Excavator 
Backhoe Loader 
Motor Grader 
Wheel Loader 
Crane 
Concrete Mixer 
Compactor 
Skid Steer Loader 
Concrete Pump 
Telehandler 
Loan amount
Up to 95% funding
New or used machines · quick approvals · EMIs that fit your cash flow. We help you from enquiry to keys-in-hand.
An ICICI Bank construction equipment loan helps you buy machines like excavators, backhoe loaders, cranes and compactors — new or used. The bank funds up to 95% of the invoice value, so you pay only a small part upfront, and you repay over 12 to 60 months. Interest is flat-rate, usually around 9%–17% a year, based on your tenure and profile. Individuals, contractors, firms and companies can apply, and refinance or balance transfer is available too. Tell us your machine and city, and the Desi Machines finance desk will get your ICICI loan moving quickly.
Say you have found the right machine but not the full price sitting in your account. That gap is exactly what an ICICI Bank construction equipment loan is built to close. ICICI Bank started in 1994 and grew into one of India’s largest private banks, with more than 6,600 branches spread across the country. It is known for quick, digital-first work, so a lot of your loan can move without you making round after round to a branch.
The idea is simple. The bank pays for most of the machine now, you put in a small part, and then you repay the rest in monthly instalments (EMIs) from the money the machine earns. ICICI funds up to 95% of the invoice value, which means very little cash goes out of your pocket on day one. The machine itself is hypothecated to the bank as security, so in most cases you do not have to pledge your land or house separately.
What can you put on finance? Pretty much any serious site machine — excavators, backhoe loaders, wheel loaders, cranes, compactors and road rollers, concrete mixers, tippers, and mining or material-handling equipment. Both brand-new and good second-hand machines are covered, and ICICI also does refinance and balance transfer, so if you are already carrying a costly old loan you can shift it here for better terms.
Tenure runs from 12 to 60 months, so you can match your EMIs to how your projects and payments come in. Interest is on a flat-rate basis tied to the scheme you pick, usually somewhere between 9% and 17% a year depending on your tenure and profile. You can repay through ECS, NACH, auto-debit or post-dated cheques, whatever is easiest for you. Want to weigh other options first? Compare Bajaj Finserv and Tata Capital on our finance page, and protect the machine with ICICI Lombard once it is yours.
Loan amounts, interest rates and tenures shown here are indicative and are decided by ICICI Bank based on your profile. Please confirm the latest terms with the bank or our finance desk before you apply.
Provides up to 95% financing for equipment cost, reducing upfront investment and easing cash flow for contractors and businesses.
Finances a broad spectrum including excavators, concrete mixers, cranes, loaders, mining and material handling equipment.
Loan tenure ranges from 12 to 60 months, allowing borrowers to align EMIs with project timelines and revenue inflows.
Flat-rate interest offers predictable EMI structure; actual rate varies based on credit profile and repayment period.
Hassle-free process with minimal documentation, doorstep application, and prompt approvals, ideal for time-sensitive machinery needs.
Borrowers can refinance existing Equipment Financing or opt for balance transfer with attractive terms for legacy assets.
Wondering what the monthly EMI comes to? Slide the values below and see it right away. As an example, a ₹30 lakh loan at 12% over 4 years works out to roughly ₹79,000 a month. Change the amount, down payment or tenure and the figure updates on its own — no maths in your head. Want the exact number for your case? Send us the details and we’ll confirm it with ICICI Bank.
You do not need to run a large company to qualify. ICICI Bank lends to individuals, proprietorships, partnership firms, companies, contractors, mine owners and equipment hirers. The main things the bank looks at are straightforward: at least two years in a related business, a clean credit record, and enough steady income to cover the EMI comfortably. If you already have a costly loan running, you may also qualify for refinance or balance transfer. Not sure where you stand? Just talk to our team first — we check your case before you spend time gathering papers.
PAN card, Aadhaar, voter ID, passport, or driving license and lates passport size photographs for identity verification.
Utility bill, Aadhaar, passport, voter ID, or rent agreement showing current residence or business location.
Registration certificate, partnership deed, Udyam/URC (for MSME classification).
Bank statements, ITRs or audited financials of last two years.
Proforma invoices, supplier quotations, and Registration Certificate (RC) with hypothecation.
Equipment hypothecation documents; guarantee or charge creation forms as applicable.
You do not have to sort this out on your own. You pick the machine, we handle the finance paperwork, and ICICI Bank does the approval. Because a lot of ICICI’s process is digital and doorstep-friendly, most complete files move in just a few working days. Here is the plain path from “I need a machine” to “keys in hand” — no confusing forms, no long branch queues.
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.
ICICI Bank Equipment Loan covers a wide range of construction, earthmoving, and mining equipment. Eligible machinery includes excavators, backhoe loaders, wheel loaders, bulldozers, graders, compactors, crushers, and cranes. These equipment types are commonly used in infrastructure development, road construction, and mining projects, making them fully financeable under the ICICI Bank Construction Equipment Loan scheme.
The interest rate for ICICI Bank Equipment Loan typically ranges from 9.5% to 17.5%, depending on the equipment type, applicant profile, and loan tenure.
ICICI Bank Equipment Loan can be availed by individuals, proprietors, companies, contractors, healthcare professionals, and farmers who have a stable income source and relevant experience in their respective fields.
Under SBI Construction Equipment Loan, the loan amount can range from a minimum of ₹10 lakh (or ₹25 lakh for certain applicants) up to ₹100 crore, depending on the borrower’s profile, business size, and creditworthiness.
To apply for ICICI Bank Equipment Loan, you need to submit KYC documents (like PAN and Aadhaar), bank statements, business proof, income documents, and equipment quotation or invoice.
Yes, ICICI Bank Equipment Loan can also be availed for used or refurbished machinery, subject to equipment valuation and slightly higher interest rates compared to new equipment loans.
For ICICI Bank Equipment Loan, the financed equipment itself is hypothecated as collateral, and a valid insurance policy in the bank’s name is generally required to safeguard the asset.
ICICI Bank Equipment Loan offers flexible repayment tenures ranging from 12 months to 60 months, with options extending up to 84 months for medical and certain farm equipment.
The processing fee for ICICI Bank Equipment Loan is usually up to 2% of the loan amount plus applicable taxes, along with charges for documentation, valuation, and late payment penalties.
The approval timeline for SBI Construction Equipment Loan is typically around 14 working days for loan amounts up to ₹25 lakh, while higher-value loans may take longer based on the complexity of documentation and internal appraisal under SBI’s MSME credit norms.
ICICI Bank Equipment Loan is typically approved within 2 to 5 working days, provided all documents are complete and equipment valuation and verification are done on time.
Yes, ICICI Bank allows prepayment and foreclosure of the Equipment Loan, although foreclosure charges of up to 3% may apply based on the loan type and tenure.
Yes, ICICI Bank Equipment Loan is available for self-employed professionals, small businesses, and MSMEs, provided they meet the income, experience, and documentation criteria.
Check ICICI Bank equipment finance and loan options across all major cities in India including Mumbai, Pune, Kolkata, Hyderabad, Chennai, Bengaluru, Delhi, Ahmedabad, Indore, Jaipur, Guwahati, and 600+ more locations.
Mumbai
Pune
Nagpur
Navi Mumbai
Thane
Nashik
Aurangabad (Chhatrapati Sambhajinagar)
Solapur
Kolhapur
Amravati
Chandrapur
Yavatmal
Latur
Dhule
Ahmednagar
Jalgaon
Raigad
Beed
Wardha
Palghar
Sangli
Ratnagiri
Satara
Nanded
Akola
Buldhana
Ahmedabad
Gandhinagar
Surat
Vadodara
Rajkot
Bhavnagar
Jamnagar
Mundra
Kutch
Vapi
Anand
Mehsana
Morbi
Surendranagar
Amreli
Bharuch
Navsari
Dahej
Alang
Dholera
Gandhidham
Panaji
Vasco da Gama
Margao
Calangute
Mormugao
Chennai
Coimbatore
Madurai
Tiruchirappalli
Hosur
Salem
Tirunelveli
Vellore
Erode
Thoothukudi
Neyveli
Cuddalore
Virudhunagar
Dharmapuri
Krishnagiri
Thanjavur
Tiruppur
Kancheepuram
Ranipet
Chengalpattu
Kanyakumari
Bengaluru
Mysuru
Hubballi-Dharwad
Belagavi
Mangaluru
Davanagere
Ballari
Hospet
Tumakuru
Shivamogga
Chitradurga
Raichur
Kolar
Hassan
Hoskote
Doddaballapura
Kalaburagi
Bidar
Koppal
Vijayapura
Chamarajanagar
Visakhapatnam
Vijayawada
Amaravati
Guntur
Tirupati
Nellore
Kurnool
Kadapa
Anantapur
Rajahmundry
Kakinada
Eluru
Ongole
Srikakulam
Bheemunipatnam
Machilipatnam
Proddatur
Hindupur
Srikalahasti
Nandyal
Hyderabad
Warangal
Karimnagar
Nizamabad
Khammam
Maheshwaram
Sangareddy
Nalgonda
Adilabad
Suryapet
Siddipet
Ramagundam
Mancherial
Peddapalli
Bhadrachalam
Zaheerabad
Narayanpet
Vikarabad
Medak
Kothagudem
Thiruvananthapuram
Kochi
Kozhikode
Thrissur
Kollam
Palakkad
Malappuram
Alappuzha
Kannur
Kasaragod
Kottayam
Idukki
Wayanad
Pathanamthitta
Ernakulam
Aluva
Angamaly
Perumbavoor
Munnar
Ponnani
Lucknow
Kanpur
Varanasi
Prayagraj
Noida
Ghaziabad
Meerut
Jhansi
Aligarh
Moradabad
Gorakhpur
Mathura
Bareilly
Saharanpur
Ayodhya
Mirzapur
Dadri
Muzaffarnagar
Deoria
Kushinagar
Ballia
Sonbhadra
Gonda
Etawah
Jaipur
Jodhpur
Udaipur
Kota
Ajmer
Bikaner
Alwar
Bhilwara
Barmer
Jaisalmer
Pali
Nagaur
Banswara
Dungarpur
Chittorgarh
Sikar
Sawai Madhopur
Tonk
Bundi
Sriganganagar
Ludhiana
Amritsar
Jalandhar
Patiala
Mohali
Bathinda
Hoshiarpur
Moga
Gurdaspur
Pathankot
Firozpur
Rupnagar
Fatehgarh Sahib
Sangrur
Faridkot
Kapurthala
Nawanshahr
Muktsar
Tarn Taran
Fazilka
Gurugram
Faridabad
Panipat
Ambala
Sonipat
Rohtak
Hisar
Karnal
Rewari
Manesar
Panchkula
Bhiwani
Yamunanagar
Jhajjar
Nuh (Mewat)
Sirsa
Kaithal
Kurukshetra
Bahadurgarh
Palwal
Shimla
Manali
Dharamshala
Solan
Baddi
Mandi
Kullu
Bilaspur
Una
Chamba
Kangra
Rampur
Lahaul-Spiti
Hamirpur
Sirmaur
Kinnaur
Dehradun
Haridwar
Rishikesh
Nainital
Roorkee
Haldwani
Kashipur
Rudrapur
Pantnagar
Champawat
Pithoragarh
Bageshwar
Chamoli
Uttarkashi
Almora
Vikasnagar
Kotdwar
Ramnagar
Srinagar (Pauri)
Tehri
Central Vista
Dwarka
Rohini
Narela
Okhla
Tughlakabad
Shahdara
Janakpuri
Badarpur
Uttam Nagar
Saket
Mundka
Burari
Bawana
Kanjhawala
Najafgarh
Deoli
Mehrauli
Vasant Kunj
Mayur Vihar
Srinagar
Jammu
Udhampur
Katra
Anantnag
Baramulla
Sopore
Pulwama
Ganderbal
Bandipora
Kupwara
Kathua
Reasi
Ramban
Doda
Rajouri
Poonch
Kishtwar
Shopian
Kulgam
Leh
Kargil
Drass
Hanle
Chushul
Zanskar
Nubra
Shyok
Khaltse
Dha-Hanu
Nyoma
Mulbekh
Sector 17 (City Core)
Sector 62 (IT Park)
Industrial Area Ph-1
Industrial Area Ph-2
Manimajra
Panchkula Extension
Mohali Phase 8
ISBT 43
Daria
Hallomajra
Rock Garden Area
Sector 82 (Aerocity)
Kolkata
Durgapur
Asansol
Haldia
Siliguri
Kharagpur
Bardhaman
Medinipur
Howrah
Raniganj
Burnpur
Bankura
Kalyani
Purulia
New Town (Rajarhat)
Bidhannagar
Barasat
Malda
Jalpaiguri
Cooch Behar
Bhubaneswar
Cuttack
Rourkela
Sambalpur
Berhampur
Angul
Talcher
Jharsuguda
Sundargarh
Paradip
Koraput
Rayagada
Keonjhar
Bolangir
Kalahandi
Dhenkanal
Baripada
Jajpur
Kendrapara
Puri
Ranchi
Jamshedpur
Dhanbad
Bokaro
Hazaribagh
Deoghar
Giridih
Ramgarh
Dumka
Lohardaga
Gumla
Palamu
Chatra
West Singhbhum
Pakur
Sahibganj
Koderma
Simdega
Godda
Khunti
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Desi Machines is a platform where you can see and compare construction equipment. It showcases images, brochures, features, technical specifications, brand details & dealer information. All these are taken from respective brand websites, brochures, and other public resources. We do not claim ownership of these materials and strive to ensure their accuracy. However, the disparity may happen and we advise users to verify directly with respective brands and dealers. Desi Machines is not liable for any inaccuracies or reliance on the information provided. Use of this website is at your own discretion.
