Construction Equipment Loan

Infrastructure is a major focus area for economic growth and Construction Equipment machinery forms a major part of the Infrastructure Segment. With Governments’ focus on infrastructure growth, Construction Equipment segment plays a critical role in development of our Nation. Get funding on wide variety of equipment ranging from earthmoving, mining, material handling, road construction, concrete and material processing equipments.

Funding for wide variety of equipments:

Get funding on wide varieties of equipment ranging from earthmoving, mining, material handling, road construction, concrete and material processing equipments.

Wide range of products:

Choose from a wide range of products including new equipment finance, refinance, asset insurance and opt for a financial solution that meets your business requirement.

Wide outreach:

Get your loan processed across the country with our wide network spanning across India.

Simple process:

Getting finance for your equipment is now hassle-free with minimal documentation and quick turn-around time.

Eligibility:

Any individual / proprietor / partnership firm / company with more than Three years of relevant business experience.

Interest Rates:

Specific interest rate applicable to a customer would be based on factors such as customer profile, relationship and tenure of loan etc.
Stamp duty charges shall be extra as applicable.
Additional documentation charges as applicable.
Saraswat Cooperative Bank reserves the right to revise the rate of interest and processing fee from time to time, at its sole discretion.

Sactioning:

Loan will be sanctioned basis the approved Policy and process of the Bank.

The tenure of the loan may vary from up to 60 months, depending upon the nature of the deal and the repayment capacity.
Repayment can be made through ECS / NACH or SI (in the case of Saraswat Cooperative Bank Ltd.) account holders.
Prepayment of the loan is allowed, at a charge indicated on the "schedule of charges" given below.