To improve crop productivity, farmers need smart tools, machines and equipment. However, many farmers are unable to purchase these machines or equipment due to lack of money. To help these farmers, banks and financial institutions are offering agricultural loans which include loans to purchase tractors. Today in this article we are going to focus on the loan facilities offered by Mahindra Finance.
Mahindra Finance is one of the country’s leading tractor financiers offering a wide range of financial products. Farmers can easily purchase tractors and farm implements for farming as well as commercial use with Mahindra Farm Equipment Loans.
You can get loans on a wide range of tractors as well as tractor implements without mortgaging the land. The best thing about Mahindra Finance is that the loan process is easy with flexible documentation requirements tailored to your needs. In addition, the loan is generally sanctioned within 2 days of delivery of the documents.
In addition, Mahindra Finance, there are many other banks and institutions that offer loans to farmers for various purposes.
Documents required for tractor loan
To get a loan from Mahindra Finance, you need to have three documents, namely
Tractor loan application process
The application process has only four stages;
Apply for a loan
Select your product
Take a loan
Direct link to apply for a tractor loan
Click to locate the nearest branch
About Mahindra Finance
Mahindra & Mahindra Financial Services Limited is a rural NBFC located in Mumbai, India. It is one of the main tractor financiers in the country, offering a wide range of financial products to meet different customer requirements.