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Avail up to ₹1 Cr starting at 13%
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Best Loan Offers
Curated Offers from 20+ Lenders
Unsecured Loan
Term Loan & OD Facilities Available
Expert Advice
Guidance & Assistance
Top Up Facility
Loan to Get Additional Funds
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| Interest Rates | 11.95% p.a. onwards |
| Loan Amount | Rs 2 lakh to Rs 25 lakh |
| Loan Tenure | Up to 5 years |
| Fees and Charges |
|
| Margin | 25% of total cost of tractor including accessories, implements, insurance and registration charges |
| Security |
|
Note: Interest Rates as on 15th April 2024
The interest rates on SBI Tractor Loan starts from 11.95% p.a. (1 year MCLR + 3.30%). The lender has not specified the differential interest rate matrix for its loan applicants based on their credit scores, nature and value of the primary/collateral security, past repayment track record, etc. However, most lenders set the business loan interest rates for their tractor loan applicants on the basis of the aforementioned factors.
The fees and charges for SBI Tractor Loan are as follows:
| Particulars | Fees and charges |
|---|---|
| Fees and Charges |
|
The eligibility criteria set by SBI for its tractor loan applicants are as follows:
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The documents required for availing different types of SBI Tractor Loan schemes are mentioned below:
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