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Kotak Mahindra Bank Farm Equipment Loan

Farm-equipment finance for new and old tractors, harvesters and implements. The bank publishes finance up to 90% of tractor value and eligibility conditions including landholding, residence stability and, where applicable, business experience.

Maximum financeUp to 90% of tractor value.Published rate basis and ceilingMinimum: prevailing MCLR or reference rate; maximum: 30%.Eligible customer typesExisting customers financing new or old tractors, harvesters or implements for agricultural or commercial purpose.
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Quick eligibility check

Kotak Mahindra Bank Farm Equipment 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.

1Do you meet this requirement: Existing customers financing new or old tractors, harvesters or implements for agricultural or commercial purpose?

Published source: Eligible customer types

2Can you provide this required proof: Before disbursement: executed loan documents, original dealer invoice, margin-money receipt and insurance pledged to Kotak Mahindra Bank?

Published source: Documents to prepare

3Do you meet this requirement: At least 3 acres of land in the borrower's name?

4Do you meet this requirement: 2 years' residential stability?

5Do you meet this requirement: 2 years' business experience if applicable?

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

Published source: Documents to prepare

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

Published source: Documents to prepare

8Document checkDo you have this required document or proof: Agricultural land proof, if available?

Published source: Documents to prepare

9Document checkDo you have this required document or proof: Signature verification?

Published source: Documents to prepare
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Sept 2026 · active
Offered byKotak Mahindra Bank

See the official bank source for geographic availability.

Key facts

What the official sources publish

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

Eligible customer typesExisting customers financing new or old tractors, harvesters or implements for agricultural or commercial purpose.View source
The page covers new and old tractors, harvesters and implements for agricultural/commercial purpose; it also states loans for captive usage for existing customers.
Source
Farm Equipment — Kotak Mahindra Bank
Page / section
Product overview and financed equipment
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Maximum financeUp to 90% of tractor value.View source
The bank says loan finance is available up to 90% of tractor value. The statement is not extended here to other equipment types.
Source
Farm Equipment — Kotak Mahindra Bank
Page / section
Product features — loan quantum
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Landholding and experienceAt least 3 acres of land in the borrower's name; 2 years' residential stability; 2 years' business experience if applicable.View source
Kotak's current eligibility list gives a minimum 3-acre landholding in the applicant's name, 2 years' residential stability and 2 years' business experience if applicable.
Source
Farm Equipment — Eligibility
Page / section
Published eligibility list
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Published rate basis and ceilingMinimum: prevailing MCLR or reference rate; maximum: 30%.View source
The current farm-equipment fee schedule lists the prevailing or reference rate as the minimum and 30% as the maximum; the actual sanctioned rate is borrower-specific.
Source
Farm Equipment — Fees and Charges
Page / section
Interest Rate: minimum and maximum
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Processing / service chargeUp to 3% of the loan amount.View source
The published Farm Equipment schedule states service charges up to 3% of the loan amount.
Source
Farm Equipment — Fees and Charges
Page / section
Service charges
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Prepayment chargesFor TFE Business loans sanctioned/renewed from 1 January 2026: individual fixed-rate facilities — 4% foreclosure or 2% part-prepayment on amount prepaid; MSE fixed-rate up to ₹50 lakh — nil; MSE fixed-rate above ₹50 lakh — 2%; medium non-individual and other non-individual fixed-rate borrowers — 4% foreclosure or 2% part-prepayment. The schedule permits part-prepayment up to twice a year. For revolving facilities the charge base does not exceed the sanctioned limit; applicable taxes and agreement terms apply. The reviewed TFE schedule does not establish a floating-rate waiver, so none is stated here.Effective 1 Jan 2026View source
The current TFE table separates foreclosure and part-prepayment for individual, medium and other non-individual fixed-rate borrowers, and states a maximum two part-prepayments a year. The page 2 schedule is applied to the Farm Equipment route; page 6 ABG Agri is a separate unresolved product segment.
Source
Prepayment Charges for Commercial Banking Business: Loans & Advances
Page / section
Page 2, TFE Business current schedule effective for loans sanctioned or renewed from 1 January 2026
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Documents to prepareBefore sanction: identity proof, address proof, agricultural-land proof if available and signature verification. Before disbursement: executed loan documents, original dealer invoice, margin-money receipt and insurance pledged to Kotak Mahindra Bank.View source
The page separates the pre-sanction identity/address/land/signature documents from the invoice, margin, executed-loan and insurance documents required before disbursement.
Source
Farm Equipment — Required Documents
Page / section
Pre-sanction and pre-disbursement document lists
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Recently contracted rates (not an offer rate)Loans contracted in the quarter ended 30 June 2026: 9.01%–29.47%; mean 15.30%. This is portfolio disclosure, not a current offer, eligibility threshold or APR.View source
The row reports a historic distribution of contracted TFE loans; it is separate from current borrower-specific terms and the published 30% ceiling.
Source
Kotak Mahindra Bank — Interest Rates, loan pricing and contracted-loan disclosures
Page / section
Contracted commercial-loan table, TFE row; quarter ended 30 June 2026
Accessed
30 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Finance for new or old tractors, harvesters and implements
  • Loan up to 90% of tractor value
  • Nationwide branch presence
  • The page names Kotak Kisan Suraksha life-insurance shield as an optional/associated benefit; insurance terms and premium need separate review

Eligibility

  • At least 3 acres of land in the borrower's name; 2 years' residential stability; 2 years' business experience if applicable.

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

Documents the bank lists

  • Identity proof
  • Address proof
  • Agricultural land proof, if available
  • Signature verification
  • Fully executed loan documents
  • Original dealer invoice
  • Margin-money receipt
  • Insurance pledged to Kotak Mahindra Bank

Related official documents

Commercial Vehicle / Construction Equipment / Tractor & Farm Equipment Loan Agreement, Version 6.0official-commercial-loan-agreement-pdf · relevant-pages-reviewed-document-incomplete · accessed 30 Sept 2026
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Kotak Mahindra Bank — Prepayment charges for Commercial Banking Business: Loans & Advancesofficial-commercial-loan-prepayment-schedule-pdf · all-pages-reviewed-page-4-arb-crop-mapped-other-product-mapping-partial · accessed 1 Oct 2026
↗
Farm Equipment — Required Documentsofficial-required-documents-page · current-page-reviewed · accessed 30 Sept 2026
↗
Farm Equipment — Eligibilityofficial-eligibility-page · current-page-reviewed · accessed 30 Sept 2026
↗
Farm Equipment — Fees and Chargesofficial-product-fee-schedule · current-page-reviewed · accessed 30 Sept 2026
↗
Farm Equipment — Kotak Mahindra Bank product pageofficial-product-page · current-page-reviewed · accessed 30 Sept 2026
↗
Kotak Mahindra Bank — Interest Rates, loan pricing and contracted-loan disclosuresofficial-loan-rate-and-regulatory-disclosure-page · crop-loan-contracted-row-reviewed-focused-source · accessed 1 Oct 2026
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Plan before applying

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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₹62,667sixty-two thousand six hundred sixty-seven rupees
Interest paid over the full loan₹1,25,40,135one crore twenty-five lakh forty thousand one hundred thirty-five rupees
Everything you repay₹1,50,40,135one crore fifty lakh forty thousand one hundred thirty-five 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.

Minimum interest rate · Commercial Vehicle GroupPrevailing or reference rate

This value is copied from Commercial and farm-equipment finance: published fees by division. Check the table notes before relying on it.

Source: Commercial Vehicle / Construction Equipment / Tractor & Farm Equipment Loan Agreement, Version 6.0 · page 23, division fee schedule and footnotes Open official source ↗

Published tables

Complete rates, limits and schedules

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

Table 1 · 39 rows · 4 columnsCommercial and farm-equipment finance: published fees by divisionThe agreement schedule's CV Group, Construction Equipment and Tractor & Farm Equipment (TFE) columns. Percent caps and amounts are subject to the stated agreement/application unit and applicable tax.View tableHide table

Scroll sideways to view every column

Commercial and farm-equipment finance: published fees by division
Charge / conditionCommercial Vehicle GroupConstruction EquipmentTractor & Farm Equipment
Minimum interest ratePrevailing or reference ratePrevailing or reference ratePrevailing or reference rate
Maximum interest rate24%24%30%
Loan processing / service chargesUp to 3% of loan amountUp to 3% of loan amountUp to 3% of loan amount
Documentation chargesUp to ₹5,000 per APACUp to ₹5,000 per APACUp to ₹5,000 per APAC
Stamping chargesAt actualsAt actualsAt actuals
Credit administration chargesUp to ₹4,000Up to ₹6,000Up to ₹2,000
Loan cancellation₹2,500 per agreement₹2,500 per agreement₹2,500 per agreement
Penal charge on overdue amount8% p.a. plus applicable taxes, for actual overdue days8% p.a. plus applicable taxes, for actual overdue days8% p.a. plus applicable taxes, for actual overdue days
Dishonour charge₹750 per instance₹750 per instance₹750 per instance
Replacement of post-dated cheques₹500 per swap per instance₹500 per swap per instance₹500 per swap per instance
Change in instalment amount / tenor₹1,000₹1,000Not applicable in this schedule
Individual floating-rate prepaymentNilNilNot stated for TFE in this row
Individual fixed-rate foreclosure4% on applicable prepayment base4% on applicable prepayment base4% on applicable prepayment base
floating-rate prepaymentNilNilNot stated for TFE in this row
fixed-rate loan up to ₹50 lakh: prepaymentNilNilNil
fixed-rate loan above ₹50 lakh: prepayment2% on applicable prepayment base2% on applicable prepayment base2% on applicable prepayment base
Medium non-individual fixed/floating prepayment4% on applicable prepayment base4% on applicable prepayment base4% on applicable prepayment base
Other non-individual fixed/floating prepayment4% on applicable prepayment base4% on applicable prepayment base4% on applicable prepayment base
TFE part-prepayment——2% of amount prepaid plus applicable taxes; maximum twice per year
Duplicate NOC₹500₹500₹500
Copy of statement of account / amortization schedule₹500₹500₹500
ValuationUp to ₹2,000Up to ₹5,000₹1,000
Duplicate foreclosure statement₹500₹500₹500
National permit NOC₹500——
State permit NOC₹500——
Change in vehicle body type NOC₹500——
Rebooking after borrower/security/asset change₹2,500₹2,500₹2,500
Change in instalment due date₹1,000—₹1,000
Assignment2% of outstanding principal or ₹10,000, whichever is less1% of outstanding principal2% of outstanding principal or ₹5,000, whichever is less
Change in property / asset / collateral₹2,000——
Copy of property / loan document₹1,000——
NOC to convert private to commercial registration₹2,000——
NOC to convert commercial to private registration₹2,000——
Payment handling₹2,000₹1,000—
RepossessionAt actualsAt actualsMinimum ₹15,000 or actual, whichever is higher
Immovable-asset verificationAt actualsAt actuals—
Legal / incidental chargesAt actualsAt actualsMinimum ₹5,000 or actuals
Tax / agreement basis extra as applicable; per agreement/APAC extra as applicable; per agreement/APAC extra as applicable; per agreement/APAC
Priority-sector loans up to ₹50,000Loan-related and ad hoc service/inspection charges not applicable; for eligible / loans, threshold is per memberSame shared schedule noteSame shared schedule note
  • This page 23 table was manually read from the version 6.0 agreement, modified 15 April 2026. The schedule separates product divisions; a dash means a charge is not applicable to that division. Prepayment is also cross-checked against the separately effective 1 January 2026 . For CV/CE, the separate current page 1 is used for the borrower-specific schedule. For TFE, the separate current page 2 distinguishes foreclosure from part-prepayment. The loan agreement also states charges apply per agreement/APAC and taxes are extra.
  • The V6 agreement's remaining clauses/forms are not fully reviewed yet; do not treat this table as completion of the entire agreement.
Commercial Vehicle / Construction Equipment / Tractor & Farm Equipment Loan Agreement, Version 6.0 · page 23, division fee schedule and footnotes · accessed 30 Sept 2026Open official source ↗
Table 2 · 7 rows · 2 columnsTractor & Farm Equipment Business — current prepayment scheduleFor TFE facilities sanctioned or renewed from 1 January 2026; the schedule distinguishes foreclosure and part-prepayment.View tableHide table

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Tractor & Farm Equipment Business — current prepayment schedule
Borrower / facility conditionCurrent charge
Individual, fixed rate4% foreclosure or 2% part-prepayment on amount prepaid for non-revolving facilities; revolving base does not exceed sanctioned limit
, fixed rate, above ₹50 lakh2% prepayment/part-prepayment; non-revolving amount prepaid or revolving base not exceeding sanctioned limit
Medium, non-individual, fixed rate4% foreclosure or 2% part-prepayment; non-revolving amount prepaid or revolving base not exceeding sanctioned limit
Other non-individual borrower/company, fixed rate4% foreclosure or 2% part-prepayment; non-revolving amount prepaid or revolving base not exceeding sanctioned limit
, fixed rate, up to ₹50 lakhNil
Cash-credit/overdraft closed on due dateNo charge for non-individual borrowers with at least 30 days' prior non-renewal notice who close on the due date
Part-prepayment frequencyMaximum twice a year
  • Current TFE Business table only; do not merge with the separate ABG Agri or RBG CV/CE rows. Floating-rate TFE waiver is not stated in this page 2 table.
Prepayment Charges for Commercial Banking Business: Loans & Advances · page 2, TFE Business current schedule and footnotes · effective 1 Jan 2026 · accessed 30 Sept 2026Open official source ↗
Table 3 · 3 rows · 4 columnsContracted commercial-loan rates — quarter ended 30 June 2026Historical distribution of contracted loans; these are not current offers, APRs or customer eligibility thresholds.View tableHide table

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Contracted commercial-loan rates — quarter ended 30 June 2026
Product groupMinimum (%)Maximum (%)Mean (%)
CV Retail (Commercial Vehicle) Group7.6524.0011.93
CE Retail (Construction Equipment)7.7221.1310.90
TFE9.0129.4715.30
  • The official source table is for loans contracted in the quarter ended 30 June 2026. It does not state a period in the displayed percentage columns; no p.a. suffix is inferred. Product-specific is not supplied by this table.
Kotak Mahindra Bank — Interest Rates, loan pricing and contracted-loan disclosures · Contracted commercial-loan table; CV Retail, CE Retail and TFE rows, quarter ended 30 June 2026 · accessed 30 Sept 2026Open official source ↗

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