IDBI Equipment Finance
Overview
IDBI Equipment Finance is designed for the purpose of financing the purchase of new machinery, tools or equipment for business including Construction Equipment.
The details of the product are mentioned below:
Eligible Segments
Individuals, Proprietorship firm, Partnerships firm, LLP and Company (Private/ Public) Limited
Purpose of Loan
Purchase of new equipment, tools and machinery and construction equipment for business purpose
Loan Amount
- Minimum: ₹ 10 lakhs
- Maximum: ₹ 5 Crores
Tenor
Term Loan: Max 7 years
Margin
20% of the cost of assets*
Security
Nil Collateral Security