Excavator 
Backhoe Loader 
Motor Grader 
Wheel Loader 
Crane 
Concrete Mixer 
Compactor 
Skid Steer Loader 
Concrete Pump 
Telehandler 
Loan amount
Up to ₹50 Cr
New or used machines · quick approvals · EMIs that fit your cash flow. We help you from enquiry to keys-in-hand.
A Union Bank of India construction equipment loan helps you buy machines like excavators, compactors, concrete mixers, cranes and dumpers — new or used. You can borrow up to ₹50 crore under one facility, repay over up to 7 years, and start with a short three-month moratorium before your first EMI. The down payment is light at just 5–10%, and the machine itself works as security. Individuals, contractors, firms and companies can all apply. Tell us your machine and your city, and the Desi Machines finance desk will help you move the loan along — no long queues, no confusing forms.
Say you have found the right machine, but the price makes you stop and think. That is the exact moment a Union Bank of India construction equipment loan is built for. Union Bank is one of the country’s big public-sector banks, and it has spent years backing small businesses (MSMEs) and large companies alike. It runs a wide branch network with strong digital systems, so lending decisions can move quickly — handy when a good machine won’t stay unsold for long.
The loan is simple at heart. The bank pays for the machine, you put it to work, and you repay in easy monthly instalments (EMIs) from what the machine earns. The machine itself stands as security, so you usually don’t have to pledge extra property. Union Bank funds both brand-new machines and sound used ones, and it works directly with dealers and makers like SANY India, which means faster paperwork and honest machine valuations.
What can you finance? Almost any genuine work machine — excavators, compactors and road rollers, concrete mixers, motor graders, cranes, dumpers, pavers and material handlers. It doesn’t matter whether the exact model sits on the Desi Machines listing or not — if it is a real construction or mining machine, Union Bank can usually fund it.
Now the useful part. The loan goes up to ₹50 crore, so one facility can cover a whole fleet instead of many small loans. Repayment stretches to 7 years, and a short three-month moratorium gives you breathing room before the first EMI. The upfront margin is light too — just a 5–10% down payment — which keeps your cash free for diesel, wages and running costs. You can even take it as a plain term loan or a flexible line of credit drawn in tranches. Want to compare before you decide? Look at SBI and HDFC Bank too, or see every lender on our finance page.
Loan amounts, interest rates and tenures shown here are indicative and are decided by Union Bank of India based on your profile. Please confirm the latest terms with the bank or our finance desk before you apply.
Offers financing of up to ₹50 crore for heavy machinery. This plan is ideal for large-scale fleet expansion or costly purchases. It meets substantial equipment needs without needing multiple loans, all within a single credit facility.
Borrowers can choose repayment periods of up to seven years, which includes a standard three-month moratorium. This long-term schedule allows you to spread payments over multi-season or long-duration project cycles.
Only a 5–10% upfront margin on asset value is required, which helps preserve cash flow. When combined with a debt service reserve account, this setup ensures affordability while maintaining sound financial practices.
The financed machine serves as security, removing the need for extra collateral. This straightforward structure simplifies paperwork and speeds up processing, providing lenders with direct asset-backed assurance.
The loan can be set up as a term loan or a revolving line of credit, disbursed in multiple tranches over 12 months. This flexibility allows you to draw funds as you need them, optimizing borrowing and interest costs.
This option is for businesses that have been profitable for at least two years and have an acceptable credit history (e.g., CIBIL ≥ 700). It offers a personalized assessment, making it easier for approved contractors and entrepreneurs to secure funding.
Wondering what your monthly EMI would be? Slide the values below to see it right away. As an illustration, on a ₹60 lakh loan over 6 years, your EMI comes to roughly ₹1.1 lakh a month at a typical rate — change the amount, down payment or tenure and the figure updates on its own, no maths needed. Your real number depends on the rate Union Bank sets for your profile, so send us the details and we’ll confirm it with Union Bank.
You don’t have to be a large firm to qualify. Union Bank lends to individuals, proprietors, partnership firms, private and public limited companies, and SMEs working in construction, mining and infrastructure. What the bank mainly checks is steady: has your business run profitably for at least two years, is there income to cover the EMI, and is your credit record clean (a CIBIL score of 700 or above helps)? You will also need valid business registration papers. Not sure whether you fit? Just talk to our team on +91 90 5147 5147 — we check for you before you spend time on any paperwork.
Aadhaar, PAN, voter ID, passport, or driving license.
GST registration, trade license, company incorporation, or partnership deed.
Last 2 years’ audited financial statements, ITRs, and 6-month bank statements.
Proforma invoice (new) or valuation certificate (used).
Hypothecation of the equipment; additional security may be requested for higher loan amounts.
Applying is simpler than it sounds, and you never have to work it out alone. You pick the machine, our finance desk handles the paperwork, and Union Bank does the approval. Call us on +91 90 5147 5147 or email hello@desimachines.com with the machine and your city. Here is the plain path from “I need a machine” to “keys in hand” — most complete files move in just a few working days.
Explore a wide range of construction and heavy machinery from India’s top brands like CAT, Komatsu, JCB, Tata Hitachi, CASE, and more—all in one place.
Select the equipment model that best fits your project requirement, budget, and usage type—whether it’s for earthmoving, road work, mining, or lifting.
Fill out a quick enquiry form or connect via call, WhatsApp, or email. Desi Machines helps you apply for Machinery Loans or Finance for Machinery with fast approvals.
The loan covers a wide range of equipment including excavators, backhoe loaders, wheel loaders, cranes, pavers, compactors, tippers, concrete mixers, drilling rigs, dump trucks, graders, and forklifts. Both on-road and off-road machinery used in core projects are eligible.
The minimum margin required for the equipment finance loan is ranging from 5 % to 10 %
All MSME and Non MSME (Contractors only in case of new to Bank) are eligible to avail the Union Equipment Finance Loan for purchase of heavy equipment’s.
Union Bank offers funding of up to ₹50 crore based on your business profile, equipment cost, and repayment capacity. The loan amount may vary depending on whether the asset is new or pre-owned.
No Collateral is required for availing finance under Union Equipment Finance Scheme. Banks hypothecation will be charged over the equipment to be purchased out of the bank finance.
You can choose a repayment tenure of up to 7 years, including a grace period. Repayment schedules are structured to match your project cycles or seasonal revenue patterns.
Yes, Union Bank provides financing for pre-owned machinery. A valuation is carried out by a certified expert to determine asset condition, market value, and eligibility.
Loan approvals are typically processed quickly — especially if you’re buying from an approved dealer. Processing time may range from a few days to two weeks, depending on documentation and asset type.
Check Union Bank of India equipment finance and loan options across all major cities in India including Mumbai, Pune, Kolkata, Hyderabad, Chennai, Bengaluru, Delhi, Ahmedabad, Indore, Jaipur, Guwahati, and 600+ more locations.
Mumbai
Pune
Nagpur
Navi Mumbai
Thane
Nashik
Aurangabad (Chhatrapati Sambhajinagar)
Solapur
Kolhapur
Amravati
Chandrapur
Yavatmal
Latur
Dhule
Ahmednagar
Jalgaon
Raigad
Beed
Wardha
Palghar
Sangli
Ratnagiri
Satara
Nanded
Akola
Buldhana
Ahmedabad
Gandhinagar
Surat
Vadodara
Rajkot
Bhavnagar
Jamnagar
Mundra
Kutch
Vapi
Anand
Mehsana
Morbi
Surendranagar
Amreli
Bharuch
Navsari
Dahej
Alang
Dholera
Gandhidham
Panaji
Vasco da Gama
Margao
Calangute
Mormugao
Chennai
Coimbatore
Madurai
Tiruchirappalli
Hosur
Salem
Tirunelveli
Vellore
Erode
Thoothukudi
Neyveli
Cuddalore
Virudhunagar
Dharmapuri
Krishnagiri
Thanjavur
Tiruppur
Kancheepuram
Ranipet
Chengalpattu
Kanyakumari
Bengaluru
Mysuru
Hubballi-Dharwad
Belagavi
Mangaluru
Davanagere
Ballari
Hospet
Tumakuru
Shivamogga
Chitradurga
Raichur
Kolar
Hassan
Hoskote
Doddaballapura
Kalaburagi
Bidar
Koppal
Vijayapura
Chamarajanagar
Visakhapatnam
Vijayawada
Amaravati
Guntur
Tirupati
Nellore
Kurnool
Kadapa
Anantapur
Rajahmundry
Kakinada
Eluru
Ongole
Srikakulam
Bheemunipatnam
Machilipatnam
Proddatur
Hindupur
Srikalahasti
Nandyal
Hyderabad
Warangal
Karimnagar
Nizamabad
Khammam
Maheshwaram
Sangareddy
Nalgonda
Adilabad
Suryapet
Siddipet
Ramagundam
Mancherial
Peddapalli
Bhadrachalam
Zaheerabad
Narayanpet
Vikarabad
Medak
Kothagudem
Thiruvananthapuram
Kochi
Kozhikode
Thrissur
Kollam
Palakkad
Malappuram
Alappuzha
Kannur
Kasaragod
Kottayam
Idukki
Wayanad
Pathanamthitta
Ernakulam
Aluva
Angamaly
Perumbavoor
Munnar
Ponnani
Lucknow
Kanpur
Varanasi
Prayagraj
Noida
Ghaziabad
Meerut
Jhansi
Aligarh
Moradabad
Gorakhpur
Mathura
Bareilly
Saharanpur
Ayodhya
Mirzapur
Dadri
Muzaffarnagar
Deoria
Kushinagar
Ballia
Sonbhadra
Gonda
Etawah
Jaipur
Jodhpur
Udaipur
Kota
Ajmer
Bikaner
Alwar
Bhilwara
Barmer
Jaisalmer
Pali
Nagaur
Banswara
Dungarpur
Chittorgarh
Sikar
Sawai Madhopur
Tonk
Bundi
Sriganganagar
Ludhiana
Amritsar
Jalandhar
Patiala
Mohali
Bathinda
Hoshiarpur
Moga
Gurdaspur
Pathankot
Firozpur
Rupnagar
Fatehgarh Sahib
Sangrur
Faridkot
Kapurthala
Nawanshahr
Muktsar
Tarn Taran
Fazilka
Gurugram
Faridabad
Panipat
Ambala
Sonipat
Rohtak
Hisar
Karnal
Rewari
Manesar
Panchkula
Bhiwani
Yamunanagar
Jhajjar
Nuh (Mewat)
Sirsa
Kaithal
Kurukshetra
Bahadurgarh
Palwal
Shimla
Manali
Dharamshala
Solan
Baddi
Mandi
Kullu
Bilaspur
Una
Chamba
Kangra
Rampur
Lahaul-Spiti
Hamirpur
Sirmaur
Kinnaur
Dehradun
Haridwar
Rishikesh
Nainital
Roorkee
Haldwani
Kashipur
Rudrapur
Pantnagar
Champawat
Pithoragarh
Bageshwar
Chamoli
Uttarkashi
Almora
Vikasnagar
Kotdwar
Ramnagar
Srinagar (Pauri)
Tehri
Central Vista
Dwarka
Rohini
Narela
Okhla
Tughlakabad
Shahdara
Janakpuri
Badarpur
Uttam Nagar
Saket
Mundka
Burari
Bawana
Kanjhawala
Najafgarh
Deoli
Mehrauli
Vasant Kunj
Mayur Vihar
Srinagar
Jammu
Udhampur
Katra
Anantnag
Baramulla
Sopore
Pulwama
Ganderbal
Bandipora
Kupwara
Kathua
Reasi
Ramban
Doda
Rajouri
Poonch
Kishtwar
Shopian
Kulgam
Leh
Kargil
Drass
Hanle
Chushul
Zanskar
Nubra
Shyok
Khaltse
Dha-Hanu
Nyoma
Mulbekh
Sector 17 (City Core)
Sector 62 (IT Park)
Industrial Area Ph-1
Industrial Area Ph-2
Manimajra
Panchkula Extension
Mohali Phase 8
ISBT 43
Daria
Hallomajra
Rock Garden Area
Sector 82 (Aerocity)
Kolkata
Durgapur
Asansol
Haldia
Siliguri
Kharagpur
Bardhaman
Medinipur
Howrah
Raniganj
Burnpur
Bankura
Kalyani
Purulia
New Town (Rajarhat)
Bidhannagar
Barasat
Malda
Jalpaiguri
Cooch Behar
Bhubaneswar
Cuttack
Rourkela
Sambalpur
Berhampur
Angul
Talcher
Jharsuguda
Sundargarh
Paradip
Koraput
Rayagada
Keonjhar
Bolangir
Kalahandi
Dhenkanal
Baripada
Jajpur
Kendrapara
Puri
Ranchi
Jamshedpur
Dhanbad
Bokaro
Hazaribagh
Deoghar
Giridih
Ramgarh
Dumka
Lohardaga
Gumla
Palamu
Chatra
West Singhbhum
Pakur
Sahibganj
Koderma
Simdega
Godda
Khunti
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Desi Machines is a platform where you can see and compare construction equipment. It showcases images, brochures, features, technical specifications, brand details & dealer information. All these are taken from respective brand websites, brochures, and other public resources. We do not claim ownership of these materials and strive to ensure their accuracy. However, the disparity may happen and we advise users to verify directly with respective brands and dealers. Desi Machines is not liable for any inaccuracies or reliance on the information provided. Use of this website is at your own discretion.
