Autotrac Finance Limited (AFL) is a Non Banking Finance Company registered Under Companies Act and with Reserve Bank of India (RBI) as Non Deposit Taking NBFC. AFL is wholly owned subsidiary of International Tractors Limited (ITL) incorporated in July 2001.
We understand that cash flow is the life of a business. By supporting a healthy cash flow, we promote and support our business partners to grow along with us. We provide Inventory funding facility to our dealers. We are helping our Dealers by providing cash at the right time to grow their business.
Autotrac Finance Ltd. is the 100% subsidiary of International Tractors Limited (ITL) and will finance the vehicles produced by ITL (Sonalika group). This is as part of diversification plans, the Rs. 5000 crore tractor and farm equipment major Sonalika Group has ventured into the auto finance sector. The newly launched financial arm of the company is hopeful of doing business worth Rs. 250 crore by the end of the fiscal year 2019-2020. The new company would facilitate the potential customers of Sonalika by disbursing hassle free loans within one day. The AFL is be a very customer friendly company, it provides tractor loan on competitive rate of interest and with least formalities.