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Agri Implement Loan - L&T Finance
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Agri Implement Loan
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Fulfil your farming needs with our Agri Implement Loan, designed to help you acquire farming equipment such as rotavators, cultivators, trailers, trolleys, threshers, balers, and harvesters. Choose from customised loan offers ranging up to ₹ 4.25 Lakh, with competitive interest rates starting from 10%* p.a. and loan tenures up to 60 months. Our transparent process has no hidden charges, ensuring clarity at every step with repayment options aligned with your crop cycles and harvesting patterns.

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    Rotavator

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    Plough

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    Seed drill

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    Harvester

Loan Offering

Customised loan offerings ranging from ₹ 35 thousand to ₹ 4.25 Lakh

Flexible Repayment

Choose your repayment period from 12 to 60 months

Competitive Interest Rates

Repay your loan with easy EMIs, interest rates starting from 10%* p.a.

No Hidden Charges

Start to finish, our Loan has a transparent process

Quick Sanction

Get your loan approved within 24 hours*, ensuring quick access to funds

Faster Disbursement

Receive your loan amount within 48 hours*

Paperless Journey

Enjoy an end-to-end digital experience with our fully paperless process

Implements Funded

Boost your farming with harvester, rotavator, thresher trolley, sprayer and more

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EMI Calculator

Results generated by the calculator(s) are indicative in nature.

Preferred loan amount

₹
₹35,000
₹4,25,000

Flat Rate

%
10%
19%

Loan tenure (months)

%
12 months
60 months

Estimated EMI

per month
  • ₹ 36,690

  • Interest payable

    ₹52,41, 690
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Eligibility & Documents

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Eligibility

Age Requirement:

18 years to 65 years

Income Eligibility:

Based on size of land holdings and per acre yield

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Documents

Identity Proof

Aadhaar | PAN card | Voter ID | Driving License |Passport

Address Proof

Aadhar | Voter ID | Driving License |Passport | Latest telephone bill (landline) | Latest electricity bill | Latest bank account statement

Other Documents

ACH/ECS Mandate

Fees & Charges For Agri Implement Loan

List of all fees and charges for Agri Implement Loan

  • Processing Fee

    New Tractor & Implement - Up to 1% of the loan amount or Rs. 30,000 whichever is lower + applicable taxes
    -Kisan Suvidha - Up to 2% of the additional loan amount or Rs. 10,000 whichever is lower + taxes
    -Used/Preowned Tractor & Refinance - Up to 2% of the loan amount or Rs. 10,000 whichever is lower + applicable taxes
    For Standalone Implement: Up to 2% of the loan amount or Rs. 30,000 whichever is lower + applicable taxes
    -Trade advance – Up to 2% of sanction amount + applicable taxes

  • Prepayment/ Foreclosure Charges

    Up to 2% of principal outstanding + applicable taxes

  • Asset valuation and verification Fee

    Up to Rs.1,200/- + applicable taxes

  • Penal Charge/Late Payment Charge (LPC):

    Up to 2% per month (p.m.) on overdue EMI + applicable taxes
    Trade advance – Up to 2% per month (p.m.) on overdue amount + applicable taxes

  • EMI Dishonour/Bounce Charge*
    A bounce charge is a charge for
    (i) dishonour of any repayment instrument; or
    (ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate

    As shown in the table below

Loan Sanction Amount in Rs.
Charges in Rs.
< 5 lacs
Up to ₹500
5 – 50 Lacs
Up to ₹1,000
>50 Lacs – 2 Cr
Up to ₹1,500
>2 Cr
Up to ₹2,000

  • RC Non submission Charges:

    Up to Rs.1000/- per month post 120 days + applicable taxes

  • Document retrieval / Duplicate NOC charges

    Duplicate NOC: Up to Rs. 1000/- + applicable taxes (charge is applicable post 3 free copies)

  • Repayment instrument swap Fee (per swap)

    Up to Rs. 500/- + applicable taxes (Applicable only for branch walk-ins)

  • Field collection service charges

    Up to 2% of part prepayment amount + applicable taxes

  • Field collection service charges

    Up to Rs.500/- per collection + applicable taxes

  • Legal fees and charges

    As per actuals or Up to Rs. 30,000/- whichever is lower + applicable taxes

  • Recovery charges

    As per actuals or Up to Rs. 1,00,000/- whichever is lower + applicable taxes

  • Auction fees

    Up to 1% of auction sale amount+ applicable taxes

L&T Finance

Seamless Loans, Simplified Experience

Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More

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How to Apply

Apply for Agri Implement Loan with these steps

  • 1. Apply Online :

    Click on the "Apply Now" button in the Agri Implement Loan section and fill in the form with your personal details and loan requirement.

  • 2. Get contacted by our representative :

    Our loan representative will contact you and share available loan offers and collect required documents.

  • 3. Eligibility and Document Check :

    Our representative will check your eligibility and verify your documents before processing the loan.

  • 4. Own your Agri Implement :

    After approval, your loan amount will be directly disbursed to the dealership for a seamless purchase process.

FAQs & Support

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Looking to Improve Your Farming?

Get Agri Implement Loan to upgrade your farming equipments

Apply now