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IndusInd Bank, backed by the Hinduja Group, is a leading Indian private sector bank that was founded in April 1994 and provides a broad range of financial services, from wealth management and investment options to retail and commercial banking. With its extensive branch network, strong emphasis on innovation and customer-centricity, and longstanding national presence, the bank has established a solid reputation for dependability and flexible financing options for both small and large businesses.
Businesses looking for JCB loans, excavator loans, machinery loans, construction equipment loans, equipment finance, and used equipment loans can apply for IndusInd Bank’s Heavy Commercial Vehicles & Construction Equipment Loan. By providing financing for both new and used heavy machinery and commercial vehicles up to 90% of the on-road price or market value for used assets, this specialized loan product aims to spur growth. Competitive interest rates, prompt payouts (within 48 hours), adjustable repayment terms up to 59 months, and simple documentation are all advantages for customers.
These loans provide specialized equipment finance solutions that enhance operational efficiency and efficiently manage cash flow, supporting a wide range of heavy equipment, including JCBs, excavators, cranes, and earth-moving machinery. The bank guarantees that both novice users and experienced fleet operators can easily obtain financing thanks to its broad geographic reach and streamlined application procedures. Businesses can invest in necessary machinery without straining their capital thanks to the loan structure, making used equipment loans just as viable as financing new purchases.
Calculating your Machinery Loans EMI has never been easier. Use our Machinery Loans EMI Calculator to input your desired amount, interest rate, and tenure, and view an instant summary of your EMI amounts. You can also simply adjust the amount and tenure to see how it affects your EMI repayments. Grow your business faster with our Machinery Loans EMI Calculator.
Applicants should have a steady income, a good credit history, proof of their ability to repay, and experience operating commercial vehicles or construction equipment. Business stability, ownership of assets, and following industry regulations play important roles in getting loan approval.
Government-issued ID like PAN, Aadhaar, Passport, or Election Card to verify applicant’s identity.
Utility bill, Aadhaar, passport, voter ID, or rent agreement showing current residence or business location.
Certificates, licenses, or registrations validating business existence, ownership, and operational legitimacy for loan processing.
Audited financial statements, bank statements, or GST returns demonstrating income stability and repayment capacity.
Purchase invoice, valuation report, or specifications of machinery or vehicle being financed.
Asset documents or valid insurance policy ensuring loan security against potential risks or defaults.
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.
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IndusInd Bank provides financing for a variety of new and used heavy commercial vehicles and construction equipment. This includes tippers, trucks, trailers, buses, transit mixers, concrete pumps, cranes, backhoe loaders, excavators, wheel loaders, motor graders, compactors, pavers, and other earthmoving and material handling machinery.
IndusInd Bank accepts applications from individuals, MSEs, firms, and companies, including first-time users, subject to income and credit criteria.
For new construction equipment, IndusInd Bank offers interest rates ranging from approximately 9.77% to 16.84%, averaging around 10.5% to 10.8%. For used equipment loans, rates generally range from 10.5% to 19.8%.
IndusInd Bank provides up to 90% of the on-road price for new vehicles and up to 90% of the market value for used commercial vehicles and construction equipment.
IndusInd Bank offers flexible repayment tenures of up to 59 months, allowing borrowers to choose terms that suit their needs.
IndusInd Bank typically disburses approved loans within 48 hours, ensuring quick access to funds for machinery investments.
IndusInd Bank generally treats the financed equipment itself as collateral, and the loan can also include funding for insurance coverage
Yes, IndusInd Bank provides flexible EMI options such as ballooning, front-loaded, rear-loaded, or seasonal structures to match the borrower’s cash flow.
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