Processing Time

7 working days

Interest Rate

17% onwards

Processing Fees

1.25% + ST

Pre-Payment Fees



1 - 5 years

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Construction Equipment Finance


  • No guarantor required
  • Door-step service
  • e-Approval
  • No income proof schemes
  • Age at least 21 and less than 65 years
  • Applicant must be a citizen of India
  • KYC Documents: Photographs, Identity proof, Address proof, Age proof, Bank statements
  • Income proof: Latest salary slip / Form 16, Income tax returns of 2 previous financial years along with complete financial/audit report
  • Other documentation: Business stability proof / Ownership proof; Employment stability proof; Partnership deed and Letter signed by all partners authorizing one partner
  • Companies and Societies: Resolution by board of directors (or such managing body) and Memorandum and Articles of Association
  • Processing Fees : 1.25% of loan amount + ST.
  • Preclosure fee: Within a year, 5% of the principal outstanding amount; after a year, 3% of the principal outstanding amount
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