Used machinery Or Construction Equipment
Used Machinery or Construction Equipment Loan
Upgrade your business operations with our Used Machinery & Construction Equipment Loan. Whether you need financing for excavators, loaders, cranes, concrete mixers, bulldozers, or any other heavy equipment, Laxmi India Finance Ltd. (LIFC) offers affordable loan options with flexible repayment plans. Our loans are designed to help contractors, builders, and businesses acquire the machinery they need to expand operations and enhance productivity.
Features & Benefits
High Loan Amount:
Get up to 80% financing on the value of the used equipment.
Flexible Loan Tenure:
Repayment periods ranging from 6 to 48 months.
Affordable Interest Rates:
Competitive interest rates with structured repayment plans.
Quick & Hassle-Free Loan Processing:
Fast approvals with minimal documentation.
Loans for Various Types of Equipment:
Financing available for all kinds of used construction & industrial machinery.
Customizable Loan Options:
Tailored loan structures based on business needs and cash flow.
No Additional Collateral Required:
The machinery itself acts as security for the loan.
Special Schemes for SMEs & Contractors:
Attractive financing options for small and medium enterprises.
Eligibility
To apply for a Used Machinery or Construction Equipment Loan, the applicant must meet the following criteria:
Age
- Individual Applicants: 21 – 65 years (at loan maturity).
- Businesses: Registered firms with at least 2 years of operations.
Employment Type
- Self-employed professionals, contractors, businesses, and companies involved in construction, manufacturing, and logistics.
Minimum Business Experience
- At least 2 years of stable business operations.
Credit Score
- Minimum CIBIL score of 650+ preferred.
Income Proof:
- Proof of a steady revenue stream for loan repayment.
Documents Required
Identity Proof:
Aadhaar Card / PAN Card / Voter ID / Passport
Address Proof:
Aadhaar Card / Utility Bill / Rent Agreement
Income Proof:
Latest 3 months' salary slips & bank statements
Employment Proof:
Offer letter or employment certificate
Quotation or Invoice
of Used Equipment
Photographs:
2 passport-size photos
Vehicle Loan Calculator
Use our Vehicle Loan Calculator to estimate your monthly installments based on:
Total Amount Payable:
₹15,85,809
Total Interest Payable:
₹5,85,809
Used machinery Or Construction Equipment Loan FAQ
 (2)-1758606007227.avif)
Frequently Asked Questions
Contractors, builders, businesses, and self-employed individuals involved in construction, manufacturing, and industrial activities.
Customer Support:
Email: