Un-Secured Loans

Construction Equipment Loan
Onward 7.50%.

Construction Equipment Loan helps businesses buy heavy machines and equipment used in construction work like JCB, excavator, crane, loader, and road machinery. It allows contractors and companies to purchase equipment without paying the full amount at once. The loan is repaid in easy monthly EMIs with flexible tenure options. It helps businesses complete projects faster and increase work capacity.

Application

Please provide your business and financial details for quick loan assessment.

Construction Equipment Loan Eligibility Criteria

Understand the complete eligibility structure for construction equipment loans, including business stability, repayment history, turnover, and creditworthiness.

What do you mean by Construction Equipment Loan Eligibility Criteria?

Construction equipment loans help you buy new or used machinery, upgrade existing equipment, or take over an old loan. Many lenders offer up to 100% funding at competitive interest rates.


Loan approval depends on your business profile, income stability, repayment capacity, and overall financial history.

Construction Equipment Loan Eligibility

  • Age Limit: 22 to 60 Years
  • Minimum 2 Years Business Continuity
  • Minimum 2 Years Audit by Registered CA
  • Applicable for Individuals, Firms, LLP & Companies
  • Loan Amount: ₹5 Lakhs to ₹5 Crore
  • Maximum Tenure: Up to 60 Months

Eligible Business Types

  • Individuals
  • Proprietorship Concerns
  • Partnership Firms
  • Private & Public Limited Companies
  • Private Trusts
  • Limited Liability Partnerships (LLP)

Factors Affecting Eligibility

Business Stability

Lenders check how stable your business is. Low sales or unstable income can reduce approval chances.

Poor Credit Rating

Missed EMIs, late payments, or defaults negatively affect your credit score and loan eligibility.

How to Increase Eligibility

Required Documents

Documents Required for Loan Processing

Keep the following documents ready for faster approval and smooth verification. Select your applicant type and check the complete checklist.

Individual

Personal Applicant
  • Photographs - 2
  • PAN Card Copy
  • Aadhar Card + Passport
  • Address Proof If Rented Also Required Permanent Address Proof
  • Last 3 Years Form-16, ITR with Computation of Income If File
  • Last 1 Year Bank Statement - Salary Account
  • Loan Schedule & Sanction Letter (If Running)
  • Complete Property Papers with Chain & Map + ATS
  • Processing Fee Cheque in Favour of Bank
  • Last 3 Months Salary Slip + Appointment Letter

Prop Firm

Business Applicant
  • Photograph Both
  • PAN Card Clear Copy Proprietor
  • Address Proof (Passport, Voter ID Card) Proprietor
  • Office Address Proof Latest (Electricity Bill, Telephone Bill)
  • Loan Schedule & Sanction Letter (If Running)
  • Firm Registration Certificates & GST Registration Copy
  • Last 1 Year GST Return Copy
  • Firm 3 Years ITR Computation, Profit Loss A/C, Balance-Sheet, Tax Audit Report, All Scheduled & Annexure
  • Provisional Financial AY 2019-20
  • Bank Accounts (Current Account, CC Account, OD Account Last 1 Year Updated)
  • 6 Month Saving Account Statement Updated (Proprietor)
  • If Running Any Loan Please Provide Sanction Letter and Repayment Scheduled
  • Agreement to Sell Copy
  • Property Papers with Chain Sanction Map

Partnership Firm

Partnership Business
  • Photograph Partners
  • PAN Card - Company, All Partners
  • Address Proof - All Partners (Passport, Voter ID Card, PAN, Aadhaar)
  • Firm Address Proof - Latest Any Utility Bill
  • Partnership Deed Copy
  • GST Certificate
  • GST Return Last 1 Years
  • 3 Year Company ITR COI P/L A/C Balance Sheet + Audit Report 3CB 3CD, All Annexures, Scheduled with C.A. Certified
  • Provisional Financial AY 2019-20
  • 3 Year All Partner Individuals ITR + Computation
  • Firm All A/C Bank Statement 1 Year Updated
  • All Partner Saving A/C Statement 6 Month
  • If Running Any Loan – Latest Sanction Letter + Track Records or Repayment Scheduled
  • Agreement to Sell Copy
  • Property Papers Complete Chain with Map

Pvt. Ltd.

Corporate Applicant
  • All Directors Photograph
  • Clear PAN Card - Company and All Directors
  • Address Proof – Company and Directors
  • List of Director & Share Holder with CA Certified as on Date
  • Memorandum Order in Hand and Complete Copy (If Applicable)
  • GST, Sale, VAT and SSI Registration Certificate
  • 1 Year GST Returns
  • All Directors Individuals ITR & Computation Last 3 Years
  • Last 3 Years Complete Financial with Tax Audit Report and Annexure
  • Provisional Financial FY 2019-20 or Month Wise Sale Figure Last 1 Year
  • Company All Bank Account Statement 1 Year Updated
  • All Directors Saving A/C Statement 6 Month
  • If Running Any Loan – Latest Sanction Letter and Repayment Scheduled
  • Agreement to Sell Copy
  • Property Papers Complete Chain with Sanction Map
EMI Calculator

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Instantly estimate your monthly EMI, total interest payable, and total repayment amount for your Loan Against Property application.

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