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Tractor Loans

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Fixed interest rate by LTVFor agricultural/agri-hiring: 14.50% above 80–85% LTV, 14% above 70–80%, 13% above 60–70%, 12.50% above 50–60%, 12.25% up to 50%. Agri-cum-commercial uses the same rates up to 80% LTV; Tatkal uses 13% above 60–70%, 12.50% above 50–60% and 12.25% up to 50%.Customer typeFarmers, agricultural enterprises and eligible rural borrowersSecurityHypothecation of the financed vehicle (tractor) applies for Agricultural/agri-hiring, Agri-cum-commercial and Tatkal Tractor variants.
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Quick eligibility check

Tractor Loans

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: Local resident in the branch service area for at least 3 years?

Published source: Eligibility

2Are you aged 18 to 70?

Published source: Eligibility

3Does your age meet this requirement: If age exceeds 70, a blood relative/legal heir co-applicant is required?

Published source: Eligibility

4Do you meet this requirement: Agricultural/agri-hiring use requires at least 2.5 acres?

Published source: Eligibility

5Do you meet this requirement: agri-cum-commercial use requires up to 2.5 acres?

Published source: Eligibility

6Document checkDo you have this required document or proof: Aadhaar?

Published source: Required documents

7Document checkDo you have this required document or proof: Voter ID?

Published source: Required documents

8Document checkDo you have this required document or proof: PAN card?

Published source: Required documents

9Document checkDo you have this required document or proof: Driving licence?

Published source: Required documents
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Aug 2026 · active
Offered byBank of Baroda

India; eligibility, branch and channel availability follow the official product terms

Key facts

What the official sources publish

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

EligibilityLocal resident in the branch service area for at least 3 years; borrower age 18–70 at agreement. If age exceeds 70, a blood relative/legal heir co-applicant is required. Agricultural/agri-hiring use requires at least 2.5 acres; agri-cum-commercial use requires up to 2.5 acres; Tatkal Tractor has no minimum land holding.View source
The official tractor page publishes residence, age, co-applicant and category-specific land conditions.
Source
Tractor Loans
Page / section
Features / Eligibility Criteria
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Margin / LTVMinimum margin is 15% for agricultural/agri-hiring, 20% for agri-cum-commercial and 30% for Tatkal Tractor. Corresponding maximum LTV is 85%, 80% and 70%.View source
The official table publishes category-specific margin and percentages.
Source
Tractor Loans
Page / section
— Minimum Margin / Maximum
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Fixed interest rate by LTVFor agricultural/agri-hiring: 14.50% above 80–85% LTV, 14% above 70–80%, 13% above 60–70%, 12.50% above 50–60%, 12.25% up to 50%. Agri-cum-commercial uses the same rates up to 80% LTV; Tatkal uses 13% above 60–70%, 12.50% above 50–60% and 12.25% up to 50%.View source
The official /rate table publishes fixed rates by tractor category and band.
Source
Tractor Loans
Page / section
— Rate of Interest
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Repayment / moratoriumAgricultural/agri-hiring and agri-cum-commercial variants repay up to 72 months; Tatkal Tractor up to 60 months. Moratorium is 30 days monthly, 90 days quarterly and 180 days half-yearly where offered.View source
The official table publishes category-specific tenors and payment-frequency moratoriums.
Source
Tractor Loans
Page / section
— Repayment Period / Moratorium
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Charges / securityProcessing charge is 1% of loan amount. Security is hypothecation of the financed tractor; no restriction is published on tractor horsepower range.View source
The official page publishes the 1% processing charge and hypothecation security.
Source
Tractor Loans
Page / section
Fees & Charges /
Accessed
23 Aug 2026
Confidence
high
Open official source ↗
Land and residence requirementFor Agricultural end-use and Agri Hiring, at least 2.5 acres of agricultural land (single or jointly owned) is required. The Agri-cum-commercial variant requires land holding up to 2.5 acres; Tatkal Tractor has no applicable land-holding requirement. All applicants must be local residents for at least 3 years in the branch service area. No turnover threshold is published.View source
The page publishes category-specific land rules and a three-year local-residence rule, but no business turnover requirement.
Source
Tractor Loans
Page / section
Features; Eligibility Criteria; — Residence stability
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
SecurityHypothecation of the financed vehicle (tractor) applies for Agricultural/agri-hiring, Agri-cum-commercial and Tatkal Tractor variants.View source
The table lists hypothecation of vehicle for each of the three tractor variants.
Source
Tractor Loans
Page / section
— Security
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Required documentsKYC documents such as Aadhaar, voter ID, PAN card or driving licence; passport-size photograph; land records; quotation or invoice if available; and income-tax returns if available. Documentary evidence issued by the Government of India is required to confirm the three-year local-residence stability.View source
The official document list and residence row were captured together, including the ‘if available’ qualifiers.
Source
Tractor Loans
Page / section
Document Required; — Residence stability
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Service-area residenceApplicant must be a local resident for at least 3 years in the service area of the lending branch; documentary evidence issued by the Government of India is used to confirm residence stability.View source
The official eligibility and rows make the branch-service-area residence condition explicit.
Source
Tractor Loans
Page / section
Eligibility Criteria; — Residence stability
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Published benefitsLow processing charges, no minimum land holding for Tatkal Tractor, attractive interest charges, quick processing, no restriction on tractor horsepower range and provision for Credit Life Insurance cover.View source
The official benefits section lists these six benefits.
Source
Tractor Loans
Page / section
Benefits
Accessed
30 Aug 2026
Confidence
high
Open official source ↗
Customer typeFarmers, agricultural enterprises and eligible rural borrowersView source
The manually reviewed product record states: “Farmers, agricultural enterprises and eligible rural borrowers”.
Source
Tractor Loans — official product page
Page / section
Published product metadata
Accessed
15 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Low processing charges, no minimum land holding for Tatkal Tractor, attractive interest charges, quick processing, no restriction on tractor horsepower range and provision for Credit Life Insurance cover.

Eligibility

  • Local resident in the branch service area for at least 3 years
  • borrower age 18–70 at agreement. If age exceeds 70, a blood relative/legal heir co-applicant is required. Agricultural/agri-hiring use requires at least 2.5 acres
  • agri-cum-commercial use requires up to 2.5 acres
  • Tatkal Tractor has no minimum land holding.

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

Documents the bank lists

  • Aadhaar
  • Voter
  • card
  • Driving licence

Related official documents

Rural & Agri loan catalogue — Financing Irrigation entryofficial-product-catalogue · Targeted eligibility cross-check for Financing Irrigation · accessed 28 Sept 2026
↗
Priority Sector Loans Interest Rates — Farm Credit A.1 schedule and scope footnoteofficial-interest-rate-page · Targeted current A.1 comparison; product-page rate rows remain primary and tariff scope is explicitly qualified · accessed 28 Sept 2026
↗
Tractor Loans — current official product pageofficial-product-page · Current rate/applicability checked; full product review remains open · accessed 27 Sept 2026
↗
Tractor Loans — Bank of Baroda official product pageofficial-product-page · current · accessed 30 Aug 2026
↗

Plan before applying

Try the numbers

Private, instant and based on the values you enter.

Try your numbers

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₹32,000thirty-two thousand rupees
Interest paid over the full loan₹51,79,987fifty-one lakh seventy-nine thousand nine hundred eighty-seven rupees
Everything you repay₹76,79,987seventy-six lakh seventy-nine thousand nine 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

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Land holding · Agricultural end-use / Agri HiringMinimum 2.5 acres

This value is copied from Tractor Loans — complete published variant terms. Check the table notes before relying on it.

Source: Tractor Loans · Benefits; Features; Eligibility; Document Required; Fees & Charges; Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 19 rows · 4 columnsTractor Loans — complete published variant termsStructured capture of all variant rows and rate bands in the official MITC, plus the page's eligibility, document and fee details.View tableHide table

Scroll sideways to view every column

Tractor Loans — complete published variant terms
ParameterAgricultural end-use / Agri HiringAgri-cum-commercialTatkal Tractor
Land holdingMinimum 2.5 acresUp to 2.5 acresNot applicable
Residence stabilityLocal resident at least 3 years in branch service area; Government of India documentary evidenceSameSame
Age18–70 years at agreement; above 70 requires blood-relative/legal-heir co-applicantSameSame
Minimum margin15%20%30%
Maximum 85%80%70%
Fixed rate: above 80% to 85% 14.50%Not applicableNot applicable
Fixed rate: above 70% to 80% 14%14%Not applicable
Fixed rate: above 60% to 70% 13%13%13%
Fixed rate: above 50% to 60% 12.50%12.50%12.50%
Fixed rate: up to 50% 12.25%12.25%12.25%
Repayment periodUp to 72 months (6 years), monthly/quarterly/half-yearlyUp to 72 months (6 years), monthly/quarterly/half-yearlyUp to 60 months (5 years), monthly/quarterly
MoratoriumMonthly 30 days; quarterly 90 days; half-yearly 180 daysMonthly 30 days; quarterly 90 days; half-yearly 180 daysMonthly 30 days; quarterly 90 days
Half-yearly repayment noteOnly for tractors up to 50 HPOnly for tractors up to 50 HPNot stated
SecurityHypothecation of vehicleHypothecation of vehicleHypothecation of vehicle
Tractor horsepowerNo restrictionNo restrictionNo restriction
Processing charge1% of loan amount1% of loan amount1% of loan amount
Loan amountNot published on pageNot published on pageNot published on page
Documents, photograph, land record, quotation/invoice if available, if availableSameSame
Credit Life InsuranceProvision stated in benefitsProvision stated in benefitsProvision stated in benefits
  • means loan-to-value; the fixed-rate table is banded by and the page does not state a rupee loan quantum.
  • The page says agri-cum-commercial land holding is up to 2.5 acres, while Tatkal has no applicable land-holding requirement.
  • The 1% processing charge is the only numeric fee published on the reviewed page.
Tractor Loans · Benefits; Features; Eligibility; Document Required; Fees & Charges; · accessed 30 Aug 2026Open official source ↗

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