Any method of extending capital to businesses for the purpose of acquiring equipment.
Documents Required for Construction Equipment Loan
| Documents | For 0 to 9 construction equipment owners | For 10 + construction equipment owners and captive users |
|---|---|---|
| Fully filled application form |  |
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| Identity proof : (pan card / passport / ration card / voter id card) of both applicant and co applicant/ guarantors |
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| Passport size photographs of all applicants and co applicant/s / guarantor/s | |
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| Address proof of all applicants and co applicants/ guarantors | |
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| Stability / property ownership proof of all applicants and co applicants/ guarantors | |
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| Last 6 months bank statements and bank continuity proof | |
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| Earlier contracts / work orders executed /TDS certificates / billing statements / enlistment certificates etc | |
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| Repayment track record , if any | |
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| Contract / work order if any | |
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| Fleet list on customer letterhead and RC copies/invoice copies of equipment/s if owned | |
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| Proforma invoice from dealer / manufacturer for new construction equipment loans and valuation report for used construction equipment loans | |
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| Enlistment certificates with major principals if any | |
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| Last 2 years audited financials | |
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| Last 2 years ITR | |