Construction equipment loan in Kolkata

India is a developing country. It is on a path of growth .Every city, let it be a metropolitan city or any other city in India is changing its social and economic conditions and is raising very high aspirations. This is adding fuel to the individual’s dreams for a better and bigger life. Be it an individual or a business in Kolkatta, we are making demands on India’s infrastructure to facilitate the growth of the city. This in turn has opened vide and vast opportunities and avenues for various business in the construction and infrastructure sectors in Kolkatta.

If you are involved in the construction business or are planning to start same, we at letzbank offer you a portfolio of Construction Equipment Finance. This shall help you to pursue your path of success and growth.

Check Your Eligibility

Banks offer a wide portfolio of products for you to choose from

• New Construction equipment loan

• Used CONSTRUCTION EQUIPMENT LOAN Loans

• Refinance against Construction Equipments

• BT (Balance Transfer

How all are eligible for Construction equipment loans in Kolkata

You could be one among the below mentioned pointers. You should be engaged in the construction segment like mining, roads, port, power, etc.

• Individuals

• Partnership Firms

• Proprietorship Firms

• Public Limited Firms

• Private limited Firms

You should have a clean and good past repayment history. This is one the most essential criterion for loan eligibility which is very keenly studied by the banks

Feature of construction equipment loan in Kolkata

We at letzbank have tie ups with all the leading banks like HDFC Bank, ICICI Bank, Kotak Mahindra Bank Limited, , Seri BNP Paridas, Bajaj Finserv, AXIS Bank, State Bank of India, RBL Bank, Citi Bank, DHFL, RAAS etc. Under construction equipment loan various schemes available for a variety of new construction equipment like Loader, Excavators, Drilling Equipment, Tippers, Wheel Loaders, Pavers, Transit Mixers, Batching Plants, Cranes, Forklifts, , Compactors, Graders, Dozer, Concrete Pumps ,Crushers Placing Booms, etc.

All these banks offer construction equipment loan up to 100 crores to the applicant. The loan amount solely depends on the customer profile and portfolio of his business and ultimately his requirement. Bank offers 100% finance on construction equipments. Repayment tenure up to 60 months is available. Customized EMI structure is offered which suit the business needs of the applicant. Pre construction equipment loan processing fees of 1% for new loans and 1.5% for used loans is charged. Foreclosure charges of 2 -4 % of principal outstanding is charged from the customer if he plans to foreclose the loan before the term is finished. Some financial institutions even offer construction equipment loan with NIL foreclosure charges. Bank offers construction equipment loan @ 11.47% and above to the customer. Special rate are offered when you apply through letzbank.

Documents required for Construction equipment loan:

• Applicant form

• Photograph

• ID Proof

• Address proof

• Signature proof

• DOB Proof

• Income details

• Bank account statements

• Partnership deed

• MOA / AOA

• Past track records

• Work order details

• Fleet details