Tractor Finance For Business

Your guide to getting the right tractor finance.

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Find the best Tractor Finance for you with Emu MoneyFind the best Tractor Finance for you with Emu Money

A quick guide to tractor finance

Tractor finance offers farmers and agricultural businesses a practical solution to acquire tractors without a substantial upfront investment. It enables them to access the necessary machinery for their farming operations, such as ploughing, planting, and harvesting. Tractor finance provides flexibility and affordable repayment options specifically designed for the agricultural sector. By leveraging tractor finance, farmers can enhance their productivity, improve efficiency, and stay competitive in the industry. This financing option allows farmers to acquire the latest tractor models without depleting their capital resources. Tractor finance empowers farmers to invest in reliable equipment that contributes to the success and growth of their farming endeavours.

Here's what tractor finance typically looks like:

eligibility orange tickBorrow from $5,000 - $5,000,000
eligibility orange tickLoan terms from 1 - 7 years
eligibility orange tickWeekly, fortnightly or monthly repayments
eligibility orange tickFixed interest rates from 7.44%
eligibility orange tickInterest rate tailored to your situation

What can I use tractor finance for?

Farmers can leverage tractor finance to enhance their agricultural operations. With access to affordable funding, they can purchase or upgrade tractors to improve productivity, efficiency, and overall farm management. Tractor finance enables farmers to acquire the necessary machinery for tasks such as ploughing, planting, harvesting, and land maintenance. By investing in modern and reliable tractors, farmers can optimise their farming practices and drive sustainable growth in their operations.

Here are some common reasons people take out tractor finance:

Purchase of New Tractor

Tractor finance is commonly used to acquire a new tractor for agricultural or farming purposes.

Upgrade or Replacement

Farmers may use tractor finance to upgrade their existing tractor or replace an old or inefficient one.

Expansion of Farming Operations

Tractor finance can support the expansion of farming operations by enabling the purchase of additional tractors.

Specialised Tractor Equipment

Farmers may need specialised tractor attachments or implements for specific tasks, and tractor finance can help fund their acquisition.

Seasonal Farming Needs

Tractor finance can be used to cover the costs of tractors required for seasonal farming activities, such as planting or harvesting.

Land Clearing and Preparation

Tractor finance can assist in funding the clearing and preparation of land for agricultural purposes.

Irrigation System Installation

Farmers looking to install or upgrade their irrigation systems may utilise tractor finance to cover the associated costs.

Livestock Management

Tractor finance can be used to acquire tractors equipped with attachments or trailers for livestock handling and transportation.

Maintaining a Fleet of Tractors

For larger farming operations, tractor finance can be utilised to maintain and expand their fleet of tractors.

Farm Infrastructure Development

Tractor finance can support the development of farm infrastructure, such as building access roads or creating storage facilities.

Ready to run the numbers?

Calculate your repayment estimates and more.

How much can I borrow for tractor finance?

When it comes to tractor finance in Australia, the borrowing amount can vary depending on several factors. Tractor finance enables businesses in the agricultural sector to acquire the necessary equipment for their operations. The specific amount that can be borrowed for tractor finance depends on the cost of the tractor, its specifications, and the lender's policies. In general, tractor finance can cover a wide range of borrowing amounts. Small tractors designed for residential, or hobby farming purposes may have lower borrowing limits, typically ranging from a few thousand dollars up to tens of thousands. On the other hand, larger and more specialised tractors used in commercial farming operations can have higher borrowing limits, extending into the hundreds of thousands of dollars.

The borrowing amount for tractor finance is determined based on factors such as the tractor's value, its expected lifespan, and the borrower's creditworthiness. Lenders will also consider the borrower's ability to make repayments based on their financial position. It's important to note that tractor finance is typically secured against the tractor itself, meaning the tractor serves as collateral for the loan. This allows lenders to offer more favourable terms and potentially higher borrowing limits compared to unsecured loans.

Tractor Finance Repayment Calculator

To estimate your monthly repayments and the total cost of the loan, input the loan amount, loan term and interest rate into the calculator below. This helps you plan your budget and choose the most suitable loan terms.

Loan Amount
Establishment Fee
Loan Term (Years)
Interest Rate
Total amount to repay
Your repayments

Balance over time

Am I eligible for tractor finance?

Lenders consider several factors when assessing your eligibility, including your credit score, income, debt-to-income ratio, age, residency, and required documentation. While meeting the eligibility criteria doesn't guarantee loan approval, having a good credit score, stable income, and a positive financial profile significantly improve your chances.

You are eligible to apply for tractor finance if you are:

eligibility orange tickOver the age of 18; and
eligibility orange tickAn Australian citizen or permanent resident; and
eligibility orange tickHave a regular source of income, that is enough to meet the repayments

How to apply for tractor finance?

Applying for tractor finance is easy and only takes a few minutes. Get started by filling out some basic information into our application form. We’ll review your information, and someone will be in contact with you to discuss the best option for you from over 40+ Australian lenders.

If you’re eligible for tractor finance, and you are happy with the initial quote, you will need to prepare documents such as:

eligibility orange tickPassport or drivers licence
eligibility orange tickProof of income and expenses (e.g. payslips, bank statements)
eligibility orange tickDetails of any current debts or other loans

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How to get the best tractor finance for you?

When searching for tractor finance, it's essential to understand the different factors to find the best fit for your needs. From interest rates and fees to loan terms and early payout options, each factor can increase or descrease the total amount you will repay.

Interest Rate

When it comes to obtaining an tractor finance loan, one of the most important factors to consider is the interest rate. The interest rate directly impacts the overall cost of borrowing and your monthly repayment amount. It is crucial to compare rates from different lenders to ensure you secure a competitive rate that aligns with your financial goals and helps you save on interest expenses over the loan term. Keep in mind that your creditworthiness, the type of equipment being financed, and the lender's assessment of risk will all influence the interest rate you are offered.


In addition to the interest rate, it is essential to carefully evaluate the fees associated with tractor finance loans. These fees can include application fees, origination fees, documentation fees, and ongoing administrative fees. By understanding the fee structure of different lenders, you can choose a loan with transparent and reasonable fees. It's important to note that while some lenders may have lower interest rates, they may offset it with higher fees. Therefore, a thorough assessment of both interest rates and fees is necessary to ensure you minimise costs and maximise the value of your tractor finance loan.

Comparison Rate

When comparing tractor finance loan options, it is not sufficient to consider the interest rate alone. To gain a comprehensive understanding of the true cost of the loan, it's essential to examine the comparison rate. The comparison rate takes into account both the interest rate and any additional fees associated with the loan. This rate allows you to make a more informed decision by considering the total cost of borrowing. By comparing comparison rates from different lenders, you can better assess the overall affordability of each loan option.

Loan Term

The loan term or repayment period is an important aspect to consider when obtaining tractor finance. The loan term typically determines the duration of your repayments and can range from a few months to several years. A shorter loan term usually means higher monthly repayments but lower overall interest costs, as you'll be repaying the loan in a shorter timeframe. On the other hand, a longer loan term may result in lower monthly repayments but could mean higher interest expenses over the life of the loan. It is essential to evaluate your business's cash flow and equipment usage to determine the loan term that best suits your financial situation.

Balloon Payment

In some cases, tractor finance loans may include the option for balloon payments. A balloon payment is a larger lump-sum payment due at the end of the loan term. While balloon payments can help reduce monthly repayment amounts, they require careful consideration. It's important to assess whether your cash flow and financial resources will allow for the balloon payment when it becomes due. Balloon payments can be a suitable option if you anticipate having significant funds available or if you plan to refinance the balloon payment at the end of the loan term. However, it is crucial to fully understand the implications of balloon payments and their impact on your overall financial strategy before committing to this structure.

Early Payout

Flexibility in loan repayment is a valuable feature to consider when seeking tractor finance. Early payout options allow you to repay the loan before the agreed-upon term without incurring any penalties or additional charges. This flexibility can be advantageous if your business experiences a financial windfall, allowing you to reduce interest expenses and become debt-free sooner. Before finalising an equipment finance loan, it's essential to review the terms and conditions to ensure that early repayment is possible and to understand any potential limitations or conditions that may apply.

Find the best Tractor Finance for you with Emu MoneyFind the best Tractor Finance for you with Emu Money

Frequently Asked Questions

Still have questions about tractor finance?

These helpful FAQs will help you find the answers you need. If you can't find what you're looking for, you can request a callback below.

What is the interest rate on tractor finance
Can I finance used equipment?
What is the typical term for tractor finance?
Do I need to provide a down payment?
Can I get tractor finance with bad credit?
Are there any tax benefits to tractor finance?
Can I pay off my equipment loan early?
Can I lease equipment instead of buying?
What is the difference between a lease and a loan?
What happens if the equipment breaks down?
Can I refinance tractor finance?
Is equipment insurance required?
Do I need a good business credit score for equipment financing?
Can I include installation, maintenance, and other costs in my loan?