gladly guide you through every step of buying a new tractor.
What do you enjoy out of this?
- Quick documentation
- Speedy Approval
- Tailor – made repayment structure
- Attractive interest rates
- All this supported by excellent customer service, is sure to make your experience with us, a pleasant one.
All this supported by excellent customer service, is sure to make your experience with us, a pleasant one.
Who can avail a Tractor loan?
- Farmers
- Contractors
Re-payment:
Monthly, Quarterly and Half Yearly repayment is available. The frequency is custom made to suit the borrower in order to map it with his income / cash generation.
Add-on benefits:
Insurance Finance:
We also offer customisable insurance options for your tractors. It is an add - on facility for fresh insurance and renewals. 90% of the insurance premium is extended as loan and is repayable in 4 or 6 easy instalments.
Tyre Finance:
This easy finance option lets you purchase tyres on credit for your tractors, and thereby eases your cash flow.
Fleet Card:
The Fleet card is an effective fuel management tool that provides customers an efficient way of purchasing auto fuels like diesel and lubricants for your tractors.
Sundaram Credit Protect:
The Life Insurance cover with affordable premium charges and easy procedures for individuals and proprietors who have availed tractor loan from us. This covers natural and accidental death of the borrower applicable from the date of agreement.
Terms & Conditions Apply.
Hurry! Contact your nearest branch from our vast network of 577 branches in India or write to wecare@sundaramfinance.into own your own tractor!
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