Escorts signs deal with L&T Finance for retail tractor loans

Jul 25 2014, 16:20 IST
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Additionally, the offering includes a choice of instant insurance coverage and cashless claims facility. Additionally, the offering includes a choice of instant insurance coverage and cashless claims facility.
SummaryPartnership offers attractive interest rates, pan-India network, simple documentation process...

Escorts Limited today announced the signing of a Preferred Financier agreement with L&T Finance to provide loans to tractor customers across the country.

This partnership will be beneficial to tractor customers across India where LTF has a network by making finance easily accessible. Some 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.

“Through this partnership with Escorts, we make loans even more accessible to the farming community and aide people in buying their choice of tractor," said G. C. Rangan, COO, L&T Finance.

“At Escorts, we realise value of an easy and competitive financing solution for the Indian farmers," said Sameer Tandon, CSMO, Escorts Limited.

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