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Construction Equipment Loan

It’s time to drive your business forward with IDFC FIRST Bank’s Construction Equipment Loan.

Financing for a whole range of construction equipment such as, Backhoe Loaders, Excavators, Mini Excavators, Tipper/ Dumpers, Transit Mixers, Self-Loading Concrete Mixers, Cranes, Forklifts, Wheel Loaders, Compactors, Road Rollers, Compressors, and others.

This loan is curated to help individuals/Corporates engaged in construction equipment handling get funding on a wide variety of equipment’s, ranging from earthmoving, mining, road construction, material handling, concrete and material processing equipment, and more. Read More

At IDFC FIRST Bank, we provide construction equipment loan to a broad spectrum of customers, which include small and medium industries, as well as contractors engaged in various civic and municipal bodies of Government and private agencies, viz., irrigation, public works department, national and state highways, etc.Read Less

ELIGIBILITY

Who can apply?

  • Indian Citizens
  • Proprietorships
  • Partnership firms
  • Pvt. Ltd. Companies & Public Ltd. Companies
  • HUF, Trust, Society and OPC

Documentation

  • Photo Identity and Address Proof: As per RBI defined KYC guidelines.
  • Income Proof: 6 months’ bank statement, ITR/audited financials for the last 2 years (if available)
  • Fleet List: List of vehicles owned & supporting documents for the same (if available)

Construction Equipment Loan Eligiblity

FEES & CHARGES

Know about our minimal and transparent fees & charges

View Fees & Charges

fees and charges

FREQUENTLY ASKED QUESTIONS

What is a construction equipment loan?

Construction equipment loans are taken by construction companies and businesses to purchase equipment that are necessary for construction.

Is construction equipment loan secured or unsecured?

Construction equipment loans are secured.

What type of loan is an equipment loan?

An equipment loan offers a business owner the necessary capital to get the equipment and machinery required for the business process. These loans are used for road contracts, supply of construction materials, equipment used at construction sites, etc. 

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