Seeking loans especially for construction equipments can be a tiresome process since not all banks grant such loans. Here are some tips and offers on Construction Equipment Loan in delhi that would help you in purchasing construction equipments in Delhi.
Construction Equipment Loan in Delhi
- Any individual, partnership firm or an organization with over two years of business experience can apply for a construction equipment loan in Delhi.
- If you already an owner of one or two construction equipments you are also eligible to buy construction equipment y taking construction equipment loan.
- You are also eligible to buy construction equipment if own a mine or a contractor to the mine.
You can avail a finance of approximately 95% on the price of the construction equipment you wish to buy.
Rate of interest:
Rate of interest applicable on construction equipment loan is around 12% p.a.
The loan tenure of the construction equipment loans can range from 12 months to 60 months depending on your affordability.
Mode of repayment is designed as per your convenience either though Equated Monthly Installments (EMI) or Post dated cheques (PCD).
Nil Fore-Closure Charges:
If your bank offers you a feature of fore closure charges the loan can be paid back and closed before the end of tenure without bearing any prepayment charges.
Insurance Cover for Construction Equipment:
An insurance cover on the construction equipment you are purchasing will help you avoid any type of loss that can be caused due to any unfortunate event.
- Passport Sized Photographs
- Identity Proofs
- Address Proofs
- Duly filled application form
- KYC Documents
- Residential Proof
- Six Months Bank Statement
- P&L statement/ Balance Sheet duly audited by CA (In cases where you are running your own business)
- Letzbank is one-stop-shop for all your construction equipment loan queries.
- After your have obtained a quote for and have shortlisted the construction equipment you wish to purchase, all you need to do is to logon to letzbank and submit your application for the required loan amount from anywhere across the country.
- We have a reliable team of customer care executive who will get back to you and facilitate genuine construction equipment loan offers.
- Our online services are absolutely free of cost for all our online customers.