We, at YES BANK, offer business loans to enterprises engaged in infrastructure related activities, in the form of construction equipment loans. These help builders and contractors to purchase equipment, fulfil working capital requirements, and raise term loans.
While the appeal of this scheme cannot be ignored, it must be remembered that it is only offered to those who are a part of the construction industry, and eligible according to our criteria. To avail the loan, a simple procedure must be followed whereby you ascertain your eligibility and apply for the funds accordingly.
For business loans of this nature, we have two customer classifications regarding eligibility, which are:
- Any individual, sole proprietorship, partnership firms, limited liability partnerships, private trusts and public or private companies with more than two years of business experience can apply for the loan
- Captive customers, plant hirers, contractors and mine owners can also apply for funding of construction equipment
After assessing your eligibility, if you fall in one of the above categories, you may apply for our construction equipment loan by following a simple procedure. This is a transparent process which requires you to follow two easy steps:
- Fill the application form
- Attach relevant documentation - This includes proof of residence, KYC documents, bank statements, and track record of the previous 12 months as a proof of 2 years’ business experience
To make this process even easier for you, we, at YES BANK, provide you with our feasible facility. This allows you to apply for the loan by simply visiting our website and filling in the required details from the comfort of your home. Your documents will be collected from your doorstep, and your application will be given a quick response.
However, it is advised that you carefully apply and properly complete the process with the help of our executives to make the process smoother and hassle free for you.