Tractor Loan Interest Rate (2023)

1. Tractor Financing Rates: How Much do Tractor Loans Cost?

  • Tractor financing rates start at 5% per year. Financing rates for tractors can go up from there based on your credit, time in business, and other factors.

  • Are you looking into tractor financing rates? If so, we'll cover how much tractor loans cost including 5 critical...

Tractor Financing Rates: How Much do Tractor Loans Cost?

2. Current Interest Rates | Farm Equipment Financing - AgDirect

  • Current Rates ; 5 years, 7.30% ; 6–7 years, 7.35% ; $75,000–$199,999, 2–3 years, 7.35% ; 4 years, 7.35% ...

  • AgDirect offers exceptionally flexible terms that match the income stream of farmers and ranchers along with attractive rates.

3. Compact Tractor & Implements | County FCU

4. Apply for a New Tractor loan & Finance | TractorJunction

  • The ICICI tractor loan starts at 13.0%, whereas the ICICI tractor interest rate is 16.%. ICICI also provides an EMI calculator tractor loan to help you ...

  • Get a new tractor loan with competitive interest rates. Calculate EMI and explore the latest tractor finance schemes at TractorJunction.

Apply for a New Tractor loan & Finance | TractorJunction

5. Tractor Loan - Members Cooperative Credit Union

  • RATES ; Motorsports (ATV, UTV, Snowmobile, Jet Ski, Off-Road Motorcycles) ; Year, Term, APR as low as ; 2020 and newer, 48 Months, 6.24% ; 2014 - 2019, 48 Months ...

  • The grass really is greener when you apply for a new or used tractor loan at MCCU.

6. Tractor Loan - Apply for Tractor Finance Online in 2023 - Tractorgyan

  • The tractor loan interest rate ranges from 8% to 20%. Interest rates for tractor loans are calculated based on CIBIL ratings and collateral. This loan ...

  • We provide tractor finance/loan new tractor or second hand tractor with low interest rate. Get all information about your tractor loan/finance/Refinance. Get the loan with low-interest rate, Apply online for the loan only at

Tractor Loan - Apply for Tractor Finance Online in 2023 - Tractorgyan

7. Compare Best Tractor Loans at attractive rates - BankBazaar

  • Compare Best Tractor Loans Interest Rates 2023 17.50% p.a. to 20% p.a. 16% p.a. to 20% p.a.

  • Tractor Loan Interest Rates 2023, Features & Benefits, Tractor Loan Eligibility, Calculate EMI, Best OFFERS, Instant Approval, Apply Online Now

Compare Best Tractor Loans at attractive rates - BankBazaar

8. Tractor Financing Rates - How Much Do Tractor Loans Cost?

  • Jun 29, 2023 · 1. Interest Rate. The tractor financing rate varies from 9% to 23%. · 2. Loan Tenure. In most cases, the loan tenure is five years or 60 months.

  • Tractor Loan Financing Rates - Checkout How Much Do Tractor Loans Cost. Also Know The Documents Required While Getting A Tractor Loan. For More Details Visit Mahindra Finance.

Tractor Financing Rates - How Much Do Tractor Loans Cost?

9. Tractor Loans | Dirigo Federal Credit Union | Maine Banking

  • Tractors ; 60, 7.35%, As low as 7.50%, $20.04 ; 48, 6.35%, As low as 6.54%, $23.73 ...

  • Dirigo FCU's low rates and flexible terms help Mainers get the job done. Get the most out of your work time with a Tractor Loan today.

Tractor Loans | Dirigo Federal Credit Union | Maine Banking

10. Compact Tractor Financing - John Deere

  • Loan Amount ($). $1,000 $100,000. Interest Rate (%). 06. Length of Loan (Months). 1284. Monthly. $330. Estimated Monthly Payment‡. Graphical View. Payment ...

  • Learn about our loan options on John Deere Compact Tractors with customized financing solutions for real life to help your operation succeed.

11. Compact Tractor Loans & Leases | Finance | John Deere US

  • Compact Tractor Loan or Lease?¹. In addition to filling out an ... ¹ · Personal use financing. Basic; Advanced. Loan Amount ($). $5,000 $750,000. Interest Rate ...

  • Learn about our loans and leasing options on John Deere Compact Tractors with customized financing solutions for real life to help your operation succeed.


What is the best type of loan for a tractor? ›

The equipment loan is one of the most valuable forms of financing for farmers. You can use an equipment loan to purchase most farm equipment forms, including new and used tractors. The used tractor you're financing with an equipment loan acts as the collateral.

How hard is it to finance a tractor? ›

What Credit Score is Needed to Finance a Tractor? The best tractor financing programs require credit scores over 680 but there are programs in the marketplace for most credit profiles. Often, tractors can be financed with FICO scores all the way down to 500 based on cash flow, collateral, or other factors.

What is the interest rate of John Deere? ›

John Deere 5045 D EMI starts at Rs. 15,416 per month for a time period of 60 months at a 15 % interest rate for a loan amount of Rs. 6,48,000.

What is the interest rate on equipment loan? ›

Rates for equipment loans typically range from 7% to 20%.

Which bank is best for tractor finance? ›

Tractor Loan Interest Rate Comparison
Bank NameInterest RateLoan Tenure
ICICI Bank13% p.a. to 22% p.a.Up to 5 years
State Bank of India9.00% p.a. - 10.25% p.a.Up to 5 years
HDFC Bank12.57% p.a. to 23.26% p.a.*12 months to 84 months
Poonawalla Fincorp16% p.a. to 20% p.a.According to bank

How long can you take out a loan for on a tractor? ›

How long will a bank finance a tractor? The terms of any loan will depend on the number of years you've been in business and your credit score. If you're able to pay higher financing charges, you can secure a 36-month term loan, but banks will finance them for up to 60 months.

Can I finance a tractor for 10 years? ›

At Dealership

Purchase, lease and refinance options available on new and used ag equipment sold through farm equipment dealers — with 2-7 years (up to 10-year term on pivots)*. Easy application and quick credit decisions.

How long can you finance a Kubota tractor? ›

Maximum Term24 Months
Down Payment0%
Example Monthly Payments per $1,000 Financed$17.09
Maximum Term72 Months
31 more rows

What credit score do you need to buy a tractor trailer? ›

Some semi truck lenders will accept scores as low as 540, whereas others will require good credit (a minimum score of 690). Although you can still get semi truck financing with bad credit, interest rates will likely be higher.

Does John Deere financing require down payment? ›

0% APR fixed rate for 60 Months*

Subject to approved credit on a Revolving Plan account, a service of John Deere Financial, f.s.b. For consumer use only. No down payment required.

Why is John Deere so expensive? ›

Deere machinery is generally considered to be premium quality, and top quality always costs at least a little more.

Can you negotiate salary with John Deere? ›

Negotiate Salary

If you think you and your skill set should be valued higher than your offer, negotiate your salary! 30% of employees at John Deere said they negotiated their salaries. On average, John Deere employees earn $133,858. John Deere ranks in the Top 50% for compensation in Iowa City, IA.

What is a reasonable loan interest rate? ›

Average personal loan interest rates by credit score
Credit scoreAverage loan interest rate
4 days ago

What is a good interest rate for financing? ›

How do you know if the interest rate you're offered is good for you? A good personal loan interest rate depends on your credit score: 740 and above: Below 8% (look for loans for excellent credit) 670 to 739: Around 14% (look for loans for good credit)

What is the current interest rate? ›

Current mortgage and refinance interest rates
ProductInterest RateAPR
10-Year Fixed Rate6.89%6.93%
5-1 ARM6.67%8.01%
10-1 ARM7.19%8.15%
30-Year Fixed Rate FHA6.80%7.75%
5 more rows

What type of loan has best rates? ›

In general, a secured loan, like a mortgage, will have a lower interest rate than an unsecured loan, like a standard personal loan, because it is less risky for the lender. This is due to the collateral the borrower puts up to get the loan.

Why is a tractor a capital good? ›

Answer and Explanation: The tractor is a capital among factors of production. A tractor is a machine, and hence, assists in production based on technology.

Which loan is better to take? ›

List of Best Personal Loans Offered by Various Banks/NBFCs in India
Banks/NBFCsInterest Rates(p.a.)
Federal Bank11.49% onwardsApply Now
DMI Finance12.00% - 40.00%Apply Now
L&T Finance12.00% onwardsApply Now
Kreditbee12.25% - 30.00%Apply Now
13 more rows

Are equipment loans easier to get? ›

One of the benefits of equipment financing is that it's easier to qualify for than other loans. Each lender will set its own minimum credit score requirements, but a minimum of 575 or 600 isn't unusual. Keep in mind that credit score is just one factor lenders consider.


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