Yes Bank Construction Equipment Loan is a specialized finance product from Yes Bank, a leading private sector bank in India known for its robust infrastructure, SME, and corporate lending. Built on a digital-first and client-focused framework, Yes Bank provides seamless access to credit for businesses involved in construction, mining, and allied sectors. With branches nationwide and a streamlined application process, the bank ensures contractors, builders, and mining professionals can acquire essential heavy machinery—such as excavators, cranes, and loaders—without delays or capital hurdles.
This Construction Equipment Loan offers up to 95% financing on equipment cost, competitive interest rates, and flexible EMI options up to 72 months. The scheme features minimal down payment, simplified documentation, and fast approvals, with eligibility criteria typically requiring a minimum of two years in business and a sound banking history. Additional benefits include customized EMI structures and low processing fees, making it ideal for scaling operations through a loan for construction and mining equipment.
Designed to support businesses of all sizes, Yes Bank’s Commercial Vehicle & Construction Equipment Loan empowers infrastructure growth with capital-efficient solutions. Whether procuring new or used machinery, clients benefit from reduced working capital strain and enhanced operational readiness, marking it a strategic financing choice in the construction domain.
Calculate your loan EMI in 3 easy steps. Use EMI calculator to estimate your EMI and total amount payable.
To be eligible for a Yes Bank Construction Equipment Loan, applicants must have at least 2 years of business experience, a valid credit profile, stable income, and proper documentation. This construction equipment loan suits contractors, builders, and mining firms seeking quick, flexible financing for new or used heavy machinery.
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 of business location.
Submit GST certificate, company registration, partnership deed, or incorporation certificate for legal business confirmation
Provide last two years’ audited ITRs, profit & loss statements, and six-month bank statements .
Submit official proforma invoice or quotation detailing machinery specs and cost for loan eligibility
Provide hypothecation agreement or collateral documents if required for higher-value equipment finance.
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A Yes Bank Construction Equipment Loan is a tailored financing solution that allows individuals, contractors, and businesses to purchase new or used equipment—such as excavators, loaders, and cranes—essential for construction and infrastructure projects
Eligible applicants include individuals, proprietorships, partnerships, private or public limited companies, contractors, mining operators, and infrastructure developers with a stable income and satisfactory credit history .
Yes Bank finances a wide variety of construction equipment including excavators, backhoe loaders, wheel loaders, cranes (such as crawler, hydraulic, and tower cranes), compactors, rollers, concrete mixers, boom placers, motor graders, dozers, and pavers.
Yes Bank offers competitive interest rates, typically based on the external benchmark lending rate (EBLR) plus a margin; processing fees are also applicable
Yes Bank offers flexible repayment options with tenures ranging from 12 months to 72 months, depending on the borrower’s repayment capacity and the nature of the equipment.
You can finance up to 95–100% of the equipment cost, subject to approval, with repayment tenures extending up to 60 months
Applicants must submit KYC (PAN, Aadhaar), address proof, income tax returns (last 2–3 years), bank statements (typically last 6 months), audited financials (for firms), company registration documents, GST registration, a pro forma invoice or quotation for the equipment, and Dated Cheques or ECS mandate for repayment .
The financed equipment itself serves as primary collateral (hypothecation), and in certain cases the bank may request additional collateral or a personal guarantee. GPS tracking may be installed for asset monitorin.
Yes, Yes Bank finances used construction equipment, typically up to an age of 5–7 years, depending on the asset’s condition and valuation .
Yes, a processing fee is applicable and typically ranges between 1% to 2% of the loan amount, plus applicable taxes. The exact charges are disclosed during the loan application process.
Yes, existing customers with a good repayment track record can apply for a top-up loan or refinance their existing construction equipment loans. Balance transfer options are also available for eligible borrowers.
Yes Bank generally processes and disburses applications within 3–7 working days once all required documentation is submitted and verified .
Yes, borrowers can prepay or foreclose the loan. Prepayment charges may apply, especially if opted for fixed-rate; for floating-rate loans, charges may vary .
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