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Agri Business Loans

Tractor Loans

Get the best deals in the market and a range of attractive features on loans for tractors

SMS TRACTOR to 5676782

Zero Foreclosure Charges*

No prepayment penalties after 2 years

Flexible Repayment Options

Upto 7 years

Special Rates

Exclusive benefit for farmers with multiple sources of income

Hassle-Free Loans

Quick processing and door-step service

Features and Benefits

You can approach Axis Bank in any of the following ways:

  • Walk into our branches/retail asset centres
  • Contact our sales representative at the dealership

The financed vehicle will be hypothecated to Axis Bank Ltd. and charges of the bank will be recorded on the registration certificate of the vehicle. For mortgage cases, agricultural land of the borrower will be mortgaged in favour of the bank as per applicable state law.

The frequency permitted in particular cases will vary according to the product variants.

  • Monthly
  • Bi-Monthly
  • Quarterly
  • Half-Yearly

Axis bank finances tractors made by all leading manufacturers in India. Please contact our nearest branches/assets sales centres for details.

Yes, foreclosure is allowed. however if the foreclosure is within 2 years from the date of disbursement, then 4% foreclosure charges will be applicable. After 2 years from the date of disbursement, there will be zero foreclosure charges.

Maximum funding upto 90% of the bank approved price on the particular tractor brand subject to underwriting norms of the bank.

Once we receive a complete application form along with the necessary supporting documents following actions are taken:

  • Determination of your eligibility for the Tractor Loan: For this we consider our internal policy guidelines and examine the documents submitted by you. If you are deemed eligible, you will get an approval for a specific loan amount based on your requirement and repayment capability.
  • Axis Bank will convey its decision within 30 working days from the date of receipt of the application provided the application is complete. The computation of 30 days shall start from the day on which all documents required for a proper appraisal of the application are provided by the customer to bank.

Below mentioned is the list of charges applicable after availing a Tractor Loan from Axis Bank

Sr. No Type Charges
1 Cheque Bounce / Instrument Return Charges Rs 500/ Instance
2 Cheque / Instrument Swap Charges Rs 500/ Instance
3 Duplicate Statement issuance charges Rs 500/ Instance
4 Duplicate Repayment Schedule issuance charges Rs 500/ Instance
5 Duplicate No Dues Certificate / NOC Rs 500/ Instance
6 Late repayment penalty 2% per month
7 Loan cancellation / Re-booking Rs 500/ instance
8 Stamp Duty At Actuals
9 Issuance of Credit Report Rs 50/ Instance

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