 3 (2)-1758084631816.avif)
Tractor Loan
Tractor Loan
Empower your agricultural and commercial needs with Laxmi India Finance Ltd.’s (LIFC) Tractor Loan. Whether you are a farmer looking to upgrade your equipment or a business owner needing a tractor for commercial purposes, our tractor loan offers flexible financing options with competitive interest rates and easy repayment plans. Get quick approvals and minimal documentation to purchase a new or used tractor hassle-free.
 (1)-1759561246229.avif)
Features & Benefits
High Loan Amount:
Get up to 90% of the tractor’s market value.
Flexible Tenure:
Repayment period ranging from 6 to 48 months.
Competitive Interest Rates:
Affordable EMIs with attractive interest rates.
Fast Approval & Disbursal:
Quick processing to ensure timely purchase.
Minimal Documentation:
Easy paperwork for a hassle-free loan process.
Special Schemes for Farmers:
Exclusive benefits and subsidies for eligible farmers.
Loan for New & Used Tractors:
Financing available for both new and second-hand tractors.
No Additional Collateral Required:
The tractor itself serves as security.
Eligibility
To avail of our Tractor Loan, you must meet the following criteria:
Age
- Salaried individuals: 21 – 60 years (at loan maturity).
- Self-employed individuals: 21 – 65 years (at loan maturity).
Employment Type
- Salaried professionals working in agriculture or transport-related industries.
- Self-employed individuals, farmers, contractors, or business owners.
Minimum Business Experience:
- Salaried: At least 1 year of work experience.
- Self-employed: At least 2 years of agricultural or business continuity.
Credit Score:
- A minimum CIBIL score of 650+.
Income Criteria:
- Should have a stable income source for loan repayment.
Documents Required
Identity Proof:
Aadhaar Card / PAN Card / Voter ID / Passport
Address Proof:
Aadhaar Card / Utility Bill / Rent Agreement
Income Proof:
Latest 3 months' salary slips & bank statements
Employment Proof:
Offer letter or employment certificate
Photographs:
2 passport-size photos
Vehicle Loan Calculator
Use our Vehicle Loan Calculator to estimate your monthly installments based on:
Total Amount Payable:
₹15,85,809
Total Interest Payable:
₹5,85,809
Tractor Loan (FAQs)
 (2)-1758607028970.avif)
Frequently Asked Questions
Farmers, self-employed individuals, contractors, and salaried professionals in agriculture or commercial sectors can apply.
Customer Support:
Email: