Power Up Your Farm: A Guide to Agri Implement Loans
Jan 26, 2024 | 4 mins read
Kisan Suvidha is a pre-approved top-up loan for farmers, allowing you to access extra funds quickly. You can borrow up to ₹ 3.5 lakh, with interest rates starting from 10%* p.a., ensuring you have the resources when it matters the most. Our fully digital process is designed to save you time and hassle. We also offer flexible repayment options that fit your crop cycle and harvesting schedule, making it easier to manage.
Pre approved top up loan with instant disbursement
Get a personalised Loan offerings up to ₹ 3.5 Lakh*
Repay your loan with easy EMIs and interest rate starting from 10%* p.a.
Flexible repayment option with a tenure from 12 to 60 months*
Get loans customized to your land size, helping you grow your farm or property easily
Our fully digital loan application makes getting Loan quick and convenient
Start to finish, our Loan has a transparent process
Receive your loan amount within 48 hours*
Results generated by the calculator(s) are indicative in nature.
Preferred loan amount
Flat Rate
Loan tenure (months)
Estimated EMI
per monthInterest payable
₹5,49918 years to 65 years
Maximum up to 10 years (at the end of loan tenure)
Existing L&T Finance New Tractor Loan customer
Aadhaar | PAN card | Voter ID | Driving License |Passport
Aadhar | Voter ID | Driving License |Passport | Latest telephone bill (landline) | Latest electricity bill | Latest bank account statement
ACH / ECS Mandate
Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More
Processing Fee
2% of the additional loan amount or Rs. 10,000
whichever is lower + applicable taxes
Prepayment/ Foreclosure Charges
2% of principal outstanding + applicable taxes
Asset valuation and verification Fee
Rs.1,200/- + applicable taxes
Penal Charge/Late Payment Charge (LPC):
2% per month on overdue EMI*
*LPC revised from 3% to 2% per month on overdue EMI w.e.f. 4th Dec 2023
*Taxes applicable on LPC w.e.f. 1st Apr 2024
EMI Dishonour/Bounce Charge*
*A bounce charge is a charge for
(i) dishonour of any repayment instrument; or
(ii) non-payment of instalment(s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate
As shown in the table below
RC non submission Charge
Rs.1000/- per month post 120 days + applicable taxes
Statement or document retrieval charges
Duplicate NOC: Rs. 1000/- + applicable taxes (charge is applicable post 3 free copies)
Repayment instrument swap Fee (per swap)
Rs. 500/- + applicable taxes (Applicable only for branch walk-ins)
Charges for documents like Statement of
Account/Repayment Schedule /Foreclosure
Letter & Welcome Kit
Nil
Field collection service charges
Rs.500/- per collection + applicable taxes
Legal fees and charges
Up to Rs.30,000/- + applicable taxes
Recovery charges
Up to Rs. 1,00,000/- + applicable taxes
Auction fees
Up to 1% of auction sale amount+ applicable taxes
1. Apply online in just few minutes
Click on the "Apply Now" button in Kisan Suvidha Loan section to log in and input the monthly EMI with loan tenure as per your requirements
2. Eligibility and Document Verification
Verify your identity securely with a quick upload of selfie and Aadhar card from comfort of your home
3. Asset Details
Upload images of your tractor to provide details about the asset you are financing with the loan
4. Co-Applicant
If a co-applicant is involved, a selfie and the Aadhaar card image of the co-applicant must be uploaded for verification
5. Insurance Loan Details
Choose your preferred insurance and view your loan offer details to get clarity on your funding
6. Mandate & eSign
Submit your bank details for e Mandate registration and complete the e-sign agreement to complete your loan application
The Kisan Suvidha Loan is intended specifically to fund agricultural activities and can be utilised for a variety of farming-related expenses.
Yes, you can foreclose your Kisan Suvidha Top-up Loan. However, you will be charged 2% of the outstanding principal amount plus applicable taxes.
While there is no specific credit score requirement for the Kisan Suvidha Loan, having a good credit history can increase your chances of loan approval.
The following documents are required when applying for the Kisan Suvidha Scheme:
ID Proof : Aadhaar or PAN card.
Address Proof : Voter's ID, driving licence, passport, or recent utility bills.
Other Documents : ACH/ECS Mandate.
To apply for a Kisan Suvidha Loan, follow these steps:
The maximum loan amount available under the Kisan Suvidha Loan is ₹ 3,50,000.
Any customer of L&T Finance Tractor Loan looking for financial assistance to support their farming activities can avail the Kisan Suvidha Loan.
Yes, for the Kisan Suvidha Scheme, foreclosure charges are applicable at 2% of the outstanding principal plus any applicable taxes.
The Kisan Suvidha Loan is intended specifically to fund agricultural activities and can be utilised for a variety of farming-related expenses.
Yes, you can foreclose your Kisan Suvidha Top-up Loan. However, you will be charged 2% of the outstanding principal amount plus applicable taxes.
While there is no specific credit score requirement for the Kisan Suvidha Loan, having a good credit history can increase your chances of loan approval.
The following documents are required when applying for the Kisan Suvidha Scheme:
ID Proof : Aadhaar or PAN card.
Address Proof : Voter's ID, driving licence, passport, or recent utility bills.
Other Documents : ACH/ECS Mandate.
To apply for a Kisan Suvidha Loan, follow these steps:
The maximum loan amount available under the Kisan Suvidha Loan is ₹ 3,50,000.
Any customer of L&T Finance Tractor Loan looking for financial assistance to support their farming activities can avail the Kisan Suvidha Loan.
Yes, for the Kisan Suvidha Scheme, foreclosure charges are applicable at 2% of the outstanding principal plus any applicable taxes.
The Kisan Suvidha Loan is intended specifically to fund agricultural activities and can be utilised for a variety of farming-related expenses.
Having a good track record, LTF provided me with a pre-approved loan which was a huge help to my business. The FLS assisted me personally; he answered all queries. My loan was disbursed within 24 hours. I will recommend LTF to my friends & family and will prefer L&T Finance for future loan requirements.
Location here
Having a good track record, LTF provided me with a pre-approved loan which was a huge help to my business. The FLS assisted me personally; he answered all queries. My loan was disbursed within 24 hours. I will recommend LTF to my friends & family and will prefer L&T Finance for future loan requirements.
Location here
My friend recommended LTF since they provide tractor loans at a lower interest rate than others, the loan process is simple, no physical documentation is required, payment was deposited the same day and I received the tractor within a week. My agricultural business has really improved thanks to the LTF.
Telangana
L&T Finance has supported me as a farmer since 2014, helping me finance two tractors and essential equipment. With flexible, crop-based repayments and easy EMI tracking on the PLANET App, my life has been easy. L&T Finance truly empowers us to grow better and manage finances seamlessly.
Beri, Haryana
As a third-generation farmer, owning a tractor with L&T Finance's support has transformed our work. The fully digital process made it easy, with swift disbursement and flexible repayment options like EMI Protect. Now, our costs are lower, and farming is efficient. Truly, L&T Finance supports farmer prosperity.
Hisar, Haryana
I spotted an L&T Finance Consumer Loans ad and applied. After my verification call, my request for loan was approved and the loan amount was transferred in the following 24 hours. L&T Finance Personal Loans provided me timely, financial help.
Andheri, Mumbai
I was aware of L&T Finance Consumer Loans, as I have already benefited from their services in the past. They had even clarified my doubts about T&C and loan process by calling me up at my convenient time. Because of such good support, I decided to take loan again from L&T Finance Personal Loans.
Ahmedabad, Gujarat
We called and the L&T Finance representative came to our house. They quickly completed the formalities and gave us the money really fast so we could use it for our needs. Everything was done digitally. I am grateful to L&T Finance.
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Get Kisan Suvidha top up loan easily through a fully online process
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