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Fulfil all your farming needs with our affordable Tractor Loans

  • Up to 90%* funding
  • Quick loan processing
  • No income document scheme
  • Flexible repayment options marked to crop cycle

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.

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Key Features and Benefits of Tractor Loans

We are dedicated to ensuring your loan journey is seamless, allowing you to experience the joy of owning a new tractor. Enjoy benefits like maximum funding, immediate loan approval, the option of a no-income document scheme, and much more.

Hassle-free documentation

Our paperwork process is simple and easy to follow. Get your loan documentation done with minimal effort.

Up to 90%* funding

Own a new tractor with the best features without hampering your budget. Enjoy loan-to-value financing of up to 90%* with our tractor loans.

Speedy loan processing

No long waiting hours with our quick loan process. Submit the right documents and get instant approval on your tractor loan.

No income document scheme

We have simplified the loan application process. You can apply for our Tractor Loans without any traditional income documentation.

Charges on Tractor Loans

Schedule of Charges Charges (inclusive of GST)
Processing Fee Upto 10%
Penal Charges 36% Per Annum on unpaid installment
Foreclosure charges 4% of the future principal Outstanding
Other charges
Cheque bounce charges Rs.750
Duplicate NDC/NOC charge 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.

₹ 50000 ₹ 7,00,000
2% 35%
6 Months 60 Months
Monthly Loan EMI
Principal Amount
Total Interest Payable
Total Amount Payable

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

Eligibility Criteria for Tractor Loans

Here’s all that you need to know about your eligibility for a tractor loan.

Documents Required to apply for a New Tractor Loan

How to apply for a Tractor Loan?

STEP 01

Select Your Vehicle

Decide the tractor for which you want to avail of the Loan.

STEP 02

Get Approval

Upload the required documents and get your Loan approved.

STEP 03

Loan Sanction

After approval, get your Loan disbursed without any delay.

Are you an Existing Customer?

Welcome back! Submit the below-mentioned details and get a new tractor loan.

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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 that can be borrowed to purchase a tractor is up to 90% of the tractor’s price.

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

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