Tractor Loan

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Tractor Loan

Whether for agricultural or commercial use, a tractor loan can help you meet your financial needs efficiently.

HDB Financial Services offers customized tractor loans designed to suit your requirements. Our loans come with attractive interest rates and flexible repayment options based on your income cycle—monthly, quarterly, or half-yearly.

We provide financing for both new and used tractors, along with related implements. The loan can be used for personal farming or commercial agricultural operations.

Enjoy a hassle-free documentation process and quick loan disbursal, ensuring minimal wait time and maximum convenience.

Apply for a tractor loan online or visit your nearest HDB Financial Services branch for assistance.

Apply for an instant tractor loan online or visit your nearest HDB Financial Services branch to avail the best offer based on your financial profile.


Calculate your Loan EMI instantly


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0 |
25L |
50L |
75L |
100L |
125L |
150L |
175L |
200L
%
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5 |
10 |
15 |
20 |
25 |
30 |
36
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0 |
5 |
10 |
15 |
20 |
25 |
30

Loan EMI

₹24,959

Total Interest Payable

₹34,90,279

Total Payment
(Principal + Interest)

₹59,90,279


Whether for personal or commercial use, HDB Financial Services offers tailor-made tractor loans that align with your specific financial needs. Based on your eligibility and documentation, you can enjoy a host of benefits, including:

  • Customised Financial Solutions

    We offer loans that are designed around your individual or business requirements, ensuring the right fit for your situation.

  • New or Used Tractor Loans

    Choose a loan to purchase either a new or used tractor, depending on your needs and budget.

  • Attractive Interest Rates

    Benefit from competitive interest rates that are customized based on your repayment capacity and financial profile.

  • Flexible Repayment Tenure

    Enjoy repayment terms of up to 60 months. Repayment schedules can be structured to suit your cash flow, with options for monthly, quarterly, or half-yearly EMIs.

  • Hassle Free Documentation Process

    Our streamlined application process involves minimal paperwork. When applying online, simply upload soft copies of the required documents to get started.

  • Quick Processing & Speedy Disbursal

    Once your documents and eligibility are successfully verified, your loan is processed and disbursed quickly, ensuring you access funds without delay.

  • Assistance for Tractor Purchase

    Receive personal support throughout the purchase process, whether you’re buying a new or used tractor.

Apply for an instant tractor loan online by visiting your nearest HDB Financial Services branch and avail the best offer based on your financial profile.

  • Minimum age of applicant: 21 years
  • Maximum age of applicant at loan maturity: 65 years

  • Proof of Identity & Address Proof- (Passport / Voter's ID / Driving License / PAN Card / Aadhaar Card or Proof of possession of Aadhaar number (on Voluntary basis).
  • Driving License / Voter's ID / Utility Bill (not older than two months) from any service provider – electricity, telephone, post-paid mobile phone, piped gas, or water bill. Registered Rental Agreement / Letter of allotment of accommodation from employer / Leave and license agreements with employers allotting official accommodation.
  • Driving license for commercial usage cases.
  • Land holding proof, in case of Farmers.
  • Income Tax (ITR) and financial statements for the last two years, complete with schedules and P&L account.
  • Bank statements or latest bank passbook (updated within 90 days).
  • Fleet list details.
  • Proprietorship declaration, partnership deed, memorandum/association of article (MOA/AOA), board resolution, as applicable.

Take the next step & manage your immediate financial needs now.

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How to apply for a Tractor Loan from HDB Financial Services

The loan application procedure for a tractor loan is very simple. You can apply from any of the following options:

    1. Visit our 'Apply Now' section

    1. Visit our 'Apply Now' section

  • Step 1: Enter your mobile number and verify it by entering the OTP (One-Time Password) sent to your phone.
  • Step 2: Fill in the Personal details.
  • Step 3: Once Your Tractor loan application is submitted, a representative will get in touch with you shortly.

    • 2. Apply via ‘HDB OnTheGo’ App

    Download the ‘HDB OnTheGo’ app from the Play Store or App Store to experience a seamless personal loan journey.

  • Step 1: Open the app and enter your mobile number
  • Step 2: Verify using the OTP received
  • Step 3: Tap on ‘Apply for New Loan’ or ‘Pre-Approved Loans’ (if eligible)
  • Step 4: Fill in required details – loan amount, purpose, PAN and employment information
  • Step 5: Upload KYC documents and income proof (as applicable)
  • Step 6: Submit your application for instant processing

    • Enjoy a fully digital and paperless loan experience. Pre-approved users can get loans with minimal documentation and instant disbursal.


    3. Visit the Nearest Branch

    Prefer face-to-face assistance? Visit your nearest HDB Financial Services branch and speak to a tractor loan representative for personalized support.

    4. Apply by Phone

    Call our customer support team on +91-4442984541 and apply for a tractor loan.

    5. Visit your nearest HDBFS partner store to find out more.

*HDB Financial Services Ltd. may use the services of various agents on its behalf for the purpose of sales and marketing for HDB’s products and services.

*Terms and conditions apply based on the applicant's eligibility and financial profile.

Tractor Loan FAQs

A tractor loan is a financial product provided by HDB Financial Services to help individuals, farmers, and businesses purchase new or used tractors for agricultural or commercial use. This loan allows you to finance the purchase of a tractor with attractive interest rates and flexible repayment terms. The loan can cover the cost of the tractor as well as any associated equipment or implements. It is designed to ease the financial burden of acquiring a tractor and facilitate timely payments. For both personal and commercial use, the loan is customizable based on your specific needs.
You can opt for a tractor loan at any time when you require financial assistance to purchase a tractor for personal, agricultural, or commercial use. Whether you are looking to enhance your farm operations, purchase a tractor for a construction project, or need a tractor for business, you can apply for a loan when you have identified the need for a tractor. Additionally, you can opt for a loan when you want to replace an old tractor with a new one or purchase used machinery. Tractor loans are available at competitive interest rates to ensure easy financing for all eligible individuals. If you need assistance in identifying the right time for applying for a loan, our customer service team is happy to guide you.
HDB Financial Services offers several benefits when it comes to tractor loans:
  • i. Attractive Interest Rates: We offer some of the best interest rates available, customized to fit your financial profile and repayment capacity.
  • ii. Flexible Repayment Terms: Choose from flexible repayment options based on your cash flow. You can opt for monthly, quarterly, or half-yearly repayments.
  • iii. Quick Processing and Disbursal: Our loan application process is fast and efficient, ensuring that you get the funds you need without unnecessary delays.
  • iv. Minimal Documentation: The documentation process is hassle-free, with easy online application and paperless procedures.
  • v. Loan for Both New and Used Tractors: Whether you need a new or used tractor, we provide loans for both, making it easier for you to get the vehicle you require.
  • vi. Personalized Assistance: Our experts are available to guide you through the loan process, ensuring that you get the best possible solution for your needs.
Applying online allows you to submit your application anytime and from anywhere, eliminating the need to visit a branch. Once your application is accepted, a representative will promptly contact you to proceed with the next steps.
You can track your application status through the following methods:
The sanctioning of a tractor loan is based on your creditworthiness, eligibility, and other internal terms and qualifications set by HDB Financial Services.
You can repay your tractor loan EMIs through ACH (Automated Clearing House). To avail of the ACH facility, please contact your nearest branch, write to customer.support@hdbfs.com, or raise a service request via the ‘HDB on the Go’ mobile app.
Yes, foreclosure and part-prepayment charges are applicable. You can prepay your loan anytime during the tenure. To do so, visit any of our branches with a prepayment request form and the necessary supporting documents. For more details on interest rates and charges, please refer to the Interest Rates & Charges section on our website.
HDB Financial Services offers tractor loans across various locations. To check the availability in your city, please visit our website or contact your nearest branch.

Click here to apply for the best Tractor Loan now!