Grow with Bank of Baroda.


Empowering the MSMEs with instant access and instant solutions.

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.

संबंधित उत्पाद

Are you Bank of Baroda Customer?

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, please click here. By continuing to browse this website, you consent to our use of cookies.