Construction Equipment Loan

Salient features

The advantages of this facility are:

• Fast turnaround time ensuring quick acquisition of construction equipment of all sizes and dimensions
• Finance can be availed for purchasing new/ used/ indigenous/ imported construction equipments

Documentation

• Last 3 years’ audited financials of the applicant
• Last 3 years’ ITR of the applicant
• KYC documents of the borrowing entity and all the signatories for the facility
• Last 1 year’s bank statement
• Details of other loans taken from banks/ NBFCs
• Proforma invoice of the equipment to be purchased

FAQ

Q: Which construction equipments can be financed under this facility?
A: We finance all types of construction equipment and machinery under the     construction equipment finance facility. The facility is also available for purchasing     equipments used for road making, massive building/ housing and other     construction as well as mega projects like highways, air port, port and related     service facilities

Q: Can a Company’s requirement of purchasing used equipment be financed?
A: Used equipment can be financed subject to valuation by empanelled valuer of     MCSL

Q: What is the maximum tenure of loan for Equipment Finance?
A: Usually, we provide loans up to 5 years