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Business, & agriculture finance

Tractor Loan

Term loan for a tractor and accessories, including insurance and registration charges.

Loan amount₹2,00,000 to ₹25,00,000Interest rateLinked to collateral value: 4.35% above 1-year MCLR with no collateral; 4.00% above 1-year MCLR when collateral is above 50% to 100% of loan value; 3.60% above 1-year MCLR when collateral exceeds 100% of loan value.Customer typeIndividual farmers
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Quick eligibility check

Tractor Loan

0 of 9 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Are you this type of customer: Individual farmer with at least 2 acres of agricultural land and CRIF Highmark score above 600, CIBIL score above 650 or no credit history?

Published source: Eligibility

2Do you meet this requirement: up to two co-applicants may be added?

Published source: Eligibility

3Do you meet this requirement: tractor quotation/pro forma invoice?

Published source: Required documents

4Do you meet this requirement: Individual farmers?

Published source: Customer type

5Do you meet this requirement: Individual must hold at least 2 acres of agricultural land?

6Document checkDo you have this required document or proof: Landholding, KYC, quotation and insurance/registration documents?

Published source: Required documents

7Document checkDo you have this required document or proof: Application form with borrower photograph?

Published source: Required documents

8Document checkDo you have this required document or proof: proof of agricultural land/cultivation?

Published source: Required documents

9Document checkDo you have this required document or proof: any other document required at sanction?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 4 Sept 2026 · active
Offered byState Bank of India

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Loan amount₹2,00,000 to ₹25,00,000Effective 5 Feb 2026View source
Loan Amount: Minimum Rs. 2,00,000 and Maximum Rs.25,00,000.
Source
Tractor Loan Scheme —
Page / section
Features — Loan Amount
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
TenureUp to 5 years, repayable in half-yearly principal-equated instalments with interestEffective 5 Feb 2026View source
Tenure: up to 5 years; repayment is in half-yearly instalments.
Source
Tractor Loan Scheme —
Page / section
Features — Tenure and Repayment
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Turnover / vintageNo turnover or business-vintage threshold is published for this individual-farmer tractor loanEffective 5 Feb 2026View source
The page states landholding and bureau-score conditions, but no turnover or business-vintage threshold.
Source
Tractor Loan Scheme —
Page / section
Complete current page review — Eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
CollateralCollateral security is optional. If provided, approved liquid security or equitable/registered mortgage of the applicant's land may be accepted; primary security is hypothecation of the financed tractor and accessories.Effective 5 Feb 2026View source
Collateral security is optional; primary security is hypothecation of tractor and accessories, and approved liquid security or mortgage may be accepted if collateral is provided.
Source
Tractor Loan Scheme —
Page / section
Features / Security /
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
EligibilityIndividual farmer with at least 2 acres of agricultural land and CRIF Highmark score above 600, CIBIL score above 650 or no credit history; up to two co-applicants may be added.Effective 5 Feb 2026View source
Applicant should hold minimum agricultural land of two acres and have CRIF Highmark above 600, CIBIL above 650 or no credit history.
Source
Tractor Loan Scheme —
Page / section
Eligibility
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Fees and charges1.50% of the loan amountEffective 5 Feb 2026View source
Fees & Charges: 1.50% of Loan amount.
Source
Tractor Loan Scheme —
Page / section
Fees & Charges
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Interest rateLinked to collateral value: 4.35% above 1-year MCLR with no collateral; 4.00% above 1-year MCLR when collateral is above 50% to 100% of loan value; 3.60% above 1-year MCLR when collateral exceeds 100% of loan value.Effective 5 Feb 2026View source
The page publishes 4.35%, 4.00% and 3.60% spreads above 1-year by collateral-value slab.
Source
Tractor Loan Scheme —
Page / section
Interest Rate table
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Required documentsApplication form with borrower photograph; tractor quotation/pro forma invoice; proof of agricultural land/cultivation; any other document required at sanction. Original invoice is due within 15 days of disbursement and Registration Certificate copy within 30 days.Effective 5 Feb 2026View source
The page lists the application, quotation, land proof and post-sanction invoice/RC timelines.
Source
Tractor Loan Scheme —
Page / section
Documents Required /
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Geographic limitsIndiaView source
The manually reviewed product record states: “India”.
Source
Tractor Loan — official product page
Page / section
Published product metadata
Accessed
4 Sept 2026
Confidence
high
Open official source ↗
Customer typeIndividual farmersView source
The manually reviewed product record states: “Individual farmers”.
Source
Tractor Loan — official product page
Page / section
Published product metadata
Accessed
4 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • ₹2 lakh–₹25 lakh
  • Up to 5 years with half-yearly instalments
  • 25% margin

Eligibility

  • Individual must hold at least 2 acres of agricultural land; up to two co-applicants may be added.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Landholding, , quotation and insurance/registration documents

Related official documents

SBI Bouquet of Products & Services — Agriculture: Loan Productsofficial-pdf · current · accessed 4 Sept 2026
↗
Tractor Loan Scheme — SBI official product pageofficial-product-page · current · accessed 4 Sept 2026
↗

Plan before applying

Try the numbers

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹15,615fifteen thousand six hundred fifteen rupees
Interest paid over the full loan₹12,47,487twelve lakh forty-seven thousand four hundred eighty-seven rupees
Everything you repay₹37,47,487thirty-seven lakh forty-seven thousand four hundred eighty-seven rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

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Finance to Self Help Group () · Purpose / eligibility corpus-based finance; Panchasutras mandatory; social needs, debt swap, housing, toilets and sustainable livelihoods

This value is copied from agriculture loan products — complete booklet transcription. Check the table notes before relying on it.

Source: Bouquet of Products & Services — Agriculture: Loan Products · Printed pages 34–37 / physical pages 41–44 Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 12 rows · 4 columnsSBI agriculture loan products — complete booklet transcriptionEvery agriculture product panel and the warehouse-receipt tables from printed pages 34–37 (physical PDF pages 41–44).View tableHide table

Scroll sideways to view every column

SBI agriculture loan products — complete booklet transcription
ProductPurpose / eligibilityAmount or limitTenure / margin / other published terms
Finance to Self Help Group () corpus-based finance; Panchasutras mandatory; social needs, debt swap, housing, toilets and sustainable livelihoodsUp to ₹20 lakhNo collateral margin up to ₹10 lakh; minimum 10% margin above ₹10 lakh
Svayam Siddha InitiativeIndividual women members of mature credit-linked with and sponsored by SRLM/NRLM; 28 common /Agri- activitiesUp to ₹10 lakh; simplified procedure up to ₹5 lakhOther activities ₹80,000–₹10 lakh follow regular procedure; 2% interest subvention for prompt women borrowers on ₹1.50 lakh outstanding for max 3 years
Agriculture Infrastructure Fund ()Farmers, agri entrepreneurs, start-ups, agencies/APMCs, cooperatives, PACS, , and ; post-harvest/processing/storageInterest-subvention limit ₹2 crore3% p.a. subvention for max 7 years; cover up to ₹2 crore; NABSanrakshan cover up to ₹2 crore for
Kisan Credit Card ()Owner cultivators, tenant farmers, oral lessees, sharecroppers, and ; cultivation, post-harvest, household consumption, farm assets and allied activitiesNeed-based by crop, acreage and Scale of Finance; 10% annual step-up through year 5Short crops 12 months; long crops 18 months; five-year validity subject to annual review; 3% prompt-repayment incentive
Animal Husbandry Infrastructure Development Fund ()Dairy/meat processing and animal-feed manufacturing; , companies, individuals, Section 8 companies, and dairy cooperativesCredit guarantee under up to ₹5 crore; NABSanrakshan up to ₹25 crore for 3% interest subvention for regular repayment, up to 8 years including moratorium; apply via Udyami Mitra
Warehouse Receipt Financing — AgriPost-harvest finance against WDRA-registered warehouse receipts or approved collateral-manager receiptsMinimum ₹1 lakh; individuals// up to ₹2 crore; /cooperatives/PACS/agro-food units up to ₹10 croreMaximum 12 months, but one month before commodity shelf life (12-month shelf life → 11-month term; 3-month shelf life → 2-month term); processing fee and collateral waived for e-NWR/approved-manager WHR
Asset Backed Agriculture Loan (ABAL)Traditional, modern farm and farm-related activities; short-term production and investment creditMaximum overdraft ₹2 crore per borrowerLoan secured by SARFAESI-compliant immovable property
Loan — Agri Allied ActivitiesIndividuals, sole proprietorships, partnerships (excluding corporate bodies/institutions), and ; dairy, poultry, fisheries, sericulture, piggery, sheep/goat rearing, beekeeping and mushroom cultivationCollateral-free loans up to ₹20 lakh; cover availableOverdraft and dropline overdraft facilities
Tractor LoanIndividual farmer with minimum 2-acre agricultural land holding; up to two co-applicants; tractor, accessories, insurance and registration₹2 lakh–₹25 lakhTerm loan; up to 5 years with half-yearly instalments; 25% margin
Fishing / ProcessingComposite fish culture, prawns/shrimp, boats and pond construction/deepening/widening/desilting; individuals, proprietorships, partnerships, , companies, cooperatives, /₹2 lakh–₹50 croreMaximum 7 years including 12-month moratorium
Poultry / ProcessingBroiler, egg, pullet and breeder production; equipment, feed, medicines, sheds, borewells, insurance, expansion and mechanisation; farmers//, corporates, /, companies, partnerships and cooperatives₹1 lakh–₹25 croreRepayable in 120 months including 9-month moratorium
Dairy / ProcessingMilch cattle, plant/machinery, sheds, land development, infrastructure and dairy processing; farmers, /, corporates, , partnerships and cooperativesNot published in the panel5 years for dairy farm; up to 10 years for processing; moratorium up to 3 months for dairy and 18 months for processing
  • Rows reproduce every product and numeric term shown on printed pages 34–37. Amounts, margins and periods are not inferred where the panel is silent.
Bouquet of Products & Services — Agriculture: Loan Products · Printed pages 34–37 / physical pages 41–44 · accessed 4 Sept 2026Open official source ↗
Table 2 · 3 rows · 2 columnsTractor Loan — collateral-linked interest spreadsCurrent rate slab published on SBI's Tractor Loan Scheme page.View tableHide table

Scroll sideways to view every column

Tractor Loan — collateral-linked interest spreads
Collateral valueInterest rate spread
No collateral4.35% above 1-year
Above 50% to 100% of loan value4.00% above 1-year
Above 100% of loan value3.60% above 1-year
  • page last updated 5 February 2026; the page also displays a separate current-rate widget, so the applicable rate should be reconfirmed before applying.
Tractor Loan Scheme — · Interest Rate table · accessed 4 Sept 2026Open official source ↗

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