| Charges Type | Details | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Documentation Charge/ Processing Fee | Up to 2 % of the loan amount + applicable taxes | ||||||||||
| Prepayment/ Foreclosure Charges | 2% of principal outstanding + applicable taxes | ||||||||||
| Valuation Charges | As per actuals | ||||||||||
| Penal Charge/Late Payment Charge (LPC) | 2% per month (p.m.) on overdue EMI + applicable taxes *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 April 2024 | ||||||||||
| Repayment/EMI mandate Bounce Charges |
| ||||||||||
| Legal /Recovery /Repo /Parking & other Charges | As per actuals | ||||||||||
| RC Non submission Charges | ₹ 1000/- | ||||||||||
| Duplicate NOC Charges (Charge is applicable for paper copy post 3 free copies per customer) | ₹ 1000/- + applicable taxes | ||||||||||
| Repayment Swap Charges (per swap) | ₹ 500/- + applicable taxes (Applicable only for branch walk-ins) | ||||||||||
| Charges for documents like Statement of Account/Repayment Schedule /Foreclosure Letter & Welcome Kit | Nil |
Finance your aspirations today!
APPLY NOWAgri Business Loans For You.
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Kisan Suvidha Loan (Top Up Loan)
Avail a pre-approved Top-up loan to fulfill all your financial needs
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Kisan Samridhhi Loan (Implement Loan)
Get a Pre-approved loan for purchase of agricultural implements.
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Refinance Loan
Get a Pre-approved refinance loan for purchase of agricultural equipment's.
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Apply With Ease
Applicant KYC
Applicant to click selfie and upload Aadhaar and PAN
Dealer & Asset Details
Click front, back and chassis plate of asset
Co-Applicant Details
Co-Applicant details req. only in case of female or if applicant >60 yrs.
Review & Loan Details
Disb. details along with loan breakup desplayed for applicant to confirm
E-Sign & Mandate
E-Sign and mandate registration
Farm Equipment Finance!
- Purchase of New Tractor
- Purchase of Agriculture Implement
- Working Capital Requirements
- Capital Expenditure
- Purchase of Second hand Tractor
Tractors provides the power to deliver high performance at slow speeds. Avail a tractor loan to fund purchase of new tractor and other agricultural equipment with Farm Equipment Finance.
Equipment's like Rotavator, Cultivator, Trailer, Trolly, Thresher, Bailer, Harvester are used for various farming operations. Avail an Implement loan to fund purchase of agricultural Implements with Farm Equipment Finance.
Avail a Kisan Suvidha top-up loan to cover your labour & operational costs like buying fertilizers, seeds, insecticides & agricultural tools.
Avail a Refinance loan to cover expenses like purchase of land, acquisition of livestock ,machines and appliances for pipe draining, setting up greenhouse and other seasonal agricultural expenses.
Second-hand tractor helps farmers to save money & reduce operational cost . Get a second-hand with ease through a Used Tractor Loan.
Our Achievements
Farm Equipment Finance
Farm Equipment Finance
- Farm Equipment Disbursements Up By 16% YoY
- Book growth by 9% to ₹14,488 Crore YoY
Empowering Your Goals.
Farm Equipment Finance
Over 2 years have passed since I first took a tractor loan from LTF. The FLS assisted me personally and answered all my EMI & Loan related queries. The loan was disbursed within 24 hours and the money got credited the same day. LTF also provided me with a pre-approved loan considering my good track record, which was extremely beneficial to my business. I would definitely recommend LTF to my friends and family.
Farm Equipment Finance
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.
Farm Equipment Loan
L&T Finance was recommended by a friend for a tractor loan. The loan was disbursed immediately and I received my tractor within a few days. The new tractor really helped me to grow my business. I would definitely prefer L&T Finance for future loan requirements.
Frequently Asked Questions
Have more doubts about Farm Equipment Finance? Get all your queries answered here.
1. What is the eligibility criteria to apply for L&T Finance farmer loan?
2. What is the interest rate?
3. What are the types of agriculture loans available for me?
4. What are the benefits of availing the farm equipment loan facility from L&T Finance?
5. Moving to a new address? Update us and stay connected.
6. What is the Minimum & Maximum Loan amount offered?
7. What are the loan tenure options available?
8. What is the down payment required for tractor loan?
9. How much time will it take for loan disbursal?
10. What is the repayment frequency for the loan?
11. How can I contact customer care in case of queries or issues?
12. What will be the foreclosure charges?
Know More About Farm Equipment Finance!
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Corporate Office
Brindavan Building, Plot No 177
Vidyanagari Marg, CST Road,
Kalina, Santacruz (E), Mumbai 400 098
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Personal Loans | Two-Wheeler Finance | Farm Equipment Finance | Warehouse Receipting Finance
[email protected] 1800-268-0000All days of the week (Except National Holidays) from 9 AM to 6 PM IST
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