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Loan for Construction and Mining Equipment

  • Overview
  • Most Important Terms and Conditions (MITC)
  • 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)


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).

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