Shriram Construction Equipment Finance
Acquiring the right construction equipment is vital for businesses aiming to enhance productivity and stay competitive. Shriram Finance offers Construction Equipment Finance that provides flexible, affordable, and timely funding solutions to help you invest in new or used machinery without straining your cash flow.
Shriram Construction
Equipment Finance: Overview
Shriram Construction Equipment Finance offers customised loan solutions tailored to meet the unique needs of businesses in construction, infrastructure, and related sectors. One of the key benefits of construction equipment finance with Shriram Finance is the flexible repayment tenure of up to 84 months. With competitive interest rates starting from 10%* p.a., this loan product is designed to support your business growth efficiently.
The simple application process requires minimal documentation, and quick approvals ensure you can acquire the equipment you need without delay. Additionally, we send regular EMI reminders to help you stay on top of repayments.
Shriram Construction Equipment Finance Interest
Rates & Charges
Who is Eligible for Construction Equipment
Finance?
Given below are the eligibility requirements for Construction Equipment Finance:
Businesses engaged in transport or related sectors
Applicants aged between 18 and 70 years (age at loan maturity should not exceed 70 years)
Frequently Asked Questions
How do I qualify for Construction Equipment Finance?
You must be involved in construction or related industries, meet the age criteria of 18 to 70 years, and provide the necessary KYC and business documents.
How long does it take to get approved for Construction Equipment Finance?
Typically, loan sanctioning takes about three business days after submitting all required documents. However, timelines may vary depending on loan type and amount.
Can I apply for Construction Equipment Finance if my company is less than two years old?
Shriram Finance primarily supports established businesses. However, eligibility for newer companies may differ. It is advisable to contact Shriram Finance directly for specific options.
How is the interest rate on Construction Equipment Finance calculated?
Interest rates start from 10%* p.a. and are customised based on your business profile, loan amount, and tenure.
Can I finance both new and used construction equipment with Shriram Construction Equipment Finance?
Yes, Shriram Finance offers loans for purchasing both new and used construction equipment, helping businesses upgrade or expand their machinery with flexible down payments and competitive interest rates starting from 10%* p.a.