Excavator 
Backhoe Loader 
Motor Grader 
Wheel Loader 
Crane 
Concrete Mixer 
Compactor 
Skid Steer Loader 
Concrete Pump 
Telehandler 
Loan amount
₹10 L – ₹100 Cr
New or used machines · quick approvals · EMIs that fit your cash flow. We help you from enquiry to keys-in-hand.
An SBI construction equipment loan helps you buy machines like excavators, backhoe loaders, cranes, tippers and compactors — new or second-hand. You can borrow from ₹10 lakh up to ₹100 crore, repay over up to 6 years (72 months), and interest usually falls around 10%–11.5% a year depending on your profile. SBI funds about 80% of the machine cost; you arrange the rest. Individuals, contractors and companies can all apply. Tell us your machine and city, and the Desi Machines finance desk will help you get the loan moving — no long queues, no confusing paperwork.
Buying a machine is a big decision. A good excavator or crane can cost as much as a house, and very few businesses want to pay all of that in one go. This is where the State Bank of India (SBI) comes in. As the country’s largest public sector bank, SBI has been lending to builders, contractors and transporters since 1955, and it runs branches in almost every district — small towns included. So even if your worksite is far from a big city, there is usually an SBI branch nearby that understands equipment finance.
An SBI construction equipment loan is money the bank gives you to buy a machine. You use the machine to earn, and you repay the loan in easy monthly instalments (EMIs) out of that income. The machine itself acts as the security for the loan, so you don’t always need to pledge extra property. SBI funds both brand-new machines and good used ones, which is a big help if you are just starting out and a second-hand backhoe fits your budget better.
What can you finance? Almost anything that does real work on a site — excavators, backhoe loaders, wheel loaders, cranes, compactors and road rollers, concrete mixers, motor graders, tippers, crushers, generators and material-handling equipment. It does not matter whether the exact model is listed on Desi Machines or not — if it is a genuine construction or mining machine, SBI can usually fund it.
For most people the loan runs from ₹10 lakh to ₹100 crore, with repayment stretched up to 6 years. Interest is linked to SBI’s benchmark rate and usually sits around 10%–11.5% per year. Pay your EMIs on time and SBI even gives a small rate rebate as a thank-you. In plain terms: you get the machine now, keep your cash free for fuel, wages and running costs, and let the machine pay for itself month by month. Prefer a private lender instead? You can also compare HDFC Bank, Bajaj Finserv and other options on our finance page, or protect your machine with SBI General Insurance.
Loan amounts, interest rates and tenures shown here are indicative and are decided by SBI based on your profile. Please confirm the latest terms with the bank or our finance desk before you apply.
SBI provides financing up to ₹100 crore for construction and mining equipment, making it ideal for large infrastructure and industrial projects. Loans start from ₹10 lakh.
Finance is available for both brand-new and used machinery, including excavators, loaders, and tippers. Refurbished equipment is funded based on valuation and age.
Interest rates are linked to the external benchmark lending rate (EBLR) and typically range from 10% to 11.5%, depending on the borrower’s profile and asset type.
Repayment tenure extends up to 72 months for new equipment and 36–48 months for used machinery, with options like structured EMIs or bullet repayments.
SBI allows inclusion of equipment insurance premiums in the loan amount, ensuring safety without upfront expense.
Get up to 0.10% annual rate concession for timely EMI repayment, encouraging disciplined borrowing and reducing long-term loan cost.
Not sure what your monthly EMI will be? Slide the values below to see it instantly. For example, on a ₹40 lakh loan at 10.5% for 5 years, your EMI works out to roughly ₹86,000 a month. Change the amount, down payment or tenure and the number updates on its own — no maths needed. Want the exact figure for your case? Send us the details and we’ll confirm it with SBI.
You do not need to be a big company to qualify. SBI lends to individuals, contractors, proprietors, partnership firms and companies working in construction, mining, earthmoving, road work or transport. What the bank really looks at is simple: do you have a few years of work behind you, is there steady income to cover the EMI, and is your credit record clean? First-time buyers can also apply, usually with a little more margin or a guarantor. If you are unsure whether you qualify, just talk to our team — we check for you before you spend time on paperwork.
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.
GST registration, partnership deed, company incorporation certificate, or trade license.
Last 2–3 years’ ITRs, audited financial statements, or bank account statements to establish repayment ability.
Pro forma invoice or valuation report of the equipment to be financed, whether new or used.
Details of hypothecation, insurance premium, and existing machinery for asset-backed loan processing.
Applying is easier than most people think, and you don’t have to figure it out alone. You pick the machine, we help with the finance paperwork, and SBI does the approval. Here is the simple path from “I need a machine” to “keys in hand” — most complete files move in just a few working days.
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.
SBI Construction Equipment Loan is a term loan or deferred-payment facility offered by the State Bank of India to help customers purchase construction machinery such as backhoe loaders, excavators, wheel loaders, motor graders, concrete plants, tower cranes, and forklifts.
SBI Construction Equipment Loan covers a wide range of machinery including earthmoving equipment like backhoe loaders, hydraulic excavators, wheel loaders, motor graders, skid steer loaders, and dumpers, as well as concrete equipment such as transit mixers, concrete pumps, and batching plants, in addition to road machinery, material handling equipment, and processing units like crushers and screens.
SBI Construction Equipment Loan is available to both existing SBI customers and new borrowers operating in construction, EPC, or mining sectors, provided they have a stable cash flow, a satisfactory banking history, at least 3 years of business experience, and meet the minimum collateral and income tax compliance requirements.
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 avail SBI Construction Equipment Loan, applicants are generally required to bring in a margin of 20% of the equipment cost, and in many cases, provide collateral amounting to at least 25% of the loan value, depending on the loan structure and risk profile.
The tenure for SBI Construction Equipment Loan can go up to 72 months (6 years), although in some scenarios the maximum term may be limited to 48 months depending on the equipment type and applicant’s financials.
SBI Construction Equipment Loan interest rates are generally linked to the bank’s base rate or External Benchmark Rate (EBS), where MSMEs are charged repo rate plus a spread of around 2.65%, and other borrowers are offered rates based on 6-month MCLR, typically ranging between 10.3% to 11.3% annually.
SBI Construction Equipment Loan involves processing fees of approximately ₹25,000 per equipment, capped at ₹3 lakh per equipment, along with other applicable charges such as valuation, documentation, legal fees, and insurance; prepayment penalties may apply based on tenure and borrower type.
To apply for SBI Construction Equipment Loan, borrowers must submit an application form, KYC documents like PAN and Aadhaar, proof of business such as ITRs and financial statements for the past two years, equipment quotations or proforma invoices, and bank statements or proof of ongoing contracts.
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.
Yes, under SBI Construction Equipment Loan, the machinery being purchased is hypothecated as the primary security, and in most cases, the bank funds up to 80% of the invoice value, with the equipment serving as the main collateral.
Yes, SBI provides funding for used machinery depending on its condition, age, valuation, and your business credibility.
For individuals, there are no prepayment penalties. For businesses, prepayment within the first two years may attract up to 4% charges.
SBI offers EMI-based repayment, bullet repayments, and structured EMIs linked to project cash flows or seasonal income patterns.
Check State Bank of India 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.
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Raigad
Beed
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Ratnagiri
Satara
Nanded
Akola
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Gandhinagar
Surat
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Rajkot
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Jamnagar
Mundra
Kutch
Vapi
Anand
Mehsana
Morbi
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Amreli
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Alang
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Gandhidham
Panaji
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Calangute
Mormugao
Chennai
Coimbatore
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Hosur
Salem
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Tiruppur
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Ranipet
Chengalpattu
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Mysuru
Hubballi-Dharwad
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Ballari
Hospet
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Chitradurga
Raichur
Kolar
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Kalaburagi
Bidar
Koppal
Vijayapura
Chamarajanagar
Visakhapatnam
Vijayawada
Amaravati
Guntur
Tirupati
Nellore
Kurnool
Kadapa
Anantapur
Rajahmundry
Kakinada
Eluru
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Bheemunipatnam
Machilipatnam
Proddatur
Hindupur
Srikalahasti
Nandyal
Hyderabad
Warangal
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Nizamabad
Khammam
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Sangareddy
Nalgonda
Adilabad
Suryapet
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Zaheerabad
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Medak
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Kochi
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Thrissur
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Idukki
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Lucknow
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Varanasi
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Mathura
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Tonk
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Ludhiana
Amritsar
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Moga
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Sirsa
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Solan
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Kullu
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Una
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Rampur
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Hamirpur
Sirmaur
Kinnaur
Dehradun
Haridwar
Rishikesh
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Haldwani
Kashipur
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Champawat
Pithoragarh
Bageshwar
Chamoli
Uttarkashi
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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
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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.
