Documents Required for Tractor Loan

 

Getting a Tractor Loan from ICICI Bank is quick and hassle-free. Whether you want to buy a new tractor or a used one, we keep the documentation simple and minimal. You just need to provide proof of identity, address and agricultural ownership.

 

APPLY FOR TRACTOR LOAN

List of Documents Required for Tractor Loan Based on Profile

Individuals (Applicants & Co-Applicants)

  • Proof of Identity & Proof of Address

    Aadhaar Card / Valid Passport / Driving Licence / Voter ID / PAN Card / Ration Card / NREGA Card / Letter from NPR with name and address

  • Age Proof

    Valid Passport / Driving Licence / Voter ID / NREGA Card / NPR Letter

  • Photographs

    Two recent passport-size photographs

  • Proof of Land Holding

    Document showing agricultural land ownership with an irrigation source

  • Bank Statement & Cheque

    Last 1 month’s bank statement and a cancelled cheque. If the applicant does not have an existing bank account, they can open a new ICICI Bank account with zero balance.

Non-Individuals (Entity Applicants)

  • Identity Proof

    Registration Certificate (Udyam Registration Certificate (URC) for Micro, Small and Medium Enterprises (MSME) tagging), GST or VAT or Service Tax Certificate, Import Export Code (IEC), Certificate under Shops and Establishments Act or other valid registration documents

  • Address Proof

    GST Certificate, Business Registration, Udyam Registration, Rent Agreement with recent utility bill, ITR with address details

  • Financial Proofs

    Audited financial statements, ITRs of firm or promoters, Legal Entity Identifier (LEI) Certificate if banking exposure is ≥ ₹5 crore.

Additional Tractor Loan Documents Required Based on Entity Type

  • Partnership firm

    Partnership Deed

  • LLP (Limited Liability Partnership)

    LLP Agreement, Certificate of Incorporation, list of partners with profit-sharing ratio (certified by a CA or CS)

  • Public or Private Limited Company

    Certificate of Incorporation, MOA and AOA, latest list of directors and shareholders (certified by a CA / CS)

  • Trust

    Trust deed with registration certificate, list of trustees, beneficiaries and settlors with Date of Birth (DOB)

  • Society

    By-laws, Registration Certificate and list of members with details

  • HUF

    List of adult coparceners attested by the Karta.

Details of Beneficial Owners for Tractor Loan

  • Company or Partnership or LLP

    Any individual with >10% ownership

  • Unincorporated association or body of persons

    Any individual with >15% capital or profit share

  • Trusts

    Author, trustee or beneficiary with ≥10% beneficial interest

List of Documents Required by Employment Type

  • Salaried Individuals (for salaried applicants or co-applicants)

    • Latest Form 16
    • Latest one-month salary slip
    • Bank statements of the last 6 months.

  • Self-Employed Individuals or Farmers:

    • Bank statements of the last 6 months
    • Last 2 years’ ITRs (certified / audited by a CA), computation of income, P and L account, balance sheet
    • GST returns of the last year.

Tractor Loan Fees and Service Charges

ICICI Bank offers attractive Tractor Loan interest rates with higher eligibility and flexible tenure. To know more about fees and service charges of Tractor Loans, please click here .

 

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Customer Care

For queries, give a missed call on 8268001808 or call 1800 1080 to connect with our Customer Care representative.

 

 

 

Disclaimer

This is an indicative list of documents for Tractor Loans. Additional documents might be required on a case-by-case basis.

FAQs about Documents Required for Tractor Loan

Do I need land ownership proof for a Tractor Loan?

Yes, proof of landholding with an irrigation source is mandatory for applicants.

Can I get a Tractor Loan without income proof?

Yes, in certain cases, loans may be approved with land and repayment proof, but ITRs are generally preferred.

Are co-applicants required to submit their documents?

Yes, co-applicants must also provide Proof of Identity, Proof of Address and other basic KYC documents.

What is the processing fee?

2% of the loan amount plus documentation charges and applicable GST.

How soon is the loan processed after document submission?

Most loans are processed within 1-2 working days.

Disclaimer

PROCEED