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Tractor financing requirement is of crucial importance in rural regions of India . 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.

Who can borrow and for what use:

  • Preferably an individual owning land and engaged in agriculture and animal husbandry.
  • Individual or a firm engaged in commercial hiring of tractors with suitable track record/experience in similar work.

Used Tractor Financing

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 lower interest rates to ease their way towards prosperity.

Tractor Refinancing

Individuals or firms who are existing tractor owners can avail loans against their tractor as a collateral. Tractors as old as 20 years can be used for assurance. The borrower can avail up to 90% 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.

Eligibility Criteria

  • Income proof to support repayment of loan
  • At least cultivated land holding of 2 acres
  • Borrower to be minimum 18 years old and not more than 75 years old at the end of the loan tenure

Documents Required

  • Proof of ownership of agricultural land
  • Identity Proof: need to specify Aadhar card/voter card etc
  • Address Proof : need to specify Aadhar card/voter card etc
  • Bank Statement
  • Repayment Track record if any
  • Driving License

For Information on pricing, click here 

Terms and Conditions Apply.

At Kisan Finance, we care for our customers through all ups and downs of life. For this very reason we have joined hands with some of the best Insurance companies to offer insurance plans exclusively customized for our customers. Customers can avail a range of insurance covers as safeguards in times of medical or financial emergency, unfortunate events or accidents.

Motor Insurance

Customers can avail motor insurance in case of loss or damage to the vehicle, or in any personal accident to the body or property of the owner arising due to the use of the insured vehicle.
Salient Features –

  • The company will indemnify the cost of damages to the vehicle for various causes like Fire, Theft, Accidental Damage, Transit Damage, Malicious Acts etc
  • Get coverage on consumable parts like Tyres, Tubes, Mudguards, Bumpers, Side Bumpers, Headlights etc for up to 50% value
  • Get unlimited claims during the coverage period
  • Flexible plans with an attractive low-cost pricing structure

Disability Cover –

We provide comprehensive cover for both Death & Permanent or partial disability, at a very low-cost premium, exclusively for our customers.

  •  Get full coverage in the event of death.
  •   Insured also gets coverage under permanent and partial disability cover in accordance with the terms of the policy.
Credit Insurance

Kisan Finance strives to bring happiness to rural lives. Our company partners provide credit insurance for the loan taken. This plan ensures that members continue to enjoy the benefit for which loan was taken, without worrying about its repayment in case of any unfortunate event or emergency which renders the borrower or his/her family financially incapable. 

Salient Features

  • The Family members don’t need to worry about loan repayment for the outstanding principal amount in case of death of the insured or in the unfortunate event where the beneficiary is detected with terminal illness*
  •  Attractive pricing: Get maximum benefits with the lowest possible cost
 

 

Credit Insurance

Kisan Finance strives to bring happiness to rural lives. Our company partners provide credit insurance for the loan taken. This plan ensures that members continue to enjoy the benefit for which loan was taken, without worrying about its repayment in case of any unfortunate event or emergency which renders the borrower or his/her family financially incapable. 

Salient Features

  • The Family members don’t need to worry about loan repayment for the outstanding principal amount in case of death of the insured or in the unfortunate event where the beneficiary is detected with terminal illness*
  •  Attractive pricing: Get maximum benefits with the lowest possible cost
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!

Salient Features –

  • Attractive pricing
  • Speedy processing: issuance as well claim