Autotrac Finance Limited
A specialized non-banking finance company providing rural and agri-business financial solutions.
About Autotrac Finance Limited
Autotrac Finance Limited is a non-banking finance company located in Gurugram, Haryana. Registered with the Reserve Bank of India, the company operates as a wholly owned subsidiary of International Tractors Limited, offering dedicated corporate and retail funding solutions with a strong focus on the rural and agricultural sectors.
Services and products
- Corporate Funding - Dealer Funding
- Corporate Funding - Vendor Funding
- Retail Funding - Sonalika Tractors
- Retail Funding - Solis Tractors
- Retail Tractor Loan
Business details
Frequently asked questions
Do I have to mortgage land for availing of a Tractor Loan from Autotrac Finance Limited?
No, the tractor loan from Autotrac Finance Limited will be made available without the mortgaging of land.
What is the loan approval speed at Autotrac Finance Limited?
Autotrac Finance Limited offers loan approval within 2 working days, with sanctions possible in 24 hours for loans up to 1 crore rupees upon submitting identity and address proofs.
Can I pre-pay or foreclose my loan with Autotrac Finance Limited?
Yes, you can foreclose the loan any time after 6 months of taking the loan with a 5% prepayment fee on the outstanding loan amount.
What is the down payment structure for a tractor loan at Autotrac Finance Limited?
Autotrac Finance Limited offers a zero down payment scheme financing 100% LTV plus insurance.
What are the minimum and maximum loan tenure options available at Autotrac Finance Limited?
The tractor loan tenure options range from a minimum period of 1 year to a maximum period of 5 years.
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