Rural Finance - FAQs
If you want to repay your loan earlier than the due date, feel free to do so
Yes, you will have to pay a pre-payment fee of 4% plus applicable taxes if you pay your entire loan.
If your tractor is approved by Tata Capital & manufactured in India, then you are eligible to purchase any tractor of your choice.
Whether you are a farmer or not, you can avail Tractor loan for agricultural or commercial purposes. If you are a farmer, you must have a minimum of 2 acres of agricultural land.