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.
Eligibility Criteria
Eligibility Criteria
- Income proof to support repayment of loan
- Borrower to be minimum 18 years old and not more than 75 years old at the end of the loan tenure in agri segment
- Commercial profile segment- use of tractor in commercial activity
- Borrower to be minimum 21 years old and not more than 55 years old at the end of the loan tenure in commercial profile
- Agri Segment -At least cultivated land holding of 2 acres
How to Apply
You can start your application and resume it at a later instance. Follow these steps to apply:
- 1Click on ‘Apply Online’ to open application form
- 2Verify the OTP sent to your registered mobile number and Fill in basic details
- 3Enter your other details along with your loan requirements & Submit
Life Insurance
Life Insurance
Our company partners provide Life Insurance plans that cover the insured member and assist their families in case of any unfortunate event of death. Through our partners we provide a onetime premium based life insurance policy which is valid for the entire duration of the loan. The plan works in a simple manner where the member just has to choose the coverage term, pay the premium and stay protected.
- Attractive Pricing
- Speedy Processing issuance as well claim