What documents are needed for a new tractor loan?

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When applying for a new tractor loan, having the right documents ready can help speed up the approval process. At IFFCO Kisan Finance, we aim to make your tractor loan experience smooth, transparent, and farmer-friendly.

1. Basic Personal Documents​

To verify your identity and address, you’ll need:

• Proof of Identity: Aadhaar Card, Voter ID, PAN Card, or Passport
• Proof of Address: Ration Card, Electricity Bill, or Driving License
• Passport-size Photographs: Usually two recent photos

2. Income and Financial Proof​

These documents help determine your repayment ability:

• Bank Statements: Last 6 months
• Income Proof: Salary slips (for employed) or ITR (for self-employed)
• Land Ownership Documents: If you are a farmer applying for a tractor loan

3. Vehicle-related Documents​

When purchasing a new tractor, you’ll need:

• Quotation or Proforma Invoice from the tractor dealer
• Details of Tractor Model and Price
• Insurance Papers (if already available)

4. Additional Documents (if applicable)​

Depending on your profile, IFFCO Kisan Finance may also request:

• Guarantor Form (if required)
• Business Proof (for commercial usage)
• Existing Loan Statements (if you have ongoing loans)

Why Choose IFFCO Kisan Finance?​

At IFFCO Kisan Finance, we understand the needs of India’s farmers and agri-entrepreneurs. That’s why we offer:

• Quick loan approvals with minimal paperwork
• Attractive interest rates and flexible repayment options
• Farmer-first service with complete transparency

Tip: Always keep your documents up to date and organized — it ensures a faster approval process for your new tractor loan with IFFCO Kisan Finance.