The Bank has been financing for purchase/import of various equipments under Equipment Loan. Equipment loan is offered to those customers who have to finance import or local purchase of construction related equipments such as Excavators, Backhoe Loaders, Dozers etc. Some of the equipment loans are advanced also to finance purchase of medical equipment to the professionals.
||To finance import/purchase of equipments
||Terminating loan payable in Equal Monthly Installment
||Maximum up to 5 years
||Repayment period maximum 5 years.
||Up to 70% of cost of Equipment.
|Rate of Interest:
||Premium of 1.50% to 6.00% p.a. over the Base Rate