John Deere range and what it means for your loan
John Deere Financial India is the brand's own lender and finances up to 90% of tractor cost with flexible repayment. Its higher-HP models cost more, so check the funding cap on your chosen model.
| Popular model | Type |
|---|---|
| 5050 D | Tractor 41-50 HP (50 HP) |
| 5045 D | Tractor 41-50 HP (45 HP) |
| 5310 | Tractor 51-60 HP (55 HP) |
| 3028 EN | Mini tractor (28 HP) |
| 5130 M | Tractor 100+ HP (130 HP) |
7.63% retail share in FY26 (80,086 units). Source: tractorjunction.com.
EMI on a John Deere tractor
Worked examples at an example rate of 12% a year over 5 years, with 20% paid upfront. Prices are ex-showroom; the on-road price adds registration, insurance and road tax, so your actual loan may be a little higher.
| Ex-showroom price | Down payment (20%) | Loan | Monthly EMI | Total interest |
|---|---|---|---|---|
| ₹6.13 lakh (entry) | ₹1.23 lakh | ₹4.9 lakh | ₹10,909 | ₹1,64,121 |
| ₹21.01 lakh (mid) | ₹4.2 lakh | ₹16.81 lakh | ₹37,388 | ₹5,62,508 |
| ₹72 lakh (top) | ₹14.4 lakh | ₹57.6 lakh | ₹1,28,128 | ₹19,27,681 |
Change the price, rate and tenure in the Tractor Loan EMI calculator.
Who finances John Deere tractors
John Deere Financial India Pvt Ltd. Captive financier for John Deere tractors, implements and used equipment.
Up to 90% financing of tractor cost (deere.co.in)
Tenure up to 5 years with monthly/quarterly/half-yearly repayment (deere.co.in)
Dealer finance or your own bank? Dealer or brand finance is convenient and sometimes comes with offers, but the rate is not always the lowest. A bank where you already have an account may offer a pre-approved loan. Ask both for the Key Fact Statement and compare the APR and total repayable amount, not just the EMI.
Lenders for a John Deere tractor
Any of these lenders can finance a John Deere, whether or not it is the brand's partner. Rates as published on each lender's website.
| Lender | Published rate | Max tenure |
|---|---|---|
| Mahindra Finance | 8% - 25% p.a. | 5 years |
| ICICI Bank | 12.00% - 21.00% | 12 - 72 months |
| IDFC FIRST Bank | 12% - 16% | 72 months |
| Bank of Baroda | 12.25% - 14.50% | 72 months |
| SBI | 1-year MCLR + 3.60% to + 4.35% | Up to 5 years |
| Kotak Mahindra Bank | MCLR/Reference Rate to 30% | — |
| Punjab National Bank | — | New tractor: 7-9 years; no-mortgage… |
| Canara Bank | — | 5-9 years |
| TVS Credit | New 11% - 25% p.a.; used 14% - 34% p.a. | 12-72 months |
| Chola | New 12% - 28%; used 17% - 28% p.a. | — |
Tips before you finance a John Deere
- Tractor loans are usually repaid half-yearly or yearly to match harvests; ask for a schedule that fits your crop cycle.
- Banks often lend under agricultural schemes at lower rates than NBFCs, but may need land records.
- Add implements to the loan only if you will use them enough; hiring may be cheaper.
- Keep insurance on the tractor active, as lenders usually require it.
John Deere Tractor Loan in your city
Pick your city to see the John Deere EMI with local on-road costs in mind, the documents lenders ask for there and nearby cities in the same state.
Other brands and guides
Sources
Prices and line-up checked on 4 October 2026 from: tractorjunction.com, deere.co.in. Prices change often; confirm the on-road price with your dealer.
Frequently asked questions
What is the EMI on the cheapest John Deere?
At about ₹6,13,000 ex-showroom, with 20% down and 12% over 5 years, the EMI is about ₹10,909. Your rate and on-road price will change this.
Does John Deere have its own finance company?
Finance is offered through John Deere Financial India Pvt Ltd. You can also take a loan from any bank or NBFC.
How much down payment do I need for a John Deere?
Many lenders fund 80% to 100% of the on-road price, but a 15% to 20% down payment lowers the EMI and total interest. Check the funding limit with your lender.
Is dealer finance cheaper than a bank loan for a John Deere?
Not always. Dealer schemes can be convenient and sometimes discounted, but compare the APR and total repayable amount in the Key Fact Statement with a bank's offer.
Which lender is best for a John Deere?
There is no single best lender; it depends on your credit score, income and the model. Public sector banks often publish the lowest starting rates, while NBFCs may approve profiles banks decline.
KhatuLoans is not a lender and is not paid by the lenders or brands named here to rank them. Rates, fees and prices change; always confirm with the lender and dealer. Read our editorial policy and how we make money.