Karur Vysya Bank is one of the leading private-sector banks in India. It has its headquarters in Karur, Tamil Nadu. The bank has a vast network of 840 branches, 2270 ATMs, and cash recyclers. Karur Vysya Bank has adopted modern technology by including mobile banking and internet banking. The bank has grown strongly in financial aspects.
Karur Vysya Bank also offers construction equipment loans among its financial services. This is called KVB Construction Plus It provides tailor-made Construction Equipment loans to support the purchase of new and used machinery. Among the heavy construction equipment, there are excavators, backhoe loaders, graders, wheel loaders, cranes, compactors, and other construction and mining equipment.
The documentation process in KVB is very smooth. The fast processing system, easy repayment schemes, and flexible tenure have made KVB equipment financing very popular. It has been helpful and a trusted choice for contractors, builders, fleet owners, and infrastructure developers.
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Karur Vysya 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.
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, shop license, or other business ownership documents.
A proforma invoice for new equipment or a certified valuation for used machinery.
Loan track records and foreclosure letters for refinancing requests.
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Contractors, builders, fleet operators, plant hirers, mining businesses, and SMEs engaged in infrastructure projects or trading construction materials are eligible, provided they have over two years of profitable operations.
Karur Vysya Bank finances both new and used equipment such as excavators, backhoe loaders, graders, wheel loaders, compactors, cranes, and other construction and mining machines.
Yes, KVB offers financing for both new and pre-owned construction equipment, subject to valuation and eligibility criteria.
The borrower must have a minimum internal rating of KVB BB, which corresponds to a score of 51 or above at the time of loan application.
KVB provides fund-based limits such as SOD-RE and OCC, along with non-fund-based limits like BG (Bank Guarantee), ILC (Inland LC), and FLC (Foreign LC).
Yes, eligible accounts may be classified under Priority Sector Lending as per current RBI guidelines, which could offer interest and regulatory advantages.
You’ll need identity proof, address proof, income proof (bank statements/ITRs), business proof, equipment invoice/valuation, and any existing loan details if opting for refinancing.
KVB is known for its smooth documentation process and quick disbursal, making it a preferred lender for construction equipment financing across India.
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