Indian tractor industry has emerged as the largest in the world and account for about one-third of total global tractor production, therefore tractor financing requirement is of crucial importance in rural regions of India, Being a major source of revenue generation for farmers, a tractor performs multifarious agricultural activities on the farm alongside several other functions such as providing machine power to pull a variety of farm implements for ploughing, planting, cultivating, fertilizing and harvesting crops. Tractors are also utilised for transporting goods and commuting. Most importantly, it is a symbol of prosperity in rural households. IFFCO Kisan Finance offers excellent service and experience to the customers availing tractor finance.

A tractor complements a farmer’s hard work immensely. Farmers find it easy to pull off the toughest tasks of farming through tractors and this vehicle also helps them in personal transportation. Our Used Tractor Financing Scheme enables farmers to avail loans to purchase used/second-hand tractors at competitive interest rates to ease their way towards prosperity.

Individuals or firms who are existing tractor owners can avail loans against their tractor as a collateral. Tractors as old as 13 years can be used for assurance. The borrower can avail up to 85% value of tractors. Repayment of the loan can be done within a period of 3-5 years in structured EMIs based on cropping pattern and/or other sources of income.

Indian Farmers are adapting to farm mechanization at a faster rate in comparison to recent past. For better progress of farmers, mechanization will play a pivotal role and thus credit availability for other mechanization equipment like a Combine Harvester is a must. While fulfilling the tractor finance needs of our Rural and Agri customers, IFFCO Kisan Finance realized that although the formal credit for buying a tractor is available for most farmers, NBFCs are still not extending their services beyond the traditional tractor loans. IFFCO Kisan Finance offers Combine Harvester loans to various customer segments based on profile and uses. 

At IFFCO Kisan Finance we understand the needs of the transportation sector and offer unique solutions to individual and business firms with our Used Small and Light Commercial Vehicle  Loans. We not only provide funding to customers having existing Small & Light Commercial Vehicle against the collateral security of their vehicle for Working Capital needs but also offer financing services for purchase of second hand Small and Light commercial vehicles.

IFFCO Kisan Finance is committed towards helping farmers in mechanizing their farms and bringing the new-age technology to their farms. We are providing standalone financing services for the farm equipment which are helping to increase the farmer’s efficiency and income at the same time.

We are offering financing schemes for Implements like: Rotavator, Thresher, Baler, Laser guided Leveller, Straw Reaper, Dozer, Trolley, Front Loader, Mud Loader and water tankers etc based on different customer profiles meeting eligibility criteria.