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Construction and Mining Equipment

Eligibility:

Individual / Proprietorship Firm/Partnership firm / company engaged in construction or Mining activity (Contractors).

Purpose:

To provide 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.

Key Features:

  • Faster loan - Our loan sanction and disbursal is one of the quickest with hassle-free documentation and doorstep service.
  • No Prepayment Charges after Completion of 50% of Loan tenure.
  • No Prepayment Charges for loans upto Rs. 50.00 Lacs, if the borrower is classified as Micro or Small Enterprise.
  • No Collateral Security
  • No hidden charges.

Loan Amount:

Upto Rs. 50.00 Crores

Loan Tenure:

Upto 5 Years

Margin:

Minimum 10% on Ex-showroom Price.

Rate of Interest

Micro,Small and medium Enterprises Interest rate linked to Repo Rate (BRLLR). Other Enterprises Interest rate linked to Yearly MCLR .

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