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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What types of heavy equipment can be financed through Bank of Baroda?
Bank of Baroda provides financing options for various heavy equipment, including excavators, loaders, bulldozers, cranes, forklifts, and other heavy vehicles.
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What are the eligibility criteria for heavy vehicle finance?
Based on the Company's business model, a satisfactory track record and financial assessment are required to apply for a heavy vehicle loan.
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How do I Apply for Equipment and Heavy Vehicle Finance at Bank of Baroda UAE?
To apply for our equipment and heavy vehicle finance, fill out the application form, attach the necessary documents, and submit it at a Bank of Baroda branch.
