**Â ANNOUNCING NEW HOURSÂ **
Call Center: 9 a.m. - 5 p.m.
Drive-Thru Video Teller ITMs: 9:00 a.m. - 5:30 p.m.
ITMs work as ATMs 24/7. Make withdrawals, deposits, and more.
Reliable equipment is non-negotiable whether you're farming or taking care of your property. Get the tractor or other specialized equipment you need with an OUCU Financial tractor loan.
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.
Get Moving With Tractor Loans in Ohio
Buying a tractor or other farm equipment comes with more than just a price tag. It’s a serious investment with major implications for the long-term success of your business.
At OUCU Financial, we dig deep to help you power through the tough times and thrive in the good with equipment loans that match your needs. Our tractor loans include:
Low APR* loans
No origination fees
Zero closing fees
No prepayment penalties
Skip A Pay options
Talk to us today about your tractor and equipment borrowing needs. Whether for personal or business use, our team will help you get the right equipment for the job.
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.
Tractor Loan Rates
Rate
Term
Closing Fees
Prepayment Penalty
Skip-a-Pay Option
Tractor 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
Apply online, by phone, or drop by a local branch. Let us know what you can afford and we’ll help you from there.
Step
2
Loan Approval
We’ll review your loan application, crunch the numbers, and reach out to you with a loan decision.
Step
3
Close on the Loan
Have your dealer send us a purchase agreement. We'll also help you close with a private seller.
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.
