Construction Equipment
Excavators, backhoe loaders, cranes, concrete equipment and allied machinery, new or refinanced. Structured for contractors whose billing cycles do not arrive in neat monthly instalments.
- Loan amount₹5,000 – ₹5 L
- Tenure1 yr – 6 yr
- Processing fee1.5%
Construction Equipment Finance
Excavators, backhoe loaders, cranes, compactors, concrete equipment and allied machinery — new, used or refinanced. Ganesham Finance Services arranges construction equipment funding from the NBFCs on our panel that underwrite this asset class seriously, and structures the repayment around how a contractor is actually paid.
What it can be used for
- Buying new equipment against a dealer or manufacturer quotation
- Buying used equipment, funded against a valuation report
- Refinancing machinery you already own, to release working capital
- Taking over an existing equipment loan at better terms
Why the structure matters here
Contractor billing does not arrive in neat monthly instalments. Running bills get certified late, retention money is held back, and a machine can sit idle between projects. Lenders who understand this will look at your work orders and your project pipeline, not just last month's bank balance — and that is the difference between a file that is sanctioned and one that is declined.
Who is eligible
- Contractors, sub-contractors, equipment owners and hirers
- Proprietorships, partnership firms, LLPs and private limited companies
- First-time buyers with a live work order, and existing owners adding to a fleet
Documents Required
- PAN Card and Aadhaar Card of the applicant, partners or directors
- Address proof and business registration proof
- Bank statement for the last 12 months
- ITR and financials for the last 2 years, where applicable
- Quotation for new equipment, or valuation report for used equipment
- Work orders or contracts in hand, which materially help the case
- Existing loan statements, where there is running equipment finance
You will get one consolidated checklist from us, and we will collect it from you.
Disclaimer: Interest rates, loan amounts, tenure, approval timelines and eligibility are indicative and may vary based on the applicant’s profile, lender policies, property evaluation, documentation and prevailing market conditions. Final approval is at the sole discretion of the respective lending institution.
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