Published May 19, 2023
Tractor loans are more popular in India's semi-urban and rural regions. Tractor Junction promises to supply farmers in India with a variety of tractor loans and also offers low-interest tractor loans with minimum paperwork.
Before applying for a tractor loan, you must fulfill eligibility criteria 18 years (Minimum Age), 65 years (Maximum Age), and valid Income Proof & minimum land holding of at least 2 acres.
The list of reliable documents required for new tractor loan applications is Land Ownership Proof, 3 Months Bank Statements, Address Proof & Identity Proof (Valid Voter ID/Passport/Driving License), and CV 12 Months Track Record.
For getting the new tractor loan, follow these simple steps- Just fill the form, compare different offers for acquiring the best loan, get immediate approval from the bank, and get instant money in your account.
You can compare the tractor loan interest rate from the multiple banks at easy interest rates. ICICI Bank can get you an interest rate of 13% p.a. to 22% p.a, SBI's interest rate is 9.00% p.a. to 10.25% p.a., and HDFC Bank interest rate is 12.57% p.a. to 23.26% p.a.*.
The EMI calculator for tractor loans can help you figure out your monthly payment. You will receive the tractor EMI as soon as you submit your information into the tractor loan interest rate calculator.