A scheme that gives you complete freedom of movement.
Get heavy-duty equipment as well as vehicles.
Equipment/Heavy Vehicle Finance
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Key Features
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Eligibility
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Charges
Equipment/Heavy Vehicle Finance : Key Features
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The scheme aims at providing finance for the purchase of heavy-duty equipment for business concerns, undertaking the business of construction and/or equipment leasing to construction companies etc.
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For purchase of heavy-duty equipment such as cranes, forklifts, wheel loaders, excavators, motor graders, crushers, bulldozers, road rollers, ready mix carriers, mixers, etc.
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Loan amount: Depending on the cost of equipment to be purchased subject to a maximum of AED 5 million.
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Period: Up to 7 years
Equipment/Heavy Vehicle Finance : Eligibility
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All business/service concerns having sales turnover upto AED 100 million and undertaking the business of construction and/or equipment leasing to construction companies etc.
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Security: Charge on equipment/heavy vehicles to be purchased, personal guarantees, etc.
Equipment/Heavy Vehicle Finance : Charges
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Rate of interest*: Competitive rate of interest prevailing at the time of sanction
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*Terms: Rates and charges are subject to change from time to time
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