Tractor Loan & Financing by L&T Financial Services

Farm Equipment Finance

Reap a better harvest with the right tractor and farm equipment


Customer Care Number: + 91 72 64 8887 77


Key Features

Financing on tractors across manufacturers


Loan tenure of upto 6 years available


Customised loans for customers with different size of land holdings


Finance for used tractors*


Attractive interest rate @ 10.75 % *


Technology-driven transparent processes

Customised repayment option based on harvesting patterns


Attractive schemes to suit your needs


Faster sanction and disbursement of loan


Multiple modes of repayment


Simple documentation


Competitive processing charges


Strong presence in semi-urban and rural India



*Terms & Conditions Apply. Credit at the sole discretion of the company.


Farm Equipment Finance

L&T Financial Services has long been associated with the Rural Finance sector, supporting entrepreneurship and livelihoods. With the aim of providing easy finance for tractor and agricultural equipment, every customer is assured of the best deals. We also believe that flexible loan terms could help customers adjust their payment cycles to match crop patterns. So when it comes to reaping more, our customers will surely benefit.


Eligibility Criteria 


·    Age requirement: 18 years - 65 years

·    Income requirement: Articulated with the size of landholdings and per acre yield

·    Any other requirements: KYC compliance




Documents Farmer
Income Proof As per submissions made at the time of filing returns
Bank Statements Last 6 months
Other Documents Agricultural land document, NACH/ECS Mandate, PDCs, etc
ID Proof Aadhaar /PAN card
Age Proof Passport / Voter's ID card / Driving License / PAN card / Aadhaar card
Address Proof Passport / Latest telephone bill (landline) / Latest electricity bill / Latest bank account statement




Schedule Of Charges

Charge Type - Farm Equipment Finance

Documentation charge

 Upto 1 % of the loan amount + applicable taxes

Prepayment/Foreclosure charges

2% of prepaid amount + applicable taxes

Valuation charges

As per actuals

Late payment interest

3% per month on overdue EMI

Repayment bounce charges

Rs 1000/- + applicable taxes

Legal /Recovery /Repo /Parking & other charges

As per actuals

RC Non submission charge

Rs 1000/-

Duplicate NOC charges
(Charge is applicable for paper copy post 3 free copies per customer)

1000/- + applicable taxes

Repayment swap charges ( per swap)

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

SOA/RPS /FC letter & other documents


Attractive interest rate @