For enhanced crop productivity, farmers need smart tools, machines and equipment. However, many farmers are not able to buy these machines or equipment due to lack of money. To help such farmers, banks and financial institutions offer agriculture loans that include loans to buy tractors. Today in this article, we will focus on loan facilities offered by Mahindra Finance.
Mahindra Finance is one of the top tractor financers in the country that offers a wide range of financial products. Farmers can easily buy tractors and farm implements for farming as well as commercial use with Mahindra’s farm equipment loans.
You can get loans on a wide range of tractors as well as tractor implements without mortgaging of land. The best thing about Mahindra Finance is that the loan process is easy with flexible documentation requirements suited to your needs. In addition, the loan is generally sanctioned within 2 days after you submit the documents.
Besides, Mahindra Finance there are many other banks and institutions that offer loans to farmers for various purposes.
Documents Required for Tractor Loan
To get loan from Mahindra Finance, you need to have three documents, i.e.
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KYC documents
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Income proof to support repayment of loan
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Agriculture land ownership document
Application process for Tractor Loan
Application process involves just four steps;
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Apply for the loan
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Select your product
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Get approved
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Take loan
Direct link to apply for tractor loan
Click to locate nearest branch
Mahindra Finance store locator
About Mahindra Finance
Mahindra & Mahindra Financial Services Limited is a rural NBFC located in Mumbai, India. It is amongst the top tractor financers in the country that provides wide range of financial products to address different customer requirements.
