Excavator 
Backhoe Loader 
Motor Grader 
Wheel Loader 
Crane 
Concrete Mixer 
Compactor 
Skid Steer Loader 
Concrete Pump 
Telehandler 
Loan amount
Up to 90% funding
New or used machines · quick approvals · EMIs that fit your cash flow. We help you from enquiry to keys-in-hand.
A Bank of Baroda construction equipment loan helps you buy machines like excavators, cranes, tippers, batching plants and road rollers — new or used. On a new machine the bank funds a big share of the cost, usually around 85% to 90%, and often without extra collateral because the machine itself is the security. Self-employed people, contractors, MSMEs and firms can all apply, and you don't need to be an old customer. Repayment is in easy EMIs with simple papers and no hidden charges. Tell us your machine and city, and the Desi Machines finance desk will get your loan moving.
Started way back in 1908, Bank of Baroda (BoB) is one of India’s oldest and largest public sector banks. It was nationalised in 1969 and today runs more than 8,000 branches across the country, plus a presence in 17 countries. For a small contractor or a first-time machine owner, that reach matters. There is usually a Baroda branch close to your worksite, run by people who understand what it takes to buy and run heavy machinery.
A Bank of Baroda construction equipment loan is simply money the bank lends you to buy a machine. You earn with the machine and pay the bank back in easy monthly instalments (EMIs) from that income. One thing that sets BoB apart is that it often gives these loans without asking for extra collateral — the machine itself stands as the security. The bank funds both brand-new machines and good second-hand ones, so you can pick what suits your pocket. Even if you have never banked with them before, you can still apply; a prior relationship is not needed.
What can you put this money towards? Real, working site machines — excavators, loaders, cranes, tippers, batching plants, compactors and road rollers, concrete mixers, generators and other special-purpose equipment. It does not matter if the exact model sits on Desi Machines or not — if it is a genuine construction or mining machine, Baroda can usually finance it.
On a new machine, Bank of Baroda funds a big share of the cost — around 85% to 90% — so you only arrange a small part yourself. Approval is quick, the paperwork is kept simple, and there are no hidden charges. Existing customers can even get pre-approved limits, top-up loans and refinancing on machines they already own. In plain words: you get the machine now, keep your cash free for diesel, wages and repairs, and let the machine earn its own EMI. Want to weigh up other lenders first? Compare Shriram Finance and Kotak Mahindra Bank on our finance page before you decide.
Loan amounts, interest rates and tenures shown here are indicative and are decided by Bank of Baroda based on your profile. Please confirm the latest terms with the bank or our finance desk before you apply.
Bank of Baroda offers one of the fastest loan processes, from quick sanction to prompt disbursal. The documentation is simple and hassle-free, with complete transparency and no hidden charges.
Generally, banks ask for collateral whenever they offer a loan. It means that if the borrower defaults, the collateral can be used to repay the loan. Bank of Baroda offers a loan without any collateral.
Bank of Baroda also offers loans to non-existing customers, i.e,. Any person can apply for loans, whether he or she has a prior connection with the bank or not
For existing customers, the loan sanction and disbursement process is very smooth. This allows less consumption of processing time.
Bank of Baroda offers pre-approved loans to its existing customers. Bank of Baroda’s Construction Equipment Loan interest rates are affordable. Customers can also opt for top-up loans and refinancing for existing machines under favourable terms.
The loan process of the Bank of Baroda is also very simplified. Dedicated departments with officials is engaged for faster disbursement of loans.
Wondering what your monthly EMI might come to? Just move the sliders below and see it right away. As an illustration, on a ₹30 lakh loan at 11% over 5 years, the EMI works out to roughly ₹65,000 a month. Change the loan amount, down payment or tenure and the figure updates on its own — no maths on your side. Want the exact number for your case? Send us the details and we’ll confirm it with Bank of Baroda.
You don’t have to be a large company to qualify. Bank of Baroda lends to self-employed individuals, contractors, partnership firms, MSMEs and companies working in civil construction, mining, logistics and infrastructure. What the bank mainly wants to see is steady income and a clear ability to repay the EMI comfortably. A clean credit record helps your case too. And because BoB lends to new customers as well, you can apply even if you have never banked with them before. Not sure whether you fit? Just talk to our team first — we check for you before you spend time gathering papers.
PAN card, Aadhaar, voter ID, passport, or driving license and lates passport size photographs for identity verification.
Utility bill, Aadhaar, passport, voter ID, or rent agreement showing current residence or business location.
GST registration, business license, partnership deed, or company incorporation certificate.
Bank statements, ITR for last 2 years, audited financials, or business turnover proof for loan eligibility.
Quotation from authorised dealer or valuation of used equipment being financed.
If the equipment includes vehicles, registration and insurance details are mandatory.
Getting a loan sounds harder than it really is, and you don’t have to sort it out on your own. You choose the machine, our team handles the finance paperwork, and Bank of Baroda gives the approval. Here is the simple journey from “I need a machine” to “keys in hand” — when your file is complete, most cases 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.
Select the equipment model that best fits your project requirement, budget, and usage type—whether it’s for earthmoving, road work, mining, or lifting.
The Bank of Baroda Construction and Mining Equipment Loan is a financing scheme designed to help businesses purchase new or used construction and mining machinery. It offers equipment finance and commercial vehicle loans with competitive interest rates, flexible repayment options, and fast processing for contractors, builders, and infrastructure companies.
Bank of Baroda provides equipment loans for a wide range of construction and mining machinery, such as excavators, backhoe loaders, bulldozers, wheel loaders, cranes, concrete pumps, transit mixers, road rollers, and compactors. Both new and used machines may be eligible, depending on the bank’s valuation and age criteria.
Bank of Baroda offers up to ₹50 crore per unit, covering up to 90% of the equipment cost, with repayment tenures up to 5 years.
Yes, Bank of Baroda provides financing for used or second-hand machinery, subject to proper valuation, age criteria, and adherence to the bank’s equipment financing guidelines.
Loan tenures range up to 5 years, depending on asset type and borrower profile.
Yes, flexible EMI structures are available, including step-up or balloon repayment models suited to seasonal businesses.
Self-employed professionals, contractors, MSMEs, transporters, and companies in infrastructure or mining are eligible.
Yes, Bank of Baroda allows refinancing of existing loans and provides top-up funding against available asset equity.
Equipment insurance and credit life cover can be bundled optionally, depending on borrower preference and loan terms.
Check Bank of Baroda 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.
