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Loan for Construction and Mining Equipment

  • Overview
  • Terms and Conditions
  • Interest Rates and Charges

Loan for Construction and Mining Equipment provides hassle-free term loan for purchase of new construction and mining equipment to eligible first time buyer, small, medium, large and strategic segment contractors and mining operators.

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 documentation and doorstep service to you.
  • No prepayment charges after completion of 50% of loan tenure.
  • No prepayment charges for loans up to Rs. 50 lakhs, if the borrower is classified as micro or small enterprise.
  • No collateral security
  • No hidden charges.
Loan Amount

Up to Rs. 50 crores

Loan Tenure

Up to 5 years

Margin

Minimum 10% on ex-showroom price.

Micro, small and medium enterprises interest rate linked to repo rate (BRLLR). Other enterprises Interest rate linked to yearly MCLR.

Related products

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