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Construction Equipment Loan

From JCBs to cranes — DealGini helps contractors and construction businesses finance heavy equipment through 21 lenders with fast approvals and competitive rates.

Loan Amount ₹5 Lakh – ₹10 Crore
Tenure 12 – 60 months
Processing Fee 1% – 2%
Turnaround 5–10 working days
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Loan Details

Everything you need to know
before you apply.

Key Figures
Loan Amount₹5 Lakh – ₹10 Crore
Repayment Tenure12 – 60 months
Processing Fee1% – 2% of loan amount
Typical Turnaround5–10 working days
Principal Partners21 Banks & NBFCs
Interest RateDiscussed at application
Loan Types Covered
Excavators & JCBs Cranes & Piling Rigs Loaders & Dozers Concrete Mixers Transit Mixers Compactors & Rollers
Who Can Apply

Eligibility criteria.

These are general guidelines. DealGini works with multiple lenders — if you don't meet one lender's criteria, we find another that fits your profile.

Age
21–65 years at loan maturity
Applicant Type
Contractor, Proprietorship, Partnership, Private Ltd, HUF
Experience
Minimum 2 years in construction / infrastructure business
Income
ITR for 2 years with sufficient net income or project orders
Credit Score
650+ preferred; project-based lending considered
Business Stability
Existing work orders or contracts strengthen the application
What to Prepare

Documents checklist.

Keep these ready before applying. Our team will guide you on exactly which documents your chosen lender needs.

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Identity Proof
Aadhaar Card / PAN Card / Passport
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Address Proof
Aadhaar / Utility Bill / Business address proof
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Income Proof
ITR last 2 years + bank statements 6 months
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Business Proof
GST registration / Trade licence / Company registration
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Equipment Quotation
Proforma invoice from OEM dealer or RC + valuation for used
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Work Orders
Active project orders or contracts (if available — strengthens case)
EMI Calculator

Estimate your monthly payment.

This is an indicative calculation only. Actual EMI depends on the lender's interest rate and your profile.

Loan Amount ₹10,00,000
Interest Rate (% per annum) 12%
Tenure 36 months
Estimated Monthly EMI
₹33,214
₹10,00,000
Principal
₹1,95,704
Total Interest
₹11,95,704
Total Payable

* Indicative only. Actual rate depends on lender, credit profile and loan type. Contact DealGini for a precise quote.

Apply Now

Get started in
3 minutes.

Fill the form and our team will call you within 2 business hours. We'll assess your profile, suggest the best lender and guide you through the entire process — at no cost to you.

Apply for Construction Equipment Loan
Free consultation. No commitment required.

Your information is kept confidential. We never share your details with third parties without your consent.

Common Questions

Frequently asked
questions.

Can I finance used construction equipment?+
Yes. Many lenders finance used equipment that is less than 10 years old. A third-party valuation report is mandatory.
Do I need an existing business to apply?+
Yes — construction equipment loans are primarily for businesses with proven operations. New businesses may need a co-applicant with a strong profile.
What is the typical LTV (loan to value) ratio?+
Generally 70%–85% of the equipment value for new machines. Used equipment LTV depends on age and condition.
Can I get a loan for imported equipment?+
Yes, subject to lender policies. Some NBFCs specialise in imported heavy equipment financing.
How does DealGini help compared to going directly to a bank?+
We match your profile to the right lender from 21 options, prepare your file correctly and follow up until disbursement — significantly faster and with better approval chances.
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