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IIFL Finance is a prominent Indian NBFC offering comprehensive financial solutions across retail, MSME, and enterprise segments, supported by over 3,000 service locations nationwide. Specializing in asset-backed lending, IIFL’s Equipment & Machinery Loan is tailored for contractors, manufacturers, infra developers, and SMEs looking to acquire or upgrade construction equipment without straining their working capital.
With this loan, borrowers can finance a wide array of machinery, including excavators, loaders, batching plants, cranes, road rollers, and industrial processing equipment, under a hypothecation model that eliminates the need for external collateral. The loan-to-value ratio is high, allowing businesses to fund a substantial portion of the equipment cost. Interest rates are competitive and fixed, typically ranging between 8% and 30% p.a., based on the borrower’s credit profile, equipment type, and loan amount.
IIFL’s Equipment Loan stands out due to its minimal documentation—customers need only basic KYC, business proof, and bank statements for the past 6–12 months. The eligibility criteria include business vintage (usually ≥6 months), minimum turnover, and a solid CIBIL score. Loans are processed swiftly—many approved within 48 hours when documents are in order. Flexible repayment tenures are available (typically 12–60 months), enabling aligned EMIs and preserving liquidity. This end-to-end transparent and fast process makes IIFL a reliable choice for businesses seeking efficient equipment financing.
Calculate your loan EMI in 3 easy steps. Use EMI calculator to estimate your EMI and total amount payable.
IIFL provides Construction Equipment Loans to contractors, small business owners, builders, fleet operators, and SMEs engaged in infrastructure or mining projects. Applicants must show stable income, valid KYC documents, and ownership or partnership in a business.
Aadhaar card, PAN, passport, voter ID, or driving license.
GST registration, trade license, or firm incorporation certificate.
Last 6 months’ bank statements, latest ITRs, or audited financials.
Dealer quotation or proforma invoice for the equipment being financed.
Equipment being financed is hypothecated; other security may be asked in certain cases.
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 backhoe loaders, tippers, excavators, cranes, tractors, and other construction machinery.
Yes—based on eligibility, IIFL offers up to 100% funding on selected equipment models.
Yes—IIFL offers a fully digital application and approval process via their website and mobile app.
Yes—IIFL provides loans for pre-owned and refurbished construction equipment after evaluation.
Disbursal usually happens within 3–5 working days, depending on document submission.
Absolutely—refinance and balance transfer options are available with competitive terms.
Yes—insurance can be bundled into your EMI for asset protection throughout the tenure.
Loan repayment tenure can go up to 60 months, depending on the equipment and borrower profile.
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