Power Up Your Farm: A Guide to Agri Implement Loans
Jan 26, 2024 | 4 mins read
Refinance Loan
New Tractor Loan
Agri-Implement Loan
Kisan Suvidha (Top Up)
Kisan Suvidha Top Up Plus
Refinance Loan
Warehouse Receipt Finance
Refinance Loan is a pre-approved loan, for L&T Finance Tractor customers, whose tractor loan is closed and has an regular repayment track record. The offerings of this product include loan amount of up to ₹ 3.5 lakh with 48 hours* disbursement. Get your loan at a competitive interest rate starting at as low as 10%* p.a. We provide a hassle-free digital experience with fast and reliable customer support. Our flexible repayment term of up to 48 months fits your crop cycles and harvesting patterns, helping you manage your budget better.
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Refinance Loan
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Used Tractor Loan
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Pre-owned Tractor Loan
EMI Calculator
Results generated by the calculator(s) are indicative in nature.
Preferred loan amount
₹
₹1,00,000
₹3,50,000
Flat rate
%
10%
19%
Loan tenure (months)
12 months
48 months
Estimated EMI
per month- ₹ 8,792
Interest payable
₹5,499
Eligibility & Documents
Eligibility
Age Requirement
18 years to 65 years
Customer
L&T Finance New Tractor Loan customer, with loan closed and No transfer of ownership of the tractor
Asset Age
Maximum up to 11 years (at the end of loan tenure)
Documents
ID Proof
Aadhaar | PAN card | Voter ID | Driving License |Passport
Address Proof
Aadhar | Voter ID | Driving License |Passport | Latest telephone bill (landline) | Latest electricity bill | Latest bank account statement
Other Documents
ACH/ECS Mandate
Seamless Loans, Simplified Experience
Download the Planet app for a one stop loan solution with effortless management at your fingertips. Learn More
Farmer Loan
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.
Akshay Kumar Jha
Location here
Farmer Loan
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.
Sanjay
Location here
Farmer Loan
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.
Narayana G
Telangana
Farmer Loan
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.
Satish Hisar
Beri, Haryana
Farmer Loan
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.
Hardeep Soora
Hisar, Haryana
