Tractors on EMIs

Bajaj Finance offers high-value tractor loans designed to support farmers in purchasing essential agricultural equipment such as tractors. Bajaj Finance provides both used tractor finance and new tractor finance options to fund your tractor purchase. These loans come with competitive interest rates and flexible repayment terms, aiming to make your borrowing experience convenient. Bajaj Finance offers three unique loan variants – Flexi Term Loan, Flexi Hybrid Loan and Term Loan. You can choose the variant that suits your preferences and needs.

Know all about our Flexi Loans

Imagine you've taken out a tractor loan of Rs. 2 lakh for a term of 24 months. After making regular EMI payments for the first six months, you would have repaid around Rs. 50,000 of the principal amount.

Unexpectedly, you need an additional Rs. 50,000. Simply log into our customer portal, My Account, and withdraw this amount from your Flexi Term Loan account. Later, when you receive a bonus of Rs. 1 lakh, you can easily repay a portion of your Flexi Term Loan by visiting My Account.

With a Flexi Term Loan, your interest is recalculated with every withdrawal or repayment, meaning you only pay interest on the remaining balance. Your EMI will reflect both the outstanding principal and the adjusted interest based on your current balance.

This flexible loan option eliminates fees and penalties for additional withdrawals or early repayments, making it an ideal choice for managing financial fluctuations.

We also offer a Flexi Hybrid Loan, which operates similarly to the Flexi Term Loan but with added features. For the initial part of the loan tenure, you have the option to make interest-only EMIs. In the remaining period, your EMIs will include both the interest and the principal repayment.

Know all about our Term Loans

Our Term Loans function similarly to traditional tractor loans. You borrow a specific amount, which is then divided into equal monthly payments encompassing both the principal and the interest. If you decide to repay your second-hand car loan in full before the end of the loan term, you may incur a prepayment or foreclosure fee.