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Frequently asked questions

Overview

Eligibility

Fees and charges

What is meant by used tractor finance?

Used tractor finance is a secured loan that helps you fund the purchase of a used tractor.

What is new tractor finance?

New Tractor Finance is a secured loan that helps you fund the purchase of a new tractor.

Who can apply for a tractor loan?

Individuals including farmers, salaried professionals, self-employed professionals, self-employed non-professionals, and pensioners can apply for tractor loans. Farmers/ Individuals in farming-related allied activities can also apply for a tractor loan.

What is the rate of interest offered on a used tractor loan?

Bajaj Finance offers used tractor loans of up to 23% p.a.

What is the rate of interest offered on a new tractor loan?

Bajaj Finance offers new tractor loans at an interest rate of up to 20% per annum.

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Tractors on EMIs


Tractor loans from Bajaj Finance

A tractor is a long-term asset. It can improve farm output, save time, and reduce manual effort. But the cost can feel heavy in one go. That is where Bajaj Finance can help you by providing two types of tractor loans – new tractor loan and used tractor loan. You can choose a new tractor loan or a used tractor loan, based on your budget and tractor need.


New tractor loan from Bajaj Finance

A new tractor loan from Bajaj Finance helps you fund a brand-new tractor purchase. It is a good option if you want the latest model, better fuel efficiency, and fewer repair concerns early on.

Key features

  • High-value loan: Get funding support that can cover a large part of the tractor cost, based on eligibility.

  • Simple eligibility criteria: The process is designed to be easy to understand and borrower friendly.

  • Minimal paperwork: Keep documentation light and the application process smoother.

  • Flexible repayment options: Choose a tenure that suits your monthly farm income plan.


Used tractor loan from Bajaj Finance

A used tractor loan from Bajaj Finance helps you buy a pre-owned tractor. It is a practical choice if you want a lower purchase price and value-for-money ownership.

Key features

  • High-value loan: Get financing support for a major part of the used tractor cost, depending on tractor condition and eligibility.

  • Simple eligibility criteria: Easy checks that keep the process clear and accessible.

  • Minimal paperwork: Apply with fewer documents and save time on formalities.

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Disclaimer

Bajaj Finance Limited has sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.