No, there is no requirement to mortgage land to get a Tractor loan.
Convenience: Minimal documentation
Speed: Loan approval within 2 working days
Reach: Strong network of branches in rural and semi-urban India
Apply for your loan online or through any Mahindra Finance branch and receive a call back from a Mahindra Finance executive in your city or town.
There are no fixed minimum or maximum amounts. Tractor loans can be customised to suit your individual needs.
The minimum term period is 3 months and the maximum term is 5 years.
Down Payment is the difference between the price of the Tractor and the amount of the Tractor Loan. Depending on the financing options, you can opt for a higher down payment if you wish.