Close
Construction Equipment Loan

Construction Equipment Loan

Flexible loans for your construction equipment and material handling requirements

Construction Equipment

Thank you for your interest in YES BANK’s Construction Equipment Product. Our representative will get in touch with you shortly

You may be eligible for a pre approved loan.
Login to NetBanking

  • Bookmark

YES BANK offers quick and easy Construction Equipment loans for the requirements of units in the Construction Equipment and Material Handling space. Our range of offerings are tailored to suit all customer needs.

Eligibility

  • Individuals / Partnerships firms/ Companies with more than two years business experience
  • Captive customers, hirers, Contractors and Mine Owners

Eligible Criteria for borrowers

  • Individuals ,Proprietary concerns, Partnership firms, Companies (Private & Public), Trusts (Private Trusts), Limited Liability Partnerships with more than two years business experience. Customer classifications
  • Captive customers, Plant Hirers, Contractors and Mine Owners

Contacts

List of co-ordinates pan India

Schedule Of Charges

 

 

key attractions

FINANCIER STATUS

Preferred financier status with all Indian and global manufacturers

LOANS UPTO 90%

Loans up to 90% of equipment price.

FLEXIBLE SOLUTIONS

Flexible financing solutions to meet individual requirements

features & benefits

All types of funding

Funding for all types of equipment in construction and material handling equipment

Documentation processes

Simple documentation processes

60 months repayment

Repayment tenure up to 60 months

Quick response

Quick turnaround time

Reach

Present in 32 locations

Relationship managers

Experienced team of Relationship Managers

X

what would you like to do next?

Downloads
Documents
Find a Branch

Documents Required

  • PAN card (I & S)

  • Ration Card (with physical verification of address) (I & A)

  • Valid Driving License  (Complete ISA)

  • Valid Passport  (Complete ISA)

  • Pan Intimation Letter

  • Voter’s ID card (I & A)

  • Utility Bill (Electricity /Telephone/Mobile (original bill) /Piped Gas/Broadband/Gas Connection Book/Water Bill issued by Municipality) (not more than 3 months old )

  • Aadhar Card / Letter issued by Unique Identification Authority of India (UIDAI)

  • Application form
  • Agreement

Have any other query?

Q. What are the benefits of Commercial/Construction Equipment Finance?

A. We offer following benefits on our Construction & material handling Equipment Finance: • Up to 100% financing of Construction Equipment* • Attractive interest rates* • Up to 60 month tenure for loan* • Simpler documentation and quick processing • Reduced down payments • Customized EMI structure to suit your business needs

+

Q. What are the features of the Commercial/Construction Equipment Loan?

A. For your purchase Commercial/ Construction equipment, Earth Moving, Material handling Equipment, Term loans, Working Capital requirements, Bank Gurantee or LC, that your business may require. Choose YES Bank's Commercial/Construction Equipment Loan and you will get the best terms and interest rates. We provide finance facility for your required equipment from any of your preferred manufacturers including JCB, Telcon, L&T Komatsu, Caterpillar, Volvo, Escorts, Case, Schwing Stetter, Hyundai, Terex, Ace, Liugong, Greaves, Sany, Putzmeister, Atlas Copco, Apollo and many more. •New/Used Commercial/Construction Equipment Loans •Working Capital Finance – CC & OD facilities •Bank Guarantees/LCs •Bill Discounting / LC discounting •Inventory Funding /Trade advance/ CC /OD for Dealers •Payment Solution, Cash Management Services & Forex Solutions, etc.

VIEW ALL FAQs

Other accounts & programmes

Customizable Savings Accounts Online

  • apply
  • Know more
Cash Backed Lending Program

  • apply
  • Know more
Commercial Vehicle Loan

  • apply
  • Know more


Construction Equipment Loans

In its wide product portfolio, YES BANK offers business loans for a range of fields to facilitate the business goals of owners and entrepreneurs. One particular loan of note is the Construction Equipment Loan for the requirements of the construction equipment and material handling space. With years of experience and banking know-how, YES BANK is the bank for your business banking needs.

Once you opt for YES BANK’s Construction Equipment Loan, you are in for the best terms at attractive interest rates. You also receive financing facilities for equipment from global manufacturers, including JCB, Telcon, L&T Komatsu, Caterpillar, Volvo, Escorts, Case, SchwingStetter, Hyundai, Terex, Ace, Liugong, Greaves, Putzmeister, Atlas Copco, Apollo, and more.

Under YES BANK’s Construction Equipment Loan, contractors and builders receive funding for the purchase of new construction equipment needed for activities such as mining, material handling, earth moving and so on. Moreover, the loan covers existing construction equipment owners, mine owners, contractors, builders, port owners, and others operating construction machinery.

Eligibility for Construction Equipment Loans

The eligibility criteria for Construction Equipment Loans from YES BANK are as follows:

  1. Individuals/Partnership Firms/Companies (both private and public)/Trusts (only private trusts)/Limited Liability Partnerships/Proprietary Concerns with more than two years of business experience

  2. Captive customers, hirers, contractors, and mine owners

Key Attractions

YES BANK is a market leader within the SME Loans segment, offering impressive benefits that ensure that you achieve your business goals. A few key attractions of a YES BANK loan for business include:

  • Financier Status - YES BANK enjoys preferred financier status with all Indian as well as global manufacturers of construction equipment.

  • Loans up to 90% - When you opt for a YES BANK Construction Equipment Loan, it covers up to 90% of the equipment price. For instance, if your equipment costs INR 1,00,000, then your YES BANK Construction Equipment Loan covers INR 90,000 of that expenditure.

  • Flexible Solutions – A common complaint among borrowers is the lack of flexibility in terms of financing. With YES BANK, you can take advantage of flexible financing solutions which are customised to meet your requirements.

A few other important features of a Construction Equipment Loan from YES BANK include:

  • All Types of Funding: This particular loan can be funded through a multitude of ways. Other funding related benefits include Working Capital Finance – CC & OD facilities, Bank Guarantees/LCs, Bill discounting/LC discounting, Inventory Funding/Trade advance/CC/OD for Dealers, Payment Solution, Cash Management Services & Forex Solutions, and more.

  • Simple Documentation: There is no complicated documentation with a YES BANK loan. All you need to do is fill out the application, sign an agreement and submit the requisite proofs and documents.

  • 60 Month Repayment Period: The repayment tenure of the YES BANK Construction Equipment Loan lasts up to 60 months, providing entrepreneurs and business owners a significant amount of time to repay their debt.

  • Quick Response: YES BANK prides itself on its customer service. With experienced personnel who are there to answer your every query, you are sure to get a speedy and prompt response for all your banking questions and needs.

  • Reach: With 32 locations offering Construction Equipment Loans, YES BANK offers a wide area of operations to ensure that you do not compromise on your banking and finance needs.

  • Relationship Managers: Apart from the attractive interest rates and repayment tenures, you also get access to an experienced team of relationship managers, who understand your concerns, listen to your queries and welcome your feedback.

Applying for a YES BANK Construction Equipment Loan is now easier than ever. You can pick from two application options – visit your nearest YES BANK branch, and get started. The other option is to apply through phone banking, wherein the bank will send you all the details and paperwork, without you having to leave the confines of your home or office.

All you need to do is complete the application, fill in the requested details, along with an agreement, and provide your documents. However, while turning in the documents, there are a few things to remember.

Self-attested copies of all submitted documents must be provided. Additionally, original documents must be presented for verification purposes.

Here is a list of the required documents for a Construction Equipment Loan from YES BANK:

  • PAN card (I & S)

  • Ration Card (with physical verification of address) (I & A)

  • Valid Driving License (Complete ISA)

  • Valid Passport (Complete ISA)

  • Pan Intimation Letter

  • Voter’s ID card (I & A)

  • Utility Bill (Electricity/Telephone/Mobile (original bill)/Piped Gas/Broadband/Gas Connection Book/Water Bill issued by Municipality) (not more than 3 months old)

  • Aadhar Card/Letter issued by Unique Identification Authority of India (UIDAI)

With a YES BANK Construction Equipment Loan, you can trust your business to be in safe hands. With attractive interest rates, quick documentation and processing, and repayment tenure of up to 60 months, this is exactly the kind of financial boost your business needs.

download app
Android App for YES BANK

Download App

You will shortly receive a SMS from us at the mentioned Mobile no. by you. This SMS contains an App download link.
Please try after Some time.
App Store for YES BANK

Download App

You will shortly receive a SMS from us at the mentioned Mobile no. by you. This SMS contains an App download link.
Please try after Some time
yes pay wallet

Digital Wallet with free Virtual card and UPI which can be used to send/receive money, mobile/DTH recharge, pay bills and much more

Read More

Download Forms