Provide hassle free and timely finance for purchase of construction equipments including Backhoe loaders, Excavators, wheel loaders, Compactors, Cranes , Skid Steers , Telehandlers etc.

Individuals/Firms/Companies engaged in construction activities.

75% of the Invoice Value subject to maximum of  100.00 lakhs per borrower for financing of more than one number of construction equipment.

Minimum 25 % of Invoice Value.

3 months from the date of first disbursement.

Term loan shall be paid in 60 Equated Monthly Installments (EMIs) after moratorium period of 3 months from the date of disbursement.

  1. Primary
    Hypothecation of construction equipment to be purchased
  2. Collateral
    a.
     Upto  25.00 lakhs
    To be covered under guarantee cover of CGTMSE in accordance with the procedure prescribed or against 3rd party guarantee of 2 persons of sound means based on the option exercised by the borrower.
    b. Above  25.00 lakhs
    Mortgage of immovable property of value equal to or at least 50% of the loan amount.

Prepayment may be allowed without any prepayment charges.

0.50% of the loan amount subject to a maximum of  25000/-

The equipment financed shall be insured with comprehensive insurance cover and usual bank clause at the costs and expenses of the borrower. The insurance policy shall be renewed at yearly intervals till final adjustment of the loan.