Escorts inks pact with L&T Finance for retail tractor loans

Escorts Ltd has announced the signing of a preferred financier agreement with L&T Finance to provide loans to tractor customers across the country. L&T Finance offers a spectrum of financial products and services for trade, industry and agriculture.

Some key benefits of the L&T Finance tractor loan product include attractive interest rates, high loan to value of tractors, customised repayment options linked to the farmer’s income cycles, simple documentation process, personalized services and pan India network. Additionally, the offering includes a choice of instant insurance coverage and cashless claims facility.

G  C Rangan, COO, L&T Finance, said: “It is our continuous endeavour to make availability of financial solutions more convenient and customer friendly and with this partnership, we believe that we will definitely be able to aide people in buying their choice of tractor.

Sameer Tandon, CSMO, Escorts Ltd, said “At Escorts, we realize the value of an easy and competitive financing solution for Indian farmers. This partnership is a step in the right direction to ease the financing process for our customers.”