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Vehicle & Asset

Tractor / Farm Equipment Loan

Tractor, harvester, rotavator and irrigation equipment.

Interest rate
8.5% – 13% p.a. (PSL rates)
Loan amount
Up to 90% of asset
Tenure
Up to 9 years
Processing fee
0.5% – 2%

Eligibility

  • Land ownership 2+ acres irrigated / 4+ acres dry
  • Age 18 – 65

Documents required

  • KYC
  • Land records (RTC/7-12)
  • Quotation

Best for: Farmers; falls under Priority Sector Lending with subsidised rates.

Insider tip: Time application with Kharif/Rabi season — banks have higher disbursal targets then.

Why apply through Moneymax Fingrow

  • 19 years of lending expertise and ₹1,048 Cr+ disbursed.
  • 48+ banks & NBFCs compared in a single application.
  • Doorstep document pick-up across Chennai, Bengaluru, Hyderabad and Mumbai.
  • Transparent fees, lowest negotiated rates, end-to-end handholding till disbursal.
Moneymax

Ramesh K. from Chennai got Business Loan of ₹38,00,000

Sanctioned via Moneymax • 2 minutes ago