Get Tractor Loan Procedure at TractorGuru

Here, tractor loans are available for all kinds of tractors and used tractors as well. Its interest rates vary between 8% to 20% relative to CIBIL and Collaterals. Let’s check the procedure for getting a tractor loan.

Farmer’s income should be a minimum of Rs. 1 lakh per annum with a minimum of 2 acres of agricultural land. There should be residential stability of 2 years with a good CIBIL score.

Their income should be a minimum of Rs. 1.50 lakh per annum with a telephone line (Owned, PP Landline or Mobile) which is mandatory and good CIBIL score.

Photograph, Identity proof, Age Proof, Sign Verification, Ownership Proof, Income Proof and 6 months bank statement.

Before getting the tractor loan or signing the paper, you can check your EMIs with the EMI calculator. It will help you to calculate the principal amount, tenure of loan, and interest rate.

Here you can get the major financers such as TVs Credits, SK Finance, HDFC Bank, SBI Bank, Kotak Mahindra Bank, Central Bank of India and many more.