A well-known financial company, IDBI Bank provides extensive banking and lending services to the corporate, retail, MSME, and agricultural sectors. IDBI, which serves companies in the transportation, infrastructure, and construction sectors, offers specialized equipment finance that is intended for the purchase of new tools, machinery, and construction equipment.
Contractors, SMEs, owners, and businesses can obtain loans from ₹10 lakh to ₹5 crore through the IDBI Equipment Finance program, with repayment terms of up to seven years. With the exception of hypothecating the equipment itself, the plan only requires a 20% margin on the asset cost and no additional collateral. Competitive interest rates are correlated with the lending benchmarks of the bank.
This loan covers a wide range of construction tools, such as forklifts, mixers, earthmoving machines, and other tools that are important for infrastructure projects. IDBI is proud of its simple processes, few forms, and clear rules. IDBI Equipment Finance lets you use your own assets as collateral, so you don’t need to get outside collateral. This makes the plan perfect for contractors and small businesses. In addition, government-backed MSME programs like Mudra and Sanjeevani help first-time borrowers and small contractors even more.
Calculate your loan EMI in 3 easy steps. Use EMI calculator to estimate your EMI and total amount payable.
IDBI Bank’s Construction Equipment Loans are available to individual contractors, sole proprietors, partnership firms, private/public companies, and SMEs engaged in infrastructure or mining-related work. Applicants must show consistent income, a minimum of one year in business, and sound creditworthiness.
PAN card, Aadhaar, passport, voter ID, or driving license.
Utility bills, Aadhaar, or a valid KYC document with address.
GST registration, trade license, firm registration, or incorporation certificate.
Last 6 months’ bank statements, ITRs, or audited balance sheets.
Proforma invoice for new machinery or valuation report for used assets.
Hypothecation of equipment; additional security may be requested for larger loans.
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.
You can finance excavators, cranes, compactors, batching plants, backhoe loaders, and more.
IDBI Bank offers up to 80% of the asset cost, depending on the asset and applicant profile.
Yes, used construction machinery is eligible, subject to age, condition, and valuation approval.
The loan tenure can go up to 72 months for new equipment and slightly lower for used machines.
Yes—customized EMI plans are available to match your income cycle and project payments.
Loan processing is quick; disbursal usually takes 3–5 working days post-documentation.
In most cases, the machinery itself is hypothecated; further collateral may be required for higher-value loans.
Yes, IDBI Bank provides top-up loans and balance transfer options for existing borrowers.
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