Home > Borrow > Vehicle Loans > Tractor Loans | OUCU Financial

Smart, Flexible Financing

At OUCU Financial, we go the distance to make sure you have the tractor and equipment you need for your property or farm.

Competitive Rates
Invest with confidence with some of the best rates in the business.

No Closing Fees
We make borrowing more affordable with no loan origination or closing fees.

No Prepayment Penalties
Have extra cash to spend on your payments? We won’t ding you for wanting to get ahead.

Friendly Service
Need more than a bank? We build long-term partnerships to help you succeed.

Additional Features

Skip A Pay Options
Unexpected costs can derail even the best-laid plans.
Skip-A-Pay provides a safe way to skip up to two monthly payments a year.

No Origination Fees
Why pay just to have your loan processed? We don’t charge origination fees so you can get into the field for less.

Easy Application Process
Apply online, by phone, or drop by your local branch. Our application is short and hassle-free because we know your time is valuable.

Loan Pre-Approval
Find out how much you qualify to borrow before you go to the dealership so you can get the equipment you need.

Credit Life & Credit Disability
Adding optional insurance to your loan makes sure your payments will be made if you can't due to an accident, injury, or death.

Quick Loan Decisions
Sometimes you can’t wait on new equipment. We process applications quickly so we don’t hold you up on a loan decision.

Ohio Farm Equipment & Tractor Loan Rates

	Rate	Term	Closing Fees	Prepayment Penalty	Skip-a-Pay Option
Tractor & Farm Equipment Loans	As low as 7.85% APR*	Up to 120 Months	None	None	Yes

*APR = Annual Percentage Rate. On a $10,000 for 48 mo at 7.85% APR monthly payment would be $243.43. Subject to credit approval. Your rate may vary. Late fee: If you make a payment 10 days or more after the due date, you may be charged 5% of the monthly payment amount.

How to Apply for a Tractor & Farm Equipment Loan

Step

1

Apply for a Loan

Conveniently apply online by clicking the button below, by phone, or in person at a branch.

Step

2

Application Review

We’ll review your application, crunch the numbers, and give you a fast loan decision.

Step

3

Finalize the Loan

Have the dealer send us a purchase agreement and we'll help you with the closing. Sign on the go from anywhere or in the branch!

Get Started

Tools & Services

OUCU Financial Tractor Loan FAQs

What kinds of equipment can I buy with a tractor loan?

Despite the name, tractor loans actually refer to any loan taken out to buy farming equipment. That means you can use our loans to buy everything from implements and processing equipment to, well, tractors.

Do tractor loans have fixed or variable interest rates?

Our tractor loans always have fixed interest rates. Unlike a credit card or line of credit, your interest rate will stay the same for the life of the loan, so you will always know what your monthly payment will be and when your loan will be paid off.

How do tractor loans compare to personal loans or lines of credit for financing farm equipment?

Unlike personal loans and lines of credit, which are unsecured, tractor loans use the purchased equipment as collateral to guarantee the loan. That allows us to offer lower rates and more flexible financing.

What documents do I need to finalize my loan?

For private sales, you'll need a signed purchase agreement from the seller. For dealership purchases, have the dealer send us a copy of the agreement.

How do I calculate my loan payments?

You can use our online loan calculator to estimate your monthly payments based on loan terms and amount.

Do I need to be a member of OUCU Financial to apply for a loan?

Yes, membership is required to access our loan services. OUCU Financial Membership is easy to meet. You must:

Live, work, worship, or go to school in our eight-county area: Athens, Hocking, Fairfield, Perry, Morgan, Washington, Vinton, and Meigs County in Ohio
Be an Ohio University or Hocking College active or retired employee, student, or graduate
Have a family member who is eligible for membership

Anyone who works for a partner company or anyone who belongs to one of the following associations may also become a member: Ohio University Friends of the Libraries, Athens Friends of the Library, Athens County Area Beekeepers Association, Athens Amvets Post 76, Albany Amvets Post 93, Athens Country Club, Athens Elks, Athens Masonic Bodies, Career Connections Alumni Association.