Farmers, agricultural landowners, agri-contractors, and entrepreneurs who use tractors for farming or commercial purposes are eligible, subject to land ownership documents or lease agreements.
Overview
Who It's For
Agricultural Application
First-Time Farmers/Owner-Operators: light documentation, quick asset valuation, and monthly or Bi-Monthly or Quarterly or Half-yearly EMIs so you start cultivating—and building credit—without delay.Existing
Tractor Owners: Takeover & Refinance: shift your current loan to lower EMIs/interest or extend tenure, with top-ups for implements, repairs, irrigation, or working capital; enjoy a swift balance transfer.
Commercial Application (Haulage / Rental / Agri-Services)
First-Time Entrepreneurs: finance for pre-owned tractors used for haulage, agri-services, or rental; fast appraisal, simple paperwork, and EMIs aligned to ticket/contract income help you start earning quickly.
Existing Owners/Fleets — Takeover & Refinance: move existing loans to reduce EMI/cost or free cash for tyres, maintenance, trailers, or attachments—minimal downtime with quick transfer.
Please Provide Your Information
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
Product Specifications
No hidden cost
Tenor upto 60 months
ROI 18 - 24%
Loan for New and Tractors and implements
For commercial haulage/rental or farming operations
Features & Benefits
- Finance for Tractors with digitized processing.
- Long tenures (up to ~60 months) to keep EMIs comfortable.
- Fixed-rate options to lock in EMI through the tenure (useful in volatile cycles).
- Balance-transfer/Refinance options to reduce EMI or extend tenor.
Documents Required
Bank statement
Agricultural land proof/ Property ownership proof
DL
KYC
Loan Process
Step 1
Click on Apply Now and enter your contact details.
Step 2
Our customer team will contact you to guide you through the details and complete the process smoothly.
Step 3
The application will then proceed for verification and assessment.
EMI CALCULATOR
Our Smart EMI Calculator
FAQ
Quick Answers
Does IKF Finance fund both new and used tractors?
We primarily fund used and refinance tractors. Eligibility is based on the tractor's age, condition, HP rating, and relevant land or business documentation.
What is the maximum age of a tractor eligible for a loan?
Used tractors up to 10 years of age at loan maturity are generally eligible, subject to physical condition assessment and demand in the local market.
Can a tractor be financed if it is used for both agricultural and non-agricultural (commercial hire) purposes?
Yes. Tractors used for dual purposes — farming and commercial hiring — are eligible. Income from commercial operations is factored positively in repayment assessment.
Is land ownership mandatory to avail a tractor loan?
Land ownership strengthens the application but is not always mandatory. Small, Marginal and Large farmers are required to share the land ownership documents. Agri-contractors using tractors for commercial hire or allied activities may be assessed on business income and local market viability.
What repayment structure is available for tractor loans given seasonal agricultural income?
We offer flexible EMI structures that can be aligned with crop harvest cycles (kharif and rabi), enabling monthly/bi-monthly/quarterly/half-yearly repayments that match seasonal cash flows.