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Introducing the First-in-industry IDFC FIRST Bank's Super Account
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You gain a dedicated partner committed to helping you reach your full potential and achieve new heights
Know More- Account with Auto-Sweep FD
- Account for all Domestic businesses
- Account for Importers & Exporters
- Account for Start-ups
- Accounts for Trusts/Associations/Societies/Clubs
- Account for Merchants
- Account for Agri Traders
- Account for Self-employed professionals
- Special Purpose Accounts e.g. SNRR, RERA, EEFC
BRAVO (Auto Sweep)
Convert the idle funds in your current account into a fixed deposit with the BRAVO feature.
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Streamline your export process with digital convenience with IDFC FIRST Bank's Export Solutions
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Make more than one online payment in just a few clicks with IDFC FIRST Bank Bulk Payments
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only on the IDFC FIRST Bank app
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Attractive Interest rates
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Top-up on existing loans
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Tenure up to 60 months
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Finance for used equipment (Re-finance & Re-purchase)
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Attractive Interest rates
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Top-up on existing loans
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Tenure up to 60 months
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Finance for used equipment (Re-finance & Re-purchase)
Construction Equipment Loan
It’s time to drive your business forward with IDFC FIRST Bank’s Construction Equipment Loan.
Financing for a whole range of construction equipment such as, Backhoe Loaders, Excavators, Mini Excavators, Tipper/ Dumpers, Transit Mixers, Self-Loading Concrete Mixers, Cranes, Forklifts, Wheel Loaders, Compactors, Road Rollers, Compressors, and others.
This loan is curated to help individuals/Corporates engaged in construction equipment handling get funding on a wide variety of equipment’s, ranging from earthmoving, mining, road construction, material handling, concrete and material processing equipment, and more. Read More
At IDFC FIRST Bank, we provide construction equipment loan to a broad spectrum of customers, which include small and medium industries, as well as contractors engaged in various civic and municipal bodies of Government and private agencies, viz., irrigation, public works department, national and state highways, etc.Read Less
CALCULATOR
Construction Equipment Loan EMI Calculator
Steps to apply for a Construction Equipment Loan:
There are many ways to avail a construction equipment loan from IDFC FIRST Bank. Here’s a list of the many ways you can do so:
1. Apply online on our website
2. Call us on our 24-hour customer care - 1800 10888
3. Walk into any of our branches
4. Contact any of our direct sales personnel
Eligibility for Construction Equipment Financing
Who can apply for a Commercial Construction Loan
- Indian Citizens
- Proprietorships
- Partnership firms
- Pvt. Ltd. Companies & Public Ltd. Companies
- HUF, Trust, Society and OPC
Documentation for Construction Equipment Loan
Fees & Charges for Construction Equipment loan
Know about our minimal and transparent fees & charges
FREQUENTLY ASKED QUESTIONS
What is a construction equipment loan?
Construction equipment loans are taken by construction companies and businesses to purchase equipment that are necessary for construction.
Is construction equipment loan secured or unsecured?
Construction equipment loans are secured.
What type of loan is an equipment loan?
An equipment loan offers a business owner the necessary capital to get the equipment and machinery required for the business process. These loans are used for road contracts, supply of construction materials, equipment used at construction sites, etc.
Who can apply for Construction Equipment loan?
We offer our Construction Equipment Loan to any individual, proprietorship concern, partnership firm, companies (private limited & public limited), one person company, Limited Liability Partnership, trusts, societies & HUF.
How is the Construction Equipment loan interest rate charged/calculated?
The Construction Equipment loan interest rate is charged on a fixed rate basis and is dependent on the customer profile.
Is a personal guarantor/co-applicant required for a Construction Equipment Loan?
The requirement for a guarantor/co-applicant is based on customer’s profile and our internal policies.
Why should I get a Construction Equipment Loan from IDFC FIRST Bank?
IDFC FIRST Bank's Construction Equipment Loan comes loaded with many exciting features like –
• Maximum LTV
• Hassle-free loan sanction process
• Simple documentation and faster decision process
• Longer loan tenures up to 6 years & moratorium period up to 90 days
• No hidden charges & complete transparency
• One-point contact – Dedicated Relationship Manager
• Competitive pricing
How do I approach IDFC FIRST Bank for a Construction Equipment Loan?/ How can I apply for an IDFC FIRST Bank Construction Equipment Loan?
There are many ways to avail a Construction Equipment loan from IDFC FIRST Bank. Here’s a list of the many ways you can do so:
• Apply online on our website - <link>
• Call us on our 24-hour customer care - 1800 10888
• Walk into any of our branches
• Contact any of our direct sales personnel
What is Construction Equipment loan repayment tenure offered at IDFC First Bank?
IDFC FIRST Bank Construction Equipment Loan offers flexible repayment tenure which may vary from 12 to 72 months, depending upon customer’s profile and our internal policies.
How do I repay my Construction Equipment loan?
We offer various repayment modes for your Construction Equipment Loan including:
• Digital Mandate
• E Mandate
• Digital Standing Instruction (in the case of IDFC FIRST Bank account holders)
• Physical mandate/Physical Standing Instruction
Can I sell the vehicle / asset before I repay the loan?
No, you cannot sell the vehicle / asset unless your loan account has zero outstanding.
