Commercial Construction Equipment

What’s In Store For You

Working Capital for Growth

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Commercial Construction Equipment

Key Features of Construction Equipment Loan

Loan Perks

Purchase Flexibility

  • Secure financing for a range of equipment at appealing interest rates.

Tailored Solution

  • Select from various loans tailored to meet your specific business needs.

Higher Funding

  • Get up to 100% financing for your Commercial/Construction Equipment*.

Affordable Rates

  • Benefit from competitive interest rates and fast loan processing timeframes.

Easy Tracking

  • Check the status of your Commercial/Construction Equipment Finance application here.

Purchase Flexibility

Fees & Charges

  • EMI Return Charges: ₹550 per instance. 

  • Part Prepayment / Premature Closure Charges: 

    Within 1 year from the 1st EMI: 4% of Principal Outstanding (POS). 

    After 1 year from the 1st EMI: 2% of Principal Outstanding (POS). 

  • For Borrowers Classified as Micro and Small Enterprises (MSE): 

    Fixed Rate Loans up to ₹50 lakh: No prepayment penalty. 

    Floating Rate Loans / Takeover Loans: No prepayment penalty. 

  • Stamp Duty: Charged at actuals. 

  • Click here to view more details of the fees and charges.
Tailored Solution

Higher Funding

  • *The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
Higher Funding

More About Construction Equipment Loans

You must submit the following documents to avail of  a Construction Equipment Loan:

  • KYC documentation

  • Bank statement

  • Proof of residence

  • Track record- if applicable

  • Other documents as required by the bank

  • Financial Flexibility: Provides funds to purchase, lease, or refinance equipment, easing financial strain on businesses.

  • Enhanced Cash Flow: Preserves working capital by spreading equipment costs over manageable monthly payments. 

  • Upgraded Equipment: Access to modern, efficient machinery, which helps enhance productivity and project efficiency.

  • Tax Advantages: Potential tax deductions on interest payments and depreciation of equipment.

  • Competitive Rates: Offers competitive interest rates, reducing overall borrowing costs.

You can apply for an HDFC Bank Construction Equipment Loan by considering the following steps: SME-> BORROW-> Loan For Specific Industry/Segments-> Commercial Construction Equipment Finance.

Frequently Asked Questions

Yes, you can leverage the special schemes we offer. Please contact HDFC Bank's sales representative for further details.

The Commercial Equipment Loan tenure ranges from 48 to 72 months (depending on customer profile). 

Construction Machinery Finance is typically processed within 7 working days of completing the documentation and application submission process.

Construction equipment can be majorly bifurcated into 4 main categories, all of which come with funding options. These include:

  • Earthmoving equipment: All types of backhoe loaders, including JCB, excavator, Poclain/TATA Hitachi, loaders, dozers, etc.
  • Concrete equipment: Batching plants, concrete mixers, boom pumps, etc.
  • Road equipment: Road rollers, compactors, pavers, crushers, etc.
  • Material handling: Imported cranes, hydra cranes, forklifts, reach stackers, etc.

Under Heavy Equipment Financing, you can borrow up to 90% (depending on customer profile) of your equipment cost, based on your loan eligibility.

A Construction Equipment Finance is a credit facility that helps you borrow funds to buy, repair or upgrade all types of construction equipment. It is a type of Business Loan that enables you to improve your productivity and efficiency without compromising your working capital.

The repayment tenure for the Commercial Construction Equipment Loan generally varies from 2 years to 5 years, depending on the lender and loan amount. Approval of the loan will entirely depend on the age of your business, turnover, and credit profile.

Apart from a Commercial Construction Loan, HDFC Bank offers a letter of credit for procurement, working capital, and a bank guarantee for tendering for product purchase.

The different stages involved in availing a loan are:

  • Application
  • Processing
  • Documentation
  • Sanctioning of the loan
  • Disbursement

Yes, you can pre-pay the Loan for Construction Equipment at any time, after 6 months of availing of the loan. Foreclosure charges would be applicable.