Excavator 
Backhoe Loader 
Motor Grader 
Wheel Loader 
Crane 
Concrete Mixer 
Compactor 
Skid Steer Loader 
Concrete Pump 
Telehandler 
Loan amount
Up to 100% fund
New or used machines · quick approvals · EMIs that fit your cash flow. We help you from enquiry to keys-in-hand.
A Punjab National Bank (PNB) construction equipment loan helps you buy machines like excavators, backhoe loaders, wheel loaders, motor graders and transit mixers — new or used. Through its Nirmata and Seva MSME schemes, PNB can fund up to 100% of the machine cost subject to margin, with repayment over 5 to 7 years. Interest is tied to the bank's RLLR and usually lands between 9.50% and 11.50% a year. Individuals, contractors, partnerships and companies can all apply. Tell us your machine and city, and the Desi Machines finance desk will get your loan moving — no long queues, no confusing paperwork.
Most contractors and fleet owners in small towns know the feeling. A new excavator or crane can cost as much as a small house, and paying the full amount at once dries up the cash you need for diesel, spares and wages. This is exactly the gap a Punjab National Bank (PNB) equipment loan is built to fill. PNB is one of India’s oldest and largest public sector banks, and over the years it has put real weight behind roads, infrastructure and MSME lending — so a bank clerk in a district branch usually understands what a backhoe or a transit mixer actually does for your business.
Under its MSME schemes named Nirmata and Seva, PNB lends money to buy construction and mining machines. You run the machine, earn from it, and pay the loan back in easy monthly instalments (EMIs) from that income. The equipment itself is kept as security through hypothecation, so in many cases you do not have to pledge extra land or property. PNB funds both brand-new machines and sound second-hand ones, which is a real help when a good used loader fits your budget better than a new one.
So what can you put on finance? Almost any machine that does honest work on a site — excavators, backhoe loaders, wheel loaders, motor graders, cranes, transit mixers, tippers and more. It does not matter if the exact model is listed on Desi Machines or not. If it is a genuine construction or mining machine, PNB can usually arrange the funding under its equipment and commercial-vehicle loan packages.
The numbers are contractor-friendly. PNB can finance up to 100% of the machine cost subject to margin, with repayment stretched over 5 to 7 years to match how a project earns. Interest is linked to the bank’s RLLR (Repo Linked Lending Rate) and usually falls between 9.50% and 11.50% a year, depending on your profile. MSMEs may also get subsidised rates under government-linked schemes. In plain words: you take the machine home now, keep your cash working, and let it pay for itself. Want to weigh other lenders first? Compare ICICI Bank and Bajaj Finserv on our finance page before you decide.
Loan amounts, interest rates and tenures shown here are indicative and are decided by Punjab National Bank based on your profile. Please confirm the latest terms with the bank or our finance desk before you apply.
PNB offers equipment loans to all major MSME sectors like partnerships, LLPs, companies, builders, and cooperative sectors that are in the construction sector.
Finance is available for raw materials, marketing, and fixed assets, like purchasing equipment, land, factory buildings, and commercial vehicles.
Punjab National Bank equipment finance offers diverse options for the borrowers. Customers can choose between cash credit, a term loan, or a composite loan depending on their business needs.
PNB charges interest based on RLLR (Repo Linked Lending Rate). The current effective rate typically ranges between 9.50% and 11.50% p.a., depending on risk profile.
Special schemes and subsidized interest rates may apply for MSMEs and contractors under government-linked infrastructure or priority lending programs.
PNB charges interest based on RLLR (Repo Linked Lending Rate). The current effective rate typically ranges between 9.50% and 11.50% p.a., depending on risk profile.
Wondering what your monthly EMI will look like? Slide the values below and it shows up right away. As an example, on a ₹35 lakh loan at 10.5% for 6 years, the EMI comes to roughly ₹65,500 a month. Change the loan amount, down payment or tenure and the figure updates on its own — no maths on your side. Want the exact number for your case? Send us the details and we’ll confirm it with Punjab National Bank.
You don’t need to run a large firm to qualify. PNB lends to individuals, proprietors, partnerships, private limited companies and contractors working in civil construction, mining, earthmoving, road work, transport or equipment leasing. The bank mainly looks at simple things: do you have a couple of years of work behind you (two years is usually preferred), is there steady income and turnover to cover the EMI, and is your credit record clean? Valid business papers help the file move faster. If you are not sure whether you qualify, just talk to our team on hello@desimachines.com — we check for you before you spend time gathering 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).
Getting the loan is simpler than most people fear, and you don’t have to sort it out on your own. You pick the machine that fits your work, we handle the finance paperwork with you, and PNB does the approval. That’s the full path from “I need a machine” to “keys in hand” — most complete files move in just a few working days. Stuck on any step? Call our finance desk on +91 90 5147 5147 and we’ll walk you through it.
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.
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.
Check Punjab National 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.
