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Punjab National Bank (PNB) is one of India’s top public sector banks, boasting a century of banking expertise with a focus on infrastructure, engineering, and MSME financing. With a wide branch network and a clear focus on areas like road infrastructure and engineering, PNB is positioned to support businesses that need funds for machinery and capital-intensive equipment. The bank is known for its customized lending options and government-supported initiatives, which help meet the asset demands of both institutions and businesses with strong support and competitive terms.
PNB provides a flexible Construction Equipment Loan through its MSME schemes, such as “Nirmata” and “Seva.” These loans assist in purchasing both new and used equipment, including excavators, cranes, loaders, and transit mixers. The scheme offers up to 100% financing, depending on certain margins, with loan terms ranging from 5 to 7 years to match project timelines. It emphasizes simple documentation, quick disbursal, and asset-based security like hypothecation, making it easier for contractors and fleet operators to access financing for equipment and machinery.
PNB’s Loan for Construction and Mining Equipment and Commercial Vehicle & Construction Equipment Loan packages are designed to support infrastructure and mining businesses. They offer competitive rates based on MSME standards, flexible repayment options that match cash flows, and refinance options. The loans can be arranged as equipment loans, equipment financing, or loans against construction equipment to improve working capital or asset purchases. Whether updating fleets or buying pre-owned equipment, PNB’s financing options provide affordable and scalable solutions that can drive business growth.
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.
PNB offers Construction Equipment Loans to individuals, proprietors, partnerships, private limited companies, and contractors engaged in civil work, construction, mining, transportation, or equipment leasing. Eligibility is based on proven business experience (minimum 2 years preferred), stable income, turnover record, clean credit history, and valid business documents.
PAN card, Aadhaar card, voter ID, or passport for applicant identification.
Utility bill, Aadhaar card, voter ID, rent agreement, or passport confirming current address.
GST certificate, trade license, incorporation documents, 2–3 years of ITRs or audited financials.
Last 6–12 months’ bank statements to assess cash flow and repayment capacity.
A proforma invoice for new machinery or a valuation certificate for used equipment.
Ownership proof of hypothecated equipment, insurance cover, and asset registration (if applicable).
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Punjab National Bank offers Construction Equipment Loans with flexible financing for a wide range of new and used machinery. This includes excavators, cranes, loaders, transit mixers, concrete plants, dozers, graders, rollers, dump trucks, forklifts, crushers, screeners, and compactors. The loans have terms of up to 7 years and feature competitive interest rates, quick disbursement, and asset hypothecation. This makes it a great option for contractors, fleet owners, and infrastructure businesses that need financing to grow effectively.
PNB offers flexible repayment tenures ranging from 3 to 7 years, depending on the equipment and the borrower’s financial profile.
The borrower is typically required to pay 15%–20% of the equipment’s cost, while PNB funds the remaining 80%–85%.
Yes, PNB finances used construction equipment that is properly valued, insured, and in usable condition.
Interest rates are linked to the repo rate. Currently, rates typically range between 9.5% and 11.5%, depending on the credit rating and loan structure.
Yes, MSMEs can apply and may also benefit from lower interest rates or schemes under government credit support initiatives.
Yes, comprehensive insurance with PNB as the hypothecated party is mandatory throughout the loan tenure.
Yes, PNB allows prepayment with applicable charges. The prepayment terms depend on whether the borrower is an individual or a business.
Yes, eligible borrowers can avail of loans under CGTMSE or PMEGP, depending on their business type and project viability.
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