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
Identity proof :
(pan card / passport / ration card / voter id card) of both applicant and co applicant/ guarantors
Passport size photographs of all applicants and co applicant/s / guarantor/s
Address proof of all applicants and co applicants/ guarantors
Stability / property ownership proof of all applicants and co applicants/ guarantors
Last 6 months bank statements and bank continuity proof
Earlier contracts / work orders executed /TDS certificates / billing statements / enlistment certificates etc
Repayment track record , if any
Contract / work order if any
Fleet list on customer letterhead and RC copies/invoice copies of equipment/s if owned
Proforma invoice from dealer / manufacturer for new construction equipment loans and valuation report for used construction equipment loans
Enlistment certificates with major principals if any
Last 2 years audited financials
Last 2 years ITR