Tractor Loan: Apply Loan for New Tractors Online in India

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What is a New Tractor Loan?

Access a comprehensive financial solution for your brand-new tractor with ease. Our Tractor Loans offer a hassle-free documentation process and swift loan approvals, ensuring you can acquire the ideal tractor without delay. We provide funding of up to 90% for the tractor of your choice through a streamlined procedure.

Forget the hassle of income documentation because our no-income document option is available, bringing you one step closer to owning your dream tractor. We’ve designed the repayment schedule to align with the crop cycle, allowing you to repay at your convenience. You have the flexibility to choose from various repayment methods, including ECS, post-dated cheques, or online payments. Take the first step towards turning your dreams into reality by applying for a Tractor Loan online today.

New Tractor Loan
Schedule of Charges Charges (inclusive of GST)
Processing Fees Upto 10%
Penal Charges 36% Per Annum on unpaid installment
Foreclosure Charges 4% of the future principal Outstanding
Other Charges
Bounce Charges Rs.750
Duplicate NDC/NOC Charges Rs.500

Tractor Loans EMI Calculator

Plan your budget and make your life easy with the tractor loan calculator. Get the total amount payable, EMI and processing fee, and other important information calculated in advance.

2L30K30K1L2L2L
₹ 30000 ₹ 2,00,000
29.99%11.99%11.99%21%25.5%29.99%
11.99% 29.99%
3666142136
6 Months 36 Months
Monthly Loan EMI 5,176
Principal Amount 30,000
Total Interest Payable 1,058
Total Amount Payable 31,058

Disclaimer : These results are for indicative purposes only. Actual results may vary. For exact details, please contact us.

Frequently Asked Questions

Tractor loans come under the category of agricultural loans. This Loan can be availed by farmers, non-farmers, individuals or as a group. At TVS Credit, the repayment options have been matched with the crop cycle for the borrower’s convenience.

Here’s why you should consider TVS Credit tractor loan.

  • Maximum funding
  • No income proof required
  • Easy documentation process
  • Quick Loan approval

The maximum tractor loan tenure at TVS Credit is up to 7 years.

At TVS Credit, the maximum loan amount for a tractor loan that can be borrowed to purchase a tractor is up to 90% of the tractor’s price.

Depending on the type of tractor loan opted for, the maximum tenure ranges from 48 to 60 months.

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