Apply Tractor Finance, Loan for Tractor in HDFC Bank
- Loan ID : N0112
- 44
- 0
- Bank Loan
- State : Uttar Pradesh
- City : Lucknow
With simplified documentation, and speedy approval, HDFC Bank offers Tractor Loans, making it easy for farmers and non farmers alike to invest in upgrading their machinery by buying new or pre-owned tractors.
✔ Tractor Loans 30 Minutes Approval
✔ 30 Minutes Approval
✔ Tractor Loans Hassle-free transaction
✔ Hassle-free transaction
✔ Tractor Loans Low Interest Rates
✔ Low Interest Rates
✔ Tractor Loans Easy Documentation
✔ Easy Documentation
Tractor Loan Features
- Loans on Tractors from Reputed Companies
Were you thinking of buying a tractor for getting better yields of crop? Go right ahead. As far as your chosen tractor is made by any reputed tractor manufacturer in India, it will be eligible for a loan. - High Loan Amounts
Get up to 90% finance on your favourite tractor through this loan. - Easy Repayment Terms
With competitive rates of interest, and a flexible tenure of 12 to 84 months, you can use post-dated cheques (PDCs)/SI/ECS/ACH to easily repay the loan.
Tractor Plus Protection
You can get finance on the first year or combined finance on the first, second and third year along with motor insurance premium with Credit Shield. Credit Shield provides cover for accidental death or permanent total disability of the customer along with amount equivalent to the outstanding in loan account. - Loan Without Collateral
HDFC Bank's Tractor Loan can be availed of with or without additional collateral. - Service Across Sectors
Our Tractor Loan isn't restricted only to farmers. Non farmers are also eligible to avail of a loan. - The HDFC Benefit
Enjoy triple benefits when you take a Tractor Loan from HDFC Bank:- Faster loan - Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service.
- Competitive pricing – Our loan rates and charges are very attractive
- Transparency – All charges are communicated up front in writing along with the loan quotation
Tractor Loan Eligibility Criteria
Both farmers and non farmers can avail of an HDFC Bank Tractor Loan, as long as they fulfil the following criteria:
Farmer | Non Farmer |
|
|
Tractor Loan Documentation
The following documents are required along with your HDFC Bank Tractor Loan Application:
Farmer | Non Farmer |
---|---|
|
|
Tractor Loan Rates & Fees
Enclosed below are HDFC Bank Tractor Loans Interest Rates & Charges
Here is an exhaustive list of all the fees and charges to be paid for the Tractor loan:
Description of charges | Tractor Loans |
---|---|
Processing Fee * | 2% of Loan Amount |
Pre-payment / Part Payment Charges * | 6% - if within 6 months from the date of disbursement on the principal outstanding |
4% - After 6 months and before 12 months from the date of disbursement on the principal outstanding | |
2% - After 12 months from the date of disbursement on the principal outstanding | |
Loan cancellation | In the event of cancellation, Interest charges will be borne by the customer. Processing Fee, Stamp duty and RTO charges are non-refundable charges and would not be waived/refunded in case of loan cancellation. |
Late Payment penalty | 2% per month on unpaid installments |
Legal, Repossession & Incidental charges | At actuals |
Stamp Duty & other Statutory Charges | As per applicable law |
CIBIL Charges (only on request) | Rs. 50/- per instance |
Duplicate No Due Certificate / NOC | Rs. 500/- per Instance |
Duplicate Amortization Schedule Charges | Rs 200/- per schedule |
Cheque / ECS / SI Swap Charges | Rs. 500/- per Instance |
Collateral & ACH Documentation Charges * | Rs. 750 per case |
Loan Reschedulement / Re-booking charges | Rs. 1000/- |
Cheque / SI / ECS Return Charges * | Rs. 550/- per Instance |
Documentation charges (For Agri Mortgage and Used Tractor Valuation Cases) * | Rs. 3000/- |
Note : Where ever notified GST and other government levies, as applicable, would be charged additionally at the applicable rates.
Average Rates offered to customer during the period of Jul'17 to Sep'17
Bank IRR | ||
---|---|---|
Min IRR | Max IRR | Avg IRR |
14.00% | 22.09% | 16.61% |
Average Annual Percentage Rate offered to customer during the period of Jul'17 to Sep'17
APR | ||
---|---|---|
Min APR | Max APR | Avg APR |
14.23% | 22.99% | 16.98% |
*Exclusive of GST
Most View Loan
-
Which loan company is best for bad credit?
There are many reasons one may need to borrow money, but if you have bad credit, it can be a serious challenge. Because fixing your credit score can t...
-
Home Loan Interest Rates
Check Interest Rates 2018, Processing fee ✓ Per lakh EMI ✓ ROI floating Rates ✓ Lowest fixed rates for salaried, Women and Self-employed/Professionals...
-
Can I get a loan with very low CIBIL score in India?Bank Loan - Pune - Maharashtra
A healthy credit score is for sure a prerequisite to be approved for loans. Post the recent economic crash, credit institutions have tightened their c...
-
How can I get a loan?
Loan is to bridge cash flow gap. If there is an earning stream , subject to investment, loan can fill the gap between available fund and required fund...
-
Apply for Consumer Durable Loan in HDFC Bank
Apply for our consumer durable loans to fund your purchase of household electronic goods, from refrigerators to recliners.With up to 100% financing an...
-
Apply for Loan for Professionals online HDFC Bank
Grow your business the easy way with loans for professionals from HDFC Bank.Use funds from your professional loan to expand your business, upgrade equ...
Loan Query / Support / Feedback