Rural Loans & Microfinance >
Our gamut of loan and financing services cover a wide range of requirements. With our harvester loan, we ensure that your business always runs as seamlessly and economically as possible.
"Fair dealing by L&T Finance is always ensured. Because of
this, I and my family members have taken 3 to 4 loans for tractors,
one loan for JCB equipment and have even re-financed a loan through
Lakhwinder Singh Vill Kamlewal
Fees & Charges
Upto 22%. Actual rate may vary based on market conditions and the credit worthiness of the borrower.
You can apply for a loan in any of the following ways:
The loan is generally disbursed within 5 working days after the submission of complete and correct documents.
The security requirements differ for mortgage and non-mortgage loans. Only hypothecation of the asset funded is required in case of non-mortgage loan and land under mortgage loan.
Yes, the loan is available to both. We have options for anyone who wants to purchase tractors with schemes designed for varied applications.
We finance a wide range of products - tractors, harvesters, rice transplanters and other farm implements.
Yes, a processing fee is applicable on the loan.
You can avail a maximum of 95% on dealer landing price for mortgage loan and 90% for others. This is based upon the product and scheme dynamics. *
We have a flexible repayment schedule based on your harvest pattern - monthly / quarterly / annually.
The stages involved in acquiring a loan are - loan application, field investigation, loan processing, and loan approval & disbursement.
The loan tenure may range from 1 year to 7 years.
Yes, we can provide you insurance cover for your harvester / equipment. **
Yes, we do have few preferred partners to ensure a better deal for you.
All farm equipment dealers are eligible.
Yes, the loan can be prepaid. Please note that prepayment charges will be applicable. **
To know about the charges, please contact your Relationship Manager.
We have a flexible repayment schedule based on your harvest pattern-monthly / quarterly / annually.
You can repay your loan amount in any of the following ways:
No, there is no tax benefit on the loan.
* Terms & Conditions Apply. Credit at the sole discretion of the company.
** Insurance Products are sourced through L&T Access Financial Advisory Services Limited.
Please Note: L&T Finance Limited does not offer Personal Loans and the general public is requested not to believe in or act upon any fraudulent advertisements in this regard.
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