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What are you looking?

Tractor Loans

Upgrade your commercial and farming equipment with our hassle-free tractor loans

Features & Benefits

Loans for all Tractors

We fund a large range of new and used tractors available in the market

Amount upto INR 7 Lakhs

Eligibility typically depends on business turnover, vintage, assessment of cash flows, age on maturity and other key factors.

Tenure up to 60 months

Tenure typically depends on your profile, estimated collateral value, type of repayment scheme and other key factors.

Minimal Documentation

We keep our documentation simple. In fact, we do not collect any physical documents until we’re sure we can meet your requirements.

Features

Loan Amount: Up to 5 Lakhs

Maximum Loan to Value Ratio: 95%

Maximum Tenor:24 - 60 months

The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, Vintage of the Vehicle at loan maturity, etc.

Rates & Charges

  • Processing Fees

    1.50 % of the loan amount + GST

  • Interest Rate

    21.5% - 26.5% per annum

  • Interest Rate Type

    Fixed

  • PLR:

    18.67%

  • PLR less spread

    Plus 2.83% - Plus 7.83%

Documentation

Our documentation requirements are structured to ensure that we collect the least number of documents for your loan.

  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Statement
  • Collateral Document

Please note that depending on the individual case, Vastu Finserve reserves the right to ask for any additional documents as well.

Features

Loan Amount: Up to 7 Lakhs

Maximum Loan to Value Ratio: 95%

Maximum Tenor: 24 - 60 months

The tenure of the loan is also dependent on the customer’s profile, age of customer at maturity of loan, Vintage of the Vehicle at loan maturity, etc.

Rates & Charges

  • Processing Fees

    1.00 % of the loan amount + GST

  • Interest Rate

    15.5% – 17.5% per annum

  • Interest Rate Type

    Fixed

  • PLR:

    18.67%

  • PLR less spread

    Less 3.17% - Less 1.17%

Documentation

Our documentation requirements are structured to ensure that we collect the least number of documents for your loan.

  • Identity Proof
  • Address Proof
  • Income Proof
  • Bank Statement
  • Collateral Document

Please note that depending on the individual case, Vastu Finserve reserves the right to ask for any additional documents as well.