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Tractor loans offer essential financial support to farmers, enabling them to purchase new, mini, electric, or used tractors with ease. These loans are offered by banks, government agencies, and NBFCs, featuring up to 90% financing of the tractor's cost. Key benefits include low-interest rates, easy online application, and straightforward documentation. Farmers must provide identity proof, age proof, address proof, income proof, and ownership proof. Major banks like SBI, HDFC, and ICICI offer competitive rates and terms.

Using our online Tractor Loan Calculator, you can quickly determine your EMI based on the loan amount, tenure, and interest rate. This tool helps you make informed financial decisions by showing exact monthly payments and interest components. Additionally, farmers can avail of loans against existing tractors or refinance them to address financial needs while continuing to use their equipment. Whether you're purchasing a new tractor or a used one, TractorGyan streamlines the tractor loan process with comprehensive information and easy application procedures. Know various loan schemes, check eligibility, and apply online to secure the best tractor finance for your agricultural needs. Visit TractorGyan for detailed insights and assistance with your tractor loan journey.

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A Tractor EMI calculator (Equated Monthly Installment) is the monthly payment made to a financial institution or bank to repay a tractor loan. This payment includes both the loan interest and a portion of the principal amount. The total repayment amount is divided by the loan term, which is the number of months you have to repay the loan. You make this payment every month.

At the start of the loan, the interest component of the EMI is higher, but it decreases over time. Meanwhile, the principal component increases as you make payments. Although the total EMI amount remains the same throughout the loan term, the balance between the principal and interest in each payment changes, with more of your payment going toward the principal as you progress.

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Tractors are versatile machines that handle both small-scale and heavy-duty farming tasks with ease. They come in a range of power capacities, with popular models in India offering between 15 HP and 120 HP. Mini tractors typically have less than 40 HP, while heavy-duty tractors start from 40 HP and can go up to 90 HP, with a few models exceeding this range. There are over 25 well-known tractor brands in India, each offering a variety of models to suit different needs.Tractor price in 2024 starts at Rs. 2.45 lakh* and can reach up to Rs. 33.99 lakh* (on-road).

With such a wide range, you can find a tractor that fits your budget and boosts your farming efficiency. When choosing a tractor, farmers need to set a budget and research current prices to find the best option that meets their needs and financial constraints. Mahindra, John Deere, Massey Ferguson, Swaraj, Sonalika, Eicher, Farmtrac, Kubota, New Holland, and Powertrac offer a diverse range of models to suit various farming needs. From mini tractors to heavy-duty options, these brands provide innovative features and reliable warranties, ensuring optimal ROI for farmers making them accessible for different budgets. Whether you need a tractor for small-scale farming or large commercial operations, these trusted brands deliver durability, efficiency, and advanced technology to enhance your agricultural productivity.

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The latest mini tractor price list in India for 2024, with models ranging from Rs. 2.45 lakh to Rs. 9.22 lakh (on-road price). Mini tractors, introduced by Captain Tractors in 1998, are ideal for small-scale farming and various tasks like plowing, tilling, and planting. Key brands include Mahindra, Massey Ferguson, Sonalika, and VST, with popular models like Mahindra Jivo 245 Vineyard, Sonalika GT 20 RX, and Kubota NeoStar B2741 4WD. These tractors typically offer HP capacities between 11 HP and 36 HP, weighing under 1800 kg, and include features such as oil-immersed brakes and power lifts for implements.

Recent launches include Mahindra OJA Tractors with models like the Oja 2121 and Oja 3138, VST Series 9 with tractors such as VST 939 and VST 922, and Swaraj Target series with the Target 630. Mini tractors are versatile and used for hauling, construction, mining, and more. They provide excellent power, durability, and ease of operation, making them a great choice for small or medium farms. The best mini tractor for your needs and get reliable, up-to-date information on TractorGyan, including pricing, features, and dealer locations.

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Kubota tractors offer a range of power from 21 HP to 55 HP, with over 12 models available in this power range. In 2024, price for Kubota tractor in India starts at Rs. 4.60 lakh* and go up to Rs. 11.80 lakh*. Kubota tractor series in India, offering models for various farming needs. The Kubota A Series includes narrow, efficient tractors like the A211N and A211N-OP for inter-cultivation. The B Series features versatile models like the B2441 and B2741S, ideal for diverse farming tasks. The L Series, with models like the L3408 and L4508, excels in tough conditions and multipurpose operations. The MU Series offers powerful options, including the MU4501 and MU5502, known for fuel efficiency and performance.

Kubota tractors are renowned for their quality, advanced Japanese technology, and local manufacturing, providing reliable performance and support. Notable models are the Kubota MU4501 4WD, Kubota MU5501 2WD, Kubota L3408 4X4, Kubota A211N OP, and Kubota L4508 4X4. Kubota tractor is known for its advanced features, such as a partially synchronized gear transmission that provides multiple forward and reverse gears for precise speed control, which is crucial for tasks like plowing and towing. Additionally, the glide shift transmission allows for smooth, clutchless shifting between gears, enhancing overall efficiency and durability. These technologies make Kubota tractors both efficient and reliable for a variety of farming needs.

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In India, tractor price starts from Rs. 2.45 lakh* and can go up to Rs. 33.99 lakh*, with options to suit various needs. Tractors in India generally offer a horsepower range from 10 HP to 120 HP. They come in various types, including 2WD, 4WD, and mini tractors. Popular models include the Mahindra 575 DI XP Plus, Eicher 380 4WD Prima G3, Massey Ferguson 241 Dynatrack, New Holland 3630 TX Super Plus, and Sonalika DI 745 III RX Sikander. The most budget-friendly models, like the Swaraj Code, range from Rs. 2.45 lakh* to Rs. 2.55 lakh*.

On the higher end, the John Deere 6120 B is tractor price is between Rs. 32.40 lakh* and Rs. 33.99 lakh*. Leading manufacturers like Mahindra, Sonalika, John Deere, Eicher, New Holland, Swaraj, and Farmtrac offer a diverse range of tractors to meet different agricultural needs. For small-scale tasks, mini tractors under 20 HP such as the Swaraj Code and Mahindra Jivo 225 DI are ideal. Models under 30 HP, like the Mahindra 265 DI and Eicher 242, provide advanced features for versatile use. For more demanding farming tasks, tractors under 40 HP, such as the Massey Ferguson 1035 DI and New Holland 3023 NX, are suitable. Tractors under 50 HP, like the John Deere 5050 D and Mahindra Arjun 555 DI, offer greater lifting capacity and versatility. For heavy-duty work, models under 60 HP, such as the John Deere 5310 4WD and Swaraj 855 FE, are excellent.

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Powertrac, a sub-brand of Escorts Group (Escorts Agri Machinery), has a strong presence in India with over 600 dealers and more than 650 locations. The key series from Powertrac include Powertrac Euro Series stands out with its high performance and versatility, offering both 2WD and 4WD options priced between Rs. 6.80 lakh and Rs. 9.10 lakh*. The DS Series excels in mini tractors for paddy and puddling, with models priced from Rs. 5.10 lakh to Rs. 6.60 lakh*. The ALT Series introduces modern features for a variety of tasks, with tractors ranging from Rs. 5.6 lakh to Rs. 6.55 lakh*. The Next Series offers advanced technology and powerful engines from 52 to 60 HP, priced between Rs. 7.60 lakh and Rs. 9.20 lakh*.

The Powerhouse Series combines power with comfort, with tractors ranging from Rs. 6.20 lakh and up. Powertrac offers both 2WD and 4WD options, catering to diverse farming needs with exceptional performance and reliability. Powertrac's popular models such as the Powertrac 439 Plus Powerhouse, Powertrac 445 Plus, Powertrac Euro 50 Powerhouse, Powertrac Euro 47 Powerhouse, and Powertrac 434 Plus Powerhouse. In 2024, Powertrac tractor price starts at Rs. 5.35 lakh* and can go up to Rs. 10.70 lakh*. The most affordable model is the Powertrac Euro 30, priced between Rs. 5.35 lakh and Rs. 5.60 lakh*, while the most expensive model, the Powertrac Euro 60 Next 4WD, is priced between Rs. 10.40 lakh* and Rs. 10.70 lakh*.

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Massey Ferguson offers tractors ranging from 20 HP to 75 HP, recognized for their innovative design and reliable performance. In 2024, Massey tractor price in India ranges from Rs. 3.45 lakh* to Rs. 16.50 lakh*. The Massey Ferguson DynaSmart Series offers 50 HP tractors with fuel-efficient engines and power steering. For versatile 2WD and 4WD options, the Dynatrack Series delivers 42-50 HP models suitable for various farm tasks. The Magnatrak Series, including the MF 8055, is ideal for sugarcane cultivation.

The MaxPro Series features compact tractors with 26 HP and 28 HP options, while the Smart Series provides advanced models with 46 HP and 50 HP. The Planetary Plus Series includes 40-50 HP tractors, and the DI Tonner Series offers 40-42 HP models. The MahaShakti Series ranges from 33 HP to 47 HP. Choose from 2WD tractors for dry land farming or 4WD tractors for enhanced stability in wet conditions. Massey Ferguson’s diverse offerings cater to every farming need with reliability and performance. The most affordable model is the popular Massey Ferguson 5118 mini tractor, priced between Rs. 3.45 lakh to Rs . 3.70 lakh*, while the top-end model, the Massey Ferguson 2635 4WD, is priced between Rs. 15.05 lakh* to Rs. 16.50 lakh*. The variation in pricing depends on the specific model and its features. To get the latest prices in 2024, it’s recommended to first choose the Massey tractor model that suits your needs and then check its updated price on TractorGyan.

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New Holland tractors are most renowned for their innovative features and capabilities. Farmers can purchase New Holland tractors in India through its wide dealer network. The brand offers over 20 models at the most competitive New Holland tractor rates. Farmers are likely to locate their ideal tractor with little difficulty. New Holland Tractor price in India starts from Rs. 5.35 Lakh*(Ex-Showroom Price).

The most inexpensive New Holland tractor model is the New Holland 3032 NX, which starts at Rs. 5.35 lakh*, while the most costly New Holland tractor model is the New Holland 5630 TX Plus Trem IV, which starts at Rs 15.20 lakh*.

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John Deere tractor horsepower ranges from 28 to 120 hp, and there are over 40 tractor models available in this range. John Deere began operations in 1837, with the first tractor manufactured in 1923. John Deere manufactures tiny tractors, heavy-duty tractors, and two- and four-wheel-drive tractors. John Deere tractor price in India ranges between Rs. 4.55 to Rs. 33.99 lakh*.

John Deere tractors in India are also compatible with a wide range of tractor equipment, including harvesters, rotavators, rice transplanters, and mulchers. Using all of these implements in conjunction with a John Deere tractor simplifies farming.