Bank of Baroda, India ’ s International Bank

Middle East


SME Loan Factory

Equipment / Heavy Vehicle Finance

The Scheme aims at providing finance for purchase of Heavy duty equipments for the business concerns undertaking the business of construction and / or equipment leasing to construction companies etc.

 

Salient Features

 



Purpose:


For purchase of Heavy duty equipments such as cranes, forklifts, wheel loaders, excavators, motor graders, crushers, bull dozers, road rollers, ready mix carriers, mixers, etc.

Eligibility:

All business / Service concerns having sales turnover upto AED 100 millions and undertaking the business of construction and / or equipment leasing to construction companies etc.

Loan amount:

Depending on the cost of equipments / vehicles to be purchased subject to maximum of AED 5 million

Security:

Charge on equipments / heavy vehicles to be purchased, personal guarantees, etc.

Rate of interest*:

Competitive Rate of interest prevailing at the time of sanction

Period:

Up to 7 years

 

Other Products:

  • Line of Credit
  • Project Finance
  • Loans to Traders for working Capital
  • Overdraft against property
  •  

    For Further details

    *Terms: Rates and charges are subject to change from time to time

     
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