Loan for Construction and Mining Equipment
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Overview
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Most Important Terms and Conditions (MITC)
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Interest Rates and Charges
Loan for Construction and Mining Equipment : Overview
Loan for Construction & Mining Equipment provides hassle-free term loan for purchase of new construction / mining equipment to eligible First Time Buyer, Small, Medium, Large and Strategic Segment Contractors and Mining Operators.
Loan for Construction and Mining Equipment : Most Important Terms and Conditions (MITC)
Eligibility
Individual / Proprietorship Firm / Partnership Firm / Company engaged in Construction or Mining activity (Contractors).
Key Features
- Faster loan - Our loan sanction and disbursal is one of the quickest. We provide hassle-free documentations.
- No Collateral Required
- No need for existing Relationship
- Standalone Sanction process for the existing borrowers
- Pre-Sanctioned Loan Limit for existing borrowers
- Simplified loan assessment method
- No hidden charges.
Loan Amount
Up to Rs. 50 crores
Loan Tenure
Up to 5 years
Margin Minimum 10%
Loan for Construction and Mining Equipment : Interest Rates and Charges
- Concessional & Competitive Rate of Interest
- Concessional One Time Processing Fees
(MSME’s interest rate linked to Repo Rate (BRLLR). Other enterprises Interest rate linked to yearly MCLR).
