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HDFC Bank, one of India’s leading private sector banks, is known for its wide portfolio of financial services, digital-first approach, and deep-rooted presence in both urban and rural markets. With over 7,500 branches and a reputation built on trust, HDFC Bank offers a wide range of lending products for retail, SME, and corporate customers across India.
For businesses and individuals in the construction and infrastructure sector, HDFC Bank provides tailor-made Construction Equipment Loans to support the purchase of new and used machinery. The bank covers financing for excavators, backhoe loaders, graders, wheel loaders, cranes, compactors, and various other construction and mining equipment. The loans are structured to include high LTV (Loan-to-Value) ratios, attractive interest rates, and customizable repayment plans.
With easy documentation, fast processing, and optional insurance bundling, HDFC Bank ensures a seamless experience from application to disbursal. The bank also supports refinancing of existing equipment and offers flexible tenures that align with business cash flows—making it a trusted choice for contractors, builders, fleet owners, and infrastructure developers.
Calculate your loan EMI in 3 easy steps. Use EMI calculator to estimate your EMI and total amount payable.
HDFC Bank’s Construction Equipment Loan is available to contractors, fleet operators, plant hirers, builders, mining operators, and SMEs involved in infrastructure or construction projects. Applicants must demonstrate a stable source of income, provide basic KYC documents, and meet credit and equipment eligibility criteria.
PAN card, Aadhaar card, passport, voter ID, or driver’s license and latest passport size photographs.
Recent utility bills, Aadhaar, passport, or driving license with current address.
Bank statements for the last 6 months, ITRs, audited financials (for businesses).
GST registration, firm registration, MOA/AOA (for companies), or other business ownership documents.
Pro forma invoice for new equipment or certified valuation for used machinery.
Loan track records and foreclosure letters for refinancing requests.
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.
HDFC Bank Construction Equipment Loan is a specialized financing solution designed to help businesses purchase new, used, or refinanced construction machinery such as excavators, cranes, backhoe loaders, concrete mixers, and road rollers, with up to 100% funding.
Under HDFC Bank Construction Equipment Loan, you can finance a wide range of machinery including earthmoving equipment (like backhoe loaders and excavators), concrete equipment (such as mixers and batching plants), road equipment (like rollers, compactors, and pavers), and material handling equipment (such as cranes and forklifts).
Yes, HDFC Bank Construction Equipment Loan allows you to purchase both new and used equipment, as well as refinance existing machinery to support your business needs.
The interest rate for HDFC Bank Construction Equipment Loan typically ranges from 8.25% to 15.52% (IRR), with an average APR around 9.9%, depending on the borrower’s profile, equipment type, and loan amount.
You can get up to 100% financing of your equipment’s cost under the HDFC Bank Construction Equipment Loan, with the actual loan amount depending on your business profile.
The repayment tenure for HDFC Bank Construction Equipment Loan generally ranges from 24 to 60 months (2 to 5 years), giving borrowers flexible EMI options to suit their cash flow.
To avail HDFC Bank Construction Equipment Loan, the applicant must be aged between 21 and 65 years, should have a business operational for at least two years, possess stable financials, and maintain a good credit history.
To apply for HDFC Bank Construction Equipment Loan, you need to submit KYC documents (like PAN and Aadhaar), business financials (ITRs, bank statements), and equipment-related documents such as quotes or ownership proof for used or refinanced machiner
Under HDFC Bank Construction Equipment Loan, the financed equipment typically serves as collateral, and while insurance is not always mandatory, it is strongly advised to secure your investment against risks like theft or damage.
The processing fee for HDFC Bank Construction Equipment Loan is up to 1.5% of the loan amount. Other charges may include stamp duty, asset verification, legal fees, foreclosure/prepayment charges (2%–4%), and late payment penalties.
HDFC Bank Construction Equipment Loan is typically processed and disbursed within 7 working days after submitting all required documents, and you can apply either online or at a branch.
Yes, you can pre-pay or foreclose your HDFC Bank Construction Equipment Loan after 6 months of disbursement. Prepayment charges may apply depending on your tenure and profile.
Yes, HDFC Bank Construction Equipment Loan allows refinancing of existing construction equipment, making it easier to access working capital or upgrade machinery.
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