Equipment/Heavy Vehicle Finance

  • Key Features
  • Eligibility
  • Charges
  • Apply Online

Key Features

  • 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.
  • 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.
  • Loan amount: Depending on the cost of equipments / vehicles to be purchased subject to maximum of AED 5 million.
  • Period: Up to 7 years

Eligibility

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

Charges

  • Rate of interest*: Competitive Rate of interest prevailing at the time of sanction

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

Apply Online

Occupation Details

Bank Account Details

References

 
 

Application Form