Tractor Loan


Get up to 90% funding on purchase of new Tractor.

Key Features

Loan amount up to ₹10 lakhs

Minimum documentations required

Quick loan process

Monthly/Quarterly/Half-yearly payment options available

Tractor Loan EMI Calculator

Amount

20K 10L

20K

Period

12 Months 60 Months

12

Interest Rate

14 % 24 %

14%

You will pay Tractor Loan EMI of only ₹1,796/- monthly

Eligibility

Who can avail this loan?

Farmers, Non-farmers / Commercial users.

What can you take the loan for?

Loan for purchase of Tractor

Documents required

  • Any valid identity/address proof such as Passport, Aadhaar card, Driver’s license, Voter Id
  • Land holding document. – Not more than 3 months hold
  • Bank statement (Only for applicable schemes)

Frequently Asked Questions

Whether land holding is mandatory for availing tractor loans from IDFC FIRST Bank?

Land holding is mandatory only in case of availing loan under Agri non-mortgage program. Same is not required under our fast track and commercial program.

What is the repayment frequency available under this program?