Excavator 
Backhoe Loader 
Motor Grader 
Wheel Loader 
Crane 
Concrete Mixer 
Compactor 
Skid Steer Loader 
Concrete Pump 
Telehandler 
Loan amount
₹10 L – ₹100 Cr
New or used machines · quick approvals · EMIs that fit your cash flow. We help you from enquiry to keys-in-hand.
A Canara Bank construction equipment loan helps you buy machines like excavators, backhoe loaders, cranes, road rollers and transit mixers — new or used. You can borrow from ₹10 lakh up to ₹100 crore (₹50 crore for most firms, more for top-rated ones), repay over 3 to 5 years (36 to 60 EMIs), and keep your margin as low as 5% to 20%. Interest stays competitive and the machine itself acts as security. Individuals, contractors, partnerships and companies with two years in business can apply. Tell us your machine and city, and the Desi Machines finance desk will get it moving — no long queues, no confusing paperwork.
Canara Bank is one of India’s oldest public sector banks. It was started way back in 1906 in Bengaluru and is owned by the government, so your money and your loan sit with a name people have trusted for over a hundred years. The bank has branches deep inside rural belts, not only in big cities. For a contractor working on a village road or a small-town site, that closeness matters — help is usually a short ride away, not a whole day’s travel.
A Canara Bank construction equipment loan is simply money the bank lends you to buy a machine that earns for you. You put the machine to work, and you repay the loan in small monthly instalments (EMIs) out of what it earns. The machine you buy stands as the security itself — that is called hypothecation — so you often do not have to pledge your house or extra land. Canara funds both new machines and sound used ones, which really helps when a second-hand loader fits your budget better than a fresh one.
So what can you actually finance here? Real working machines — excavators, backhoe loaders, wheel loaders, motor graders, JCBs, cranes, road rollers, transit mixers, DG sets and more. This runs under the bank’s Canara Easy Equipment Finance scheme, built for MSME contractors in construction and infrastructure work. If it is a genuine construction or mining machine, Canara can usually fund it.
On money, the numbers are honest and roomy. Loans start at ₹10 lakh and stretch up to ₹50 crore for well-rated firms, going as high as ₹100 crore for the top-rated ones. You repay over 36 to 60 EMIs (3 to 5 years), and your own share of the cost — the margin — sits between 5% and 20%, so even a small business can come in. Interest stays competitive and is set by the bank on your profile. In plain words: you get the machine now, keep your cash free for diesel, wages and repairs, and let the machine slowly pay for itself. Want to weigh other lenders too? Compare Tata Capital and Axis Bank on our finance page.
Loan amounts, interest rates and tenures shown here are indicative and are decided by Canara Bank based on your profile. Please confirm the latest terms with the bank or our finance desk before you apply.
Canara Equipment Finance offers structured term loans and pre-approved Lines of Credit (LoC) only for construction contractors. This ensures quick funding that meets the needs of operations in the EPC and infrastructure sectors.
Financing ranges from ₹10 Lakhs to ₹100 Crores, based on client credit ratings. BBB/CNR VI-rated companies can access up to ₹50 Cr, while AAA/CNR V-rated companies can obtain higher amounts up to ₹100 Cr.
The facility is for MSMEs involved in construction for over two years. It supports both new and current clients, ensuring continuity and growth for established businesses in infrastructure projects.
The borrower’s contribution (margin) ranges between 5% and 20%, making the scheme flexible for both small and large businesses.
Wondering what your monthly EMI will be? Slide the values below and watch it change on its own. As a rough example, a ₹30 lakh loan at around 11% for 5 years works out to roughly ₹65,000 a month. Adjust the amount, down payment or tenure and the figure updates instantly — no maths on paper. This is only a guide; for the exact number on your case, send us the details and we’ll confirm it with Canara Bank.
You do not need to be a large company to qualify here. Canara Bank lends to individuals, proprietorships, partnership firms, companies and registered contractors working in construction and infrastructure — though pure trade suppliers are kept out of this particular scheme. The main thing the bank checks is simple: has your business run for at least two years, are your accounts with the bank clear of overdues, and are your papers in order? Both new and existing customers can apply. If you are not sure whether you tick these boxes, just talk to our team first — we check for you before you spend time on any paperwork.
PAN, Aadhaar, passport, voter ID, utility bills
GST, trade license, incorporation docs, 2–3 years ITR/audited statements
6–12 months, for CGTMSE/BEML schemes
A proforma invoice or valuation certificate for new or used construction equipment is required.
Hypothecation, insurance, asset registration
Applying does not have to be a headache, and you are not doing it alone. You pick the machine, our team handles the finance paperwork, and Canara Bank does the approval. That is the whole path from “I need a machine” to “keys in hand” — most complete files move in just a few working days. Call us on +91 90 5147 5147 or write to hello@desimachines.com and we take it from there.
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.
Canara Bank finances a variety of new heavy-duty and earth-moving machines. This includes excavators, backhoe loaders, transit mixers, cranes, dumpers, pavers, rollers, compactors, and other equipment related to infrastructure or construction. Only brand-new machinery qualifies under this scheme.
You can get funding of up to ₹50 crore if you’re rated BBB or BB. For clients rated AAA or AA, the limit is up to ₹100 crore. Under the special BEML-linked equipment finance scheme, you can access up to ₹300 crore, depending on eligibility and assessment.
Registered MSME contractors who have been in business for over 2 years and have clean credit with no overdue loans can apply. The line of credit option needs satisfactory transactions for at least a year.
You will need to contribute 5% to 20% of the total equipment cost. The exact amount depends on the borrower’s risk profile, the type of equipment, and Canara Bank’s internal risk assessment.
The interest rate is tied to the bank’s current Repo Linked Lending Rate (RLLR). Usually, the rate falls between RLLR and RLLR + 0.70%. This depends on the borrower’s credit rating and risk profile. This approach guarantees clear and competitive pricing.
Yes, the equipment being financed serves as the main security. Extra collateral may be needed based on the loan amount and the borrower’s creditworthiness, according to Canara Bank’s lending policies.
Contractors buying BEML equipment; loan starts from ₹20 lakh up to ₹300 crore, with CGTMSE support for ≤₹2 Cr.
No — financing is available only for brand-new machinery like JCBs, cranes, pavers, rollers, excavators, and more.
Check Canara Bank 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.
