Published Aug 04, 2022
Check eligibility criteria, inquire about required documents & top banks to apply loans with.
To be eligible for tractor loan, ensure your credit score is between 750-900. Ensure CIBIL score is not below 550.
Have an Aadhar card as address proof, age certificate (only 18+ can apply), Pan card as Photo proof, documents supporting ownership of mortgage, and copy of ITR fillings.
HDFC Bank, SBI Bank, AXIS Bank, ICICI Bank, Kotak Mahindra Bank, Mahindra Finance.
Loan repayment cycle of HDFC is upto 12-84 months, SBI has 5 years (1 month extra), Axis has upto 7 years & ICICI has upto 5 years.
A credit facility made available to the public by NABARD for short term agricultural or tractor loans.