Used Tractor Loans

Used Tractor Loans

Used Tractor Loans

- Purchase of Used Tractor
- Loan Against Used Tractor

Whether you’re buying a used tractor or looking to secure financing against your existing one, we offer tailored loans that suit your financial needs, ensuring you have access to essential farming machinery without stress.

Used Tractor Loan Offers
Flexible EMI Options

Flexible EMI Options

Enjoy customized EMI plans tailored to your income, making repayments more manageable and convenient.

Loan Approval in 24 Hours

Loan Approval in 24 Hours

Experience fast-track loan approvals with our streamlined process, getting you the funds you need without unnecessary delays.

Paperless Approval

Paperless Approval

Simplify your application with our easy approval process, making it quick and hassle-free.

Eligibility Criteria

Customer Profile

Customer Profile

Agri Segment: 18 years-60 years Age with minimum 1 Acre land holding

Commercial Segment: 18 years-55 years Age with income proof to support repayment of loan through commercial deployment

Age of Vehicle

Age of Vehicle

Up to 15 years at the time of funding and Up to 17 years at the time of loan maturity.

KYC Compliance

KYC Compliance

KYC Information of the Applicant, Co-Applicant and Guarantors, as applicable

How to Apply?

You can start your application and resume it at a later instance.

Follow these steps to apply:

How to Apply?

Quick, Easy, and Hassle-Free Journey for Your Customers.

Follow these steps to apply:

EMI Calculator

Calculate your Loan EMI in 3 easy steps.

Interest Amount

₹ 3,01,577

Monthly EMI

5451.46

Principal Amount:

621,000

Total Amount:

653,417.53

IRR Calculator

Simplify your financial analysis with our easy-to-use IRR calculator

Used Tractor Loans FAQs

  • 1. What is IFFCO Kisan Finance Used Tractor loan?

    IFFCO Kisan Finance Used Tractor Loan is a loan facility to Purchase a Used Tractor or to avail a refinance on a pre-owned Tractor.

  • 2. How can I apply for a used tractor loan?

    Applying for a Used Tractor Loan with IFFCO Kisan Finance is quick and hassle-free. Simply click on the Apply Now button and complete your application.

  • 3. What is the age criteria for availing a Used Tractor loan from IFFCO Kisan Finance?

    Applicants shall be minimum 18 years (21 years for commercial cases) at the time of availing the loan and shall not be more than 60 years (55 Years for commercial cases) at the end of the loan tenure.

  • 4. What is the age of the Used Tractor on which I can get a loan from IFFCO Kisan Finance?

    The Used Tractor shall not be more than 15 years at the time of finance and up to 17 years at the time of loan tenure maturity.

  • 5. How much loan amount can I get for a second-hand tractor?

    IFFCO Kisan Finance offers a loan of up to Rs. 5 Lacs on Used Tractors. Your exact loan amount however, depends on the make, model, year of manufacturing, valuation and individual assessment of an application. IFFCO Kisan Finance assesses each application individually to offer a loan amount that aligns with the borrower's financial profile.

  • 6. What is the repayment tenure for a second-hand tractor loan?

    IFFCO Kisan Finance offers you a flexible repayment option for the used tractor financing. We offer used tractor loans for a tenure upto 48 months based on the manufacturing year of tractor.

  • 7. What are the repayment options for a second-hand tractor loan?

    IFFCO Kisan Finance offers a flexible loan repayment frequency for the farmers ranging from Monthly, Quarterly, Half-Yearly and Structured repayment options. These options are designed to match the customer’s income cycle and cropping pattern, making it easier to manage repayments. To explore the tenure options best suited to your needs, simply click on the Apply Now button and get financing solutions.

  • 8. What documents are required for a used tractor loan?

    To get a Used Tractor Loan from IFFCO Kisan Finance you need to furnish KYC details (of the Applicant, Co-applicant and Guarantors), Land Ownership details, Banking Details, Registration Certificate Copy of the asset on which funding is required and other relevant documents as per company policy. IFFCO Kisan Finance may ask for additional documents depending upon the customer profile and it may differ from individual to individual.

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