Rural Loans & Microfinance >
L&T Finance has always worked towards developing need based solutions for your business. We realise how imperative tractors are to your livelihood. And so, with our Tractor Loans, you are assured of one of the best deals in the market that is also flexible as per your requirements.
"L&T Finance is one of the most reliable and fast services
through whom I purchased 6 tractors in one order"
Param Preet Singh S/o Tarsem Singh
Thanal Khurd Village, Jallandhar
Fees & Charges
Upto 19%. 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:
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. *
The loan tenure may range from 1 year to 7 years.
A loan is generally disbursed within 5 working days after the submission of complete and correct documents.
Yes, the loan is available for farmers as well as 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.
Yes, we do have few preferred partners to ensure a better deal for you.
The stages involved in acquiring a loan are: loan application, field investigation, loan processing, and loan approval and disbursement.
Yes, we can provide you insurance cover for your tractor / equipment. **
All farm equipment dealers are eligible.
Yes, the loan can be prepaid. Please note that prepayment charges will be applicable. *
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.
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.
Car Loan / Two Wheeler Loan Own your ride with
SCV Loan Give your business the wheels to move
2016 L&T Finance Limited. CIN: U65990MH1994PLC083147. All rights reserved.