Construction equipment financing refers to a loan used to purchase business-related equipment, such as a restaurant oven, vehicle or any other machine. When you take out an equipment loan, you'll need to make periodic payments that include interest and principal over a fixed term. A construction equipment loan is given to individuals or companies engaged in the business of real estate development or construction. The primary purpose of this loan is to help the borrower acquire costly equipment and heavy machinery required for the construction of buildings and other real estate projects.
Finance for purchase of new and used construction equipments and vehicles.
Funding up to 100% of the ex-showroom price, tenure up to 5 years.
Loan for all the customer profiles, including first time buyers and first time users.
Refinance option available.
Hassle free documentation, fast processing and quick sanctions.
Up to 100% Financing
Flexible Repayment Options
Instant Approval
Structured Loans | 1 | KYC documents of The Firm/Company and Promoters. |
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| 2 | Latest 6 months bank statement. |
| 3 | Photo Identity Proof: Documents such as a passport, Aadhar card, voter ID, driving licence, or PAN card are commonly accepted as photo identity proof. |
| 4 | Past equipment ownership proof with free & finance details. |
| 5 | Latest Loan Position. |
| 1 | Any individual / partnership firm / company with more than One year of Business Stability. |
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| 2 | First time owners can be funded at the discretion of the Bank. |
| 3 | Captive customers, Contractors and Plant Hirers. |
| 4 | Loans are given for profitable projects which ensures good returns to lenders also. |
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