Drive Growth with a Construction Equipment Loan
Commercial Equipment Loan
High Loan Amount
Quick Approval
Attractive Interest Rates
Minimal Documentation
Personalized Service
No Hidden Charges
Features & Benefits of Commercial Equipment Loan
- Finance for New & Used Equipment: Get funding for both new and used equipment through our partner institutions.
- High Loan Amount: Finance up to 100% to purchase or upgrade essential business equipment.
- Wide Range of Equipment Covered: Financing available for construction machinery, manufacturing equipment, medical devices, and agricultural machinery.
- Attractive & Competitive Interest Rates: Enjoy affordable EMIs with interest rates starting as low as 9.99%* p.a. (subject to lender terms).
- Flexible Repayment Options: Repay conveniently with tenures ranging from 12 to 84 months, tailored to your business needs.
- Minimal Documentation: A simple and hassle-free documentation process ensures faster processing with our partner banks.
- Quick Approval & Disbursal: Access funds quickly with streamlined procedures through our lending partners.
- Flexible Down Payment Options: Choose repayment and down payment structures that suit your cash flow.
- Refinance & Top-up Facility: Get additional funds through refinancing existing equipment or availing top-ups on ongoing loans.
- Zero Hidden Charges: Transparent loan terms with no hidden costs, ensuring complete clarity.
- Digital Convenience: Apply online anytime, track application status, and receive reminders for EMI payments.
Types of Commercial Equipment Loans
1
Construction Equipment Loan
Get connected with lenders offering financing for excavators, loaders, cranes, and other heavy machinery. Upgrade your projects with flexible repayment terms and faster approvals from our partner institutions.
2
Manufacturing Equipment Loan
Through our partner network, access funding for advanced machinery and tools to improve efficiency, expand capacity, and grow your business with confidence.
3
Medical Equipment Loan
Upgrade your hospital, clinic, or diagnostic center with modern medical equipment. We connect you with lenders providing high-value medical equipment financing with simplified documentation.
4
Agricultural Equipment Loan
From tractors to harvesters and farm tools, our partner institutions offer tailored agri-equipment financing solutions that support sustainable farming.
Commercial Equipment Loan Eligibility and Documents
Eligibility Criteria for Commercial Equipment Loan
General Eligibility:
- Age: 25 – 65 years (some products allow up to 70 years at loan closure).
- Citizenship: Applicant must be an Indian citizen.
- Business Vintage: Minimum 3 years of business operations (for industrial/construction equipment loans).
- Work Experience:
- Medical Professionals (MBBS/MDS/MD/MS/BDS): At least 1 year of post-qualification experience.
- Other Professionals/Businesses: At least 3 years of post-qualification or business experience.
Documents Required for a Commercial Equipment Loan
1. KYC Documents
- PAN card / Aadhaar card / Driving License / Voter ID / Passport (Applicant, Co-applicant, Proprietor/Partner/Director)
- Residence Address Proof: Electricity bill / Rent agreement / Passport
- Passport-size photographs
2. Business Proof
- Udyam Registration Certificate / GST Registration Certificate / Shop Act Certificate
- Business Address Proof: Electricity bill / Rent agreement / Factory ownership proof
- Company Incorporation/Partnership Deed (if applicable)
3. Financial Documents
- Latest 2 years Financials: ITR, Income Computation, Balance Sheet & P&L, Audit Report (if applicable)
- Bank Statements of all active accounts (CA/CC/OD) – last 6 months
4. Loan & Liability Details
- All live loan sanction letters, repayment schedules, and Statements of Accounts
5. Equipment Documents
- Latest Proforma Invoice / Machine Quotation
- Work Orders / Contracts in hand
6. Additional (if applicable)
- Qualification Certificates (for Medical Equipment Loan applicants)
- Company Profile
How to use Commercial Equipment Loan EMI Calculator
Estimate your monthly installments easily by entering:
- Loan Amount
- Interest Rate
- Loan Tenure
Get a clear repayment plan before approaching our lending partners.
Fees and Charges for Commercial Equipment Loan
| Particulars | Charges |
|---|---|
| Interest Rate | Starting at 9.99% p.a. onwards |
| Loan Processing Fee | Up to 2% of loan amount |
| Loan Tenure | 12 – 84 months |
| Prepayment / Foreclosure Charges | 0% if paid from own sources 4–5% + taxes if paid from other sources |
| Repayment Charges | ₹500 per bounce |
| Stamp Duty | At actuals (as per state laws) |
| Hidden Charges | Nil |
Commercial Equipment Loan Reviews
Ramesh Singh
Dr. Priya Menon
Sanjay Agarwal
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Commercial Equipment Loan FAQs
A commercial equipment loan is a financing solution provided by banks/NBFCs to help businesses purchase or upgrade essential equipment. Taurus Financial Services helps you connect with the right lenders.
Transporters, contractors, manufacturers, doctors, farmers, and businesses of all sizes can apply, provided they meet basic eligibility criteria.
Finance up to 100% depending on the type of equipment, business profile, and lender terms.
Interest rates start from 9.99% p.a., varying based on the applicant’s profile, loan amount, and tenure.
Flexible repayment tenure ranging from 12 to 84 months, depending on loan type and equipment financed.
Yes, up to 2% of the loan amount, depending on the lender.
Yes. Charges may apply:
- 0% if paid from own sources
- 4–5% + taxes if paid from other sources
No. Transparent policy with zero hidden charges.
The vehicle itself is hypothecated to the lender as primary security. In some cases, additional security may be required based on the applicant’s profile.
The equipment financed usually serves as collateral. Additional security may be required depending on loan size and lender terms.
With proper documentation, loans can be approved within a few working days through our lending partners, ensuring timely access to funds.