IDFC FIRST Bank, established through the 2018 merger of IDFC Bank and Capital First, is a well-known private sector bank located in Mumbai. The bank focuses on retail and MSME lending. It has become a top machinery finance company, offering tailored solutions for industries like construction, infrastructure, healthcare, and manufacturing. With strong credit ratings and an extensive branch and digital network, the bank sets itself apart from other equipment financing companies by providing reliable and transparent finance for equipment and machinery loans.
The bank’s construction equipment loan program aims to support businesses that need equipment financing for growth. This program includes a wide range of heavy and light machinery, such as excavators, backhoe loaders, cranes, forklifts, and road rollers. Businesses can access financing from INR 5 lakh to INR 1 crore, with tenures of up to 7 years and loan-to-value (LTV) ratios reaching 100%. IDFC FIRST helps businesses invest in necessary tools with confidence. This finance package is ideal for contractors, public works agencies, and SMEs looking for heavy equipment loans.
In addition to construction machinery, IDFC FIRST Bank offers strong machinery loans and finance for machinery through its equipment and machinery loan solutions. These options are available for both new and used machinery needs, serving manufacturers, printers, packaging units, and plastic molders. Financing amounts can reach up to INR 10 crore, with flexible tenures of up to 10 years, minimal documentation, and some collateral-free options up to INR 3 crore. The bank has established itself as a leading provider of equipment loans and construction machinery finance. With interest rates starting around 9%, clear fee structures, and a smooth digital and relationship-based approach, IDFC FIRST Bank addresses the needs of growing businesses in search of dependable equipment financing solutions.
