Equipment Financing - Interest Rates, Eligibility, Documents

for purchase of Construction/Earth Mining Equipment of all brands. For any business to succeed, the availability of funds throughout its life cycle is of paramount importance. We offer a wide range of services for funding of commercial vehicles and construction equipment. The limits are fixed keeping in view the customer’s need for funds against the value of the security, margin available and credit worthiness of the borrower. At first, the customer requirements are properly understood and documented. After this the customer requirements are matched with company capability and services are offered as per the requirements of the customer within the overall policy framework/procedural guidelines. Creditworthiness of the customer is properly assessed and approval is obtained from the appropriate authority

Equipment Financing Interest Rates:

(Last Updated on : 2nd. Jan. 2021 )

Bank's Name

Interest Rates

Apply For

HDFC Bank.

9.25% P.A. Onwards.

Loan Apply

Kotak Bank

9.25% P.A. Onwards.

Loan Apply

ICICI Bank.

8.80% P.A. Onwards.

Loan Apply

Axis Bank

9.00% P.A. Onwards.

Loan Apply

RBL Bank

9.25% P.A. Onwards.

Loan Apply

Bandhan Bank

9.25% P.A. Onwards.

Loan Apply

SCB Bank

9.00% P.A. Onwards.

Loan Apply

City Bank

9.00% P.A. Onwards.

Loan Apply


Equipment Financing Features & Benefits:

  • Lowest Interest Rates.
  • Easy Documentations.
  • Fast Processing.
  • Transparent Dealings
  • Door step service.
  • Overdraft is extended for the purpose:

  • Purchase of new machinery or equipments.
  • Purchase of old machinery or equipments.
  • Expansion of Machiery Plants.
  • Extension or modification of machinery plants
  • Balance takeover from Banks/NBFCs.
  • Equipment Loan is at the sole discretion of Banks/NBFC
  • List of Documents for Equipment Loans:

    Documents for company as an Applicant/Co-Applicant:

  • Business or Company profile.
  • PAN card copy with GSTN copy.
  • Three years complete financials.
  • All loan repayment schedule with sanction letter.
  • Twelve months all major bank account statements.
  • MOA & AOA of company or partnership deed copy.
  • List of directors & shares holders with ca attestation.
  • Property papers copy with complete chain and map copy.
  • Netwoth Statement of Company.
  • Director/Partner/Proprietor Documents:

  • Photographs-2
  • PAN card copy with Aadhar Card photocopy.
  • Three years financials/form16/latest 3 months pay slip.
  • All loan repayment schedule with sanction letter.
  • Twelve months all saving bank account statements.
  • Netwoth Statement of Directors/Partners.
  • Proprietorship Documents:

  • Photographs-2
  • PAN card copy with GSTN Registartion photocopy.
  • Three years complete financials of the firm/proprietor.
  • All loan repayment schedule with sanction letters.
  • Twelve months all major bank account statements.
  • Business/Company profile.
  • Networth Statement of Company/Proprietor.

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    Equipment Financing - Interest Rates, Eligibility, Documents

    for purchase of Construction/Earth Mining Equipment of all brands. For any business to succeed, the availability of funds throughout its life cycle is of paramount importance. We offer a wide range of services for funding of commercial vehicles and construction equipment. The limits are fixed keeping in view the customer’s need for funds against the value of the security, margin available and credit worthiness of the borrower. At first, the customer requirements are properly understood and documented. After this the customer requirements are matched with company capability and services are offered as per the requirements of the customer within the overall policy framework/procedural guidelines. Creditworthiness of the customer is properly assessed and approval is obtained from the appropriate authority

    Equipment Financing Interest Rates:

    (Last Updated on : 2nd. Jan. 2021 )

    Bank's Name

    Interest Rates

    Apply For

    HDFC Bank.

    9.25% P.A. Onwards.

    Loan Apply

    Kotak Bank

    9.25% P.A. Onwards.

    Loan Apply

    ICICI Bank.

    8.80% P.A. Onwards.

    Loan Apply

    Axis Bank

    9.00% P.A. Onwards.

    Loan Apply

    RBL Bank

    9.25% P.A. Onwards.

    Loan Apply

    Bandhan Bank

    9.25% P.A. Onwards.

    Loan Apply

    SCB Bank

    9.00% P.A. Onwards.

    Loan Apply

    City Bank

    9.00% P.A. Onwards.

    Loan Apply

    Features & Benefits:

  • Lowest Interest Rates.
  • Easy Documentations.
  • Fast Processing.
  • Transparent Dealings
  • Door step service.
  • Overdraft is extended for the purpose:

  • Purchase of new machinery or equipments.
  • Purchase of old machinery or equipments.
  • Expansion of Machiery Plants.
  • Extension or modification of machinery plants
  • Balance takeover from Banks/NBFCs.
  • Equipment Loan is at the sole discretion of Banks/NBFC
  • List of Documents for Equipment Loans:

    Documents for company as an Applicant/Co-Applicant:

  • Business or Company profile.
  • PAN card copy with GSTN copy.
  • Three years complete financials.
  • All loan repayment schedule with sanction letter.
  • Twelve months all major bank account statements.
  • MOA & AOA of company or partnership deed copy.
  • List of directors & shares holders with ca attestation.
  • Property papers copy with complete chain and map copy.
  • Netwoth Statement of Company.
  • Director/Partner/Proprietor Documents:

  • Photographs-2
  • PAN card copy with Aadhar Card photocopy.
  • Three years financials/form16/latest 3 months pay slip.
  • All loan repayment schedule with sanction letter.
  • Twelve months all saving bank account statements.
  • Netwoth Statement of Directors/Partners.
  • Proprietorship Documents:

  • Photographs-2
  • PAN card copy with GSTN Registartion photocopy.
  • Three years complete financials of the firm/proprietor.
  • All loan repayment schedule with sanction letters.
  • Twelve months all major bank account statements.
  • Business/Company profile.
  • Networth Statement of Company/Proprietor.



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