Agriculture loans include loans for tractor financing or loans for tractor loans. Numerous well-known banks, financial institutions run by the government, and non-banking financial firms (NBFCs) all around the nation provide them. With financing on tractors, farmers may easily purchase used tractors, electric tractors, small tractors, and new tractors.

 tractor loan can be applied for by an individual or by a group of individuals. Either all members of the group or a single member can finish the repayment. For tractor financing, the equivalent monthly installment (EMI) plan is employed.In the event of a borrower default, the financier will seize possession of the tractor.