Commercial Vehicle, Construction Equipment & Machinery Loan
Strong support for the growth of your business
Get financial support to buy new or used commercial vehicles, trucks, construction equipment and machinery, and make your business more capable.
Vehicles, equipment and machinery covered
Financing is available for a wide range of commercial vehicles, construction equipment and machinery.
Three-wheeler vehicles
Cargo and passenger three-wheelers for local business.
Light commercial vehicles
Small trucks and vans for city and regional loads.
Medium commercial vehicles
Mid-size trucks for regular freight and supply.
Heavy commercial vehicles
Heavy trucks and tippers for long-haul and bulk transport.
Construction equipment
Backhoe loaders, excavators and similar machines.
Other equipment
Excavators, loaders, cranes and other equipment, as per need.
New machinery
Buy a new machine for your plant or business.
Availability, amount and terms depend on the lender and your profile. Approval is not guaranteed.
Loans for new and existing machines
Indicative figures for machinery finance. The lender decides your final terms.
New machine purchase
Finance a new machine for your business.
Refinance on an existing machine
For a machine you have bought, within 4 months of purchase.
Balance transfer
Move an existing machinery loan to a new lender.
Machinery finance EMI calculator
This calculator is for machinery finance only. The rate starts from about 11.5%.
Check your monthly EMI
Check your monthly instalment before you apply.
PrincipalInterest
Illustration only. Rate starts from about 11.5%. Actual rate, fees and EMI depend on the lender and your profile.
The rate is approximate and varies by lender. Approval is not guaranteed.
Documents required
Identity proof
PAN / Aadhaar
Address proof
A valid address proof
Bank statement
Recent bank statement
Business and asset papers
Business registration proof, GST, quotation/invoice and ownership proof, as required for machinery
The lender may ask for other documents depending on your profile. We will confirm your checklist when you enquire.
Made for growing businesses
Business expansion
Add vehicles or machines to grow your fleet and capacity.
New purchase
Buy a new vehicle or equipment for your business.
Upgrade old equipment
Replace or upgrade older machines to work more efficiently.
Transport and construction
For transporters and professionals in infrastructure and construction.
Four simple steps
Enquire
Tell us about the vehicle or equipment through Apply Now, a call or WhatsApp.
Share documents
Send your ID, address proof and bank statement as per the checklist.
Lender review
The lender checks your profile and the asset, and shares the offer.
Get funded
After you accept the terms and complete formalities, the loan is disbursed.
Frequently Asked Questions
1. Which vehicles and equipment can be financed?
Three-wheelers, light, medium and heavy commercial vehicles, construction equipment and other machinery such as excavators and loaders. The lender decides what it will finance.
2. Can I finance a used vehicle or machine?
Financing may be available for both new and used assets, depending on the lender's policy and the age and condition of the asset.
3. How much can I borrow, and at what rate?
The amount, interest rate and tenure depend on the lender, the asset and your profile. We will explain your options when you enquire.
4. Which documents do I need?
Usually identity proof (PAN / Aadhaar), address proof and a bank statement. For machinery finance the lender may also ask for business registration proof, 12 months of GST, the machinery quotation or invoice, proof of ownership and recent ITR and financials.
5. What fees should I expect?
Common charges include processing fees and late-payment penalties. They vary by lender, so ask for the full list before you accept an offer.
6. When can I refinance a machine?
Refinance is available for machines you have already bought, within 4 months of purchase. The lender confirms eligibility. A balance transfer moves an existing machinery loan to a new lender.
7. Is approval guaranteed?
No. The lender decides based on your profile, credit history and the asset being financed.
Other loans
Talk to us about your business loan.
Contact us today. We will understand your need, explain your options and guide you through the process.