Rural Loans & Microfinance >
Other Farm Equipment Loan
Farming equipments play a very important role in the optimum functioning of your farms. To help you get these in the fastest possible way, we offer funding with a customised repayment option based on harvest patterns.
"Excellent and reliable services - I have taken 2 loans from
L&T Finance and am also a guarantor in certain cases from my
Bakshish Singh Vill Katnikala
Fees & Charges
Fees & Charges:
Fees & charges are in line with market norms and as per eligibility of specific cases.
You can apply for a loan in any of the following ways:
Yes, the loan is available for farmers as well non-farmers. 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.
You can avail maximum of 95% on dealer landing price for mortgage loan & 90% for others. This is based upon the product and scheme dynamics. *
The stages involved are loan application, field investigation, loan processing, and loan approval and disbursement.
The loan tenure may range from 1 year to 7 years.
Yes, we can provide you insurance cover for your farm equipment. **
Yes, we do have few preferred partners to ensure a better deal for you.
All farm equipment dealers are eligible.
Yes, you can prepay the loan. 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:
Processing fee is applicable on the loan.
A 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.
No, there is no tax benefit of 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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