Tractor loans, compared properly
The tractor is the easy part. We sort out the money.
- New tractors, used tractors and loans against a tractor you own
- Repayment schedules that can follow the harvest, not the calendar
- Offers from banks and NBFCs compared in one place
- Free to apply — we are paid by the lender, never by you
Check your tractor loan offers
One form. We take it to the lenders most likely to approve it and bring back the offers.
Tractor finance made for farm use is treated as agricultural lending, which prices differently from a commercial vehicle loan on the very same machine. Which bucket your loan is booked under changes the rate, the tenure and sometimes the repayment schedule — and it is rarely explained at the counter.
We put your file in front of the lenders most likely to say yes to it, then show you the offers with the total repayable amount visible, not just the EMI.
What you get
- New tractors, used tractors and loans against a tractor you own
- Repayment schedules that can follow the harvest, not the calendar
- Offers from banks and NBFCs compared in one place
- Free to apply — we are paid by the lender, never by you
- Help getting land records and paperwork in order first
Who is eligible
- Agricultural land in your name, or a guarantor who holds it
- Age typically 18 to 65 at loan maturity
- Documented income from farming, custom hiring, business or salary
- No live default on an existing loan
Documents you will need
- Aadhaar, PAN and address proof
- Land records — 7/12, Khasra, Khatauni or Jamabandi
- Bank statements for the last 6 to 12 months
- Tractor quotation, or the RC for a used tractor
Tractor Loan — common questions
How much loan can I get on a tractor?
Lenders fund a large share of the on-road price and expect the rest as margin money. The exact percentage depends on the lender, your land holding and your repayment record — which is why offers are compared rather than quoted upfront. Note it is calculated on the on-road price, not the ex-showroom figure in the advertisement.
Can I get a tractor loan without land in my name?
It is harder but not impossible. A guarantor who holds land, a joint application with the family member the land belongs to, or routing it as a commercial vehicle loan if the tractor will earn through haulage are all routes lenders accept.
Can I repay early?
Yes. Every lender allows foreclosure, but the charge varies and some waive it after a minimum number of instalments. Get that clause in writing before you sign — it is the term borrowers most often discover too late.
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