Public-sector banks
- Usually the lowest rates in the market
- Access to government interest-subvention schemes where they apply
- Strictest on documentation and land records
- Slowest to sanction
Partner banks & NBFCs
We are an intermediary. The loan is sanctioned, disbursed and owned by the lender you choose.
Banks
State Bank of India
HDFC Bank
ICICI Bank
Axis Bank
Punjab National Bank
Bank of Baroda
Canara Bank
Union Bank of India
Bank of India
Indian Bank
Kotak Mahindra Bank
IndusInd Bank
NBFCs
Mahindra & Mahindra Financial Services
Shriram Finance
L&T Finance
Cholamandalam Investment and Finance
TVS Credit Services
HDB Financial Services
Sundaram Finance
Cooperative & regional
Regional Rural & Cooperative Banks
Bank or NBFC — which suits you?
Neither is better in general. They are better at different applications.
Private banks
- Faster processing than public-sector
- Rates between banks and NBFCs
- Prefer an existing account relationship
- Thinner rural branch network in some states
NBFCs
- Most willing to lend on a thin or imperfect file
- Quickest sanction, often at the dealership
- Higher rates — that flexibility is priced in
- Strong presence where banks are thin on the ground
Worth knowing: the cheapest rate you can qualify for is not always the offer to take. A sanction that arrives three weeks after the sowing window has closed is worth less than a slightly costlier one that arrives in time. Judge the offer against when you actually need the tractor.
Apply for a new tractor loan
Tell us which tractor you want. We will bring you offers from multiple banks and NBFCs.