A tractor Loan is used to purchase new and used tractors and tractor implements. So many farmers are getting easy loans up to 90% at Tractor Junction.
The best thing about Tractor Junction Tractor Loan is that borrowers don't have to mortgage their land to avail tractor loan! Additionally, the tractor itself is kept as collateral with the lender!
Tractor loans can be repaid in easy EMIs, or monthly installments, quarterly or half-yearly, depending on your choice. However, the eligibility, interest rate, repayment term, and processing fees vary from bank to bank, depending on your profile.
Tractor Loan EMI Calculator
Tractor Junction provides you with a quick and hassle-free tractor loan EMI calculator. This tractor loan EMI calculator helps you calculate EMI, total interest and amount.
You just need to enter details, like the tractor loan amount, interest rate, and term. Further, tractor loan EMI calculators display instant results by entering these three numeric numbers.
Documents Required For Tractor Loan
The document's requirement depends from bank to bank. However, for a more general idea, the list of standard documents includes a duly filled application form, two latest photographs, proof for signature - Passport/ Driving license/ PAN card / Bank verification, government-issued identity proof, address proof, quotation of tractor issued by the dealer to the customer and proof of landholding (if mortgage required).