Tractor Loan EMI Calculator

The Tractor Loan Calculator is a simple tool to estimate your EMI based on the loan amount, tenure and interest rate. It helps you budget for your tractor purchase and plan your repayment.

• Quick EMI estimates for tractors, harvesters and other equipment

• Helps compare repayment options across tenures

• Provides total payable amount and interest amount, upfront

• Assists in financial planning before loan application.

The calculator is customised for ICICI Bank’s Tractor Loans. It covers multiple loan types, including New Tractor Loan, Used Tractor Loan, Harvester Loan and Tractor Refinance.

• The EMI is calculated using the formula:
  EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
  where
• P = principal (loan amount)
• R = monthly interest rate
• N = tenure in months.

• Enter the loan amount

   

• Select the interest rate

   

• Choose the loan tenure

   

• Get instant results for EMI, interest amount and repayment amount.