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