We fund a range of used and refinance construction equipment including backhoe loaders, cranes, and transit mixers across major OEM brands.
Overview
Who It's For
First-Time Entrepreneurs
Starting your contracting or equipment-rental business? Get finance designed for prior experienced first-time owners of registered and pre-owned/backhoe loaders, cranes.
We keep documentation light, complete quick equipment valuation/inspection and tailor cash-flow friendly EMIs to your project billing or rental income so you launch fast, operate smoothly, and build credibility from Day One.
Existing Fleet Takeover / Refinance
Already running a CE fleet? Shift your current loans to us to lower EMIs, reduce interest cost, or extend tenure with the option for a top-up to fund overhauls, attachments, or working capital. Enjoy swift balance-transfer, minimal downtime, and simple paperwork so projects stay on schedule while you strengthen cash flows.
Please Provide Your Information
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Product Specifications
Designed and customized to suit operator’s specific needs
Loan for New and Pre-owned Construction Equipment
No hidden cost
Wide variety of equipment coverage
Tenor upto 60 months
ROI 16% - 24%
Features & Benefits
- Finance for used construction equipment with digitized processing.
- Long tenures (up to ~60 months) to keep EMIs comfortable.
- Fixed-rate options to lock in EMI through the tenure (useful in volatile cycles).
- Balance-transfer/Refinance options to reduce EMI or extend tenor.
Documents Required
KYC
DL
Bank statement
Fleet List
Property ownership proof
Loan Process
Step 1
Click on Apply Now and enter your contact details.
Step 2
Our customer team will contact you to guide you through the details and complete the process smoothly.
Step 3
The application will then proceed for verification and assessment.
EMI CALCULATOR
Our Smart EMI Calculator
FAQ
Quick Answers
How is the valuation of used construction equipment done?
Valuation is conducted by our empanelled technical valuers who assess the equipment's make, model, year, working hours logged, mechanical condition, and current market demand before determining the loan-eligible value.
What is the maximum permissible age of construction equipment for funding?
Typically, we fund equipment up to 8–10 years old at loan maturity, subject to condition assessment and the remaining economic working life of the machinery.
Do I need to provide a work order or contract to avail a CE loan?
While not always mandatory, an active work order or confirmed contract significantly strengthens your application by demonstrating cash flow certainty and repayment capacity.
Is insurance compulsory for construction equipment loans?
Yes, comprehensive insurance covering the funded equipment is mandatory throughout the loan tenure and must be renewed annually with IKF Finance noted as the hypothecate.