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What is a Used Construction Equipment Loan?
Used construction equipments are an economical solution to improving on-site productivity and operational efficiency, offering flexibility and long-term value for businesses.If you are in need of financing to purchase a used construction equipment, our Used Construction Equipment Loans.
With our Used Construction Equipment Loans, you can even transfer your existing loans and take advantage of reduced interest rates. Maximise the benefits of our service by refinancing your used construction equipment or purchasing used equipment. Apply for our Used Construction Equipment Loans and realise your business goals.
Key Features and Benefits of Used Construction Equipment Loans
Apply for our Used Construction Equipment Loans and realise your business goals.
Loans for up to 12* Year Old Used Construction Equipment Assets
Finance your used construction equipment without worrying about the age of the asset.
Flexible Repayment Tenure
Repay your used construction equipment loan over a tenure of 12 to 48 months.
Refinance against Existing Construction Asset
Choose a refinancing option with TVS Credit and make the most of our attractive features.
No Hidden Charges
Get quotes with clear pricing and zero hidden costs.
Quick Loan Approval*
Skip the long queue. Get your loan approved instantly with our efficient loan processing.
Charges on Used Construction Equipment Loans
| Schedule of Charges | Charges (inclusive of GST) |
|---|---|
| Processing Fee | Up to 5.9% |
| Penal Charges (excluding GST) | 36% per annum on unpaid installment |
| Foreclosure Charges | a) Remaining loan tenure is <=12 months - 3% on principal outstanding b) Remaining loan tenure is >12-<=24 months - 4% on principal outstanding c) Remaining loan tenure is >24 months - 5% on principal outstanding |
Other Charges |
| Bounce Charges | Rs.650 |
| Duplicate NDC/NOC Charge - Physical Copy | Rs.500 |
For a complete list of charges, please Click Here
Used Construction Equipment Loans EMI Calculator
Get an estimate of your EMI, processing fee and other essential information. Get the calculation done instantly with a Used Construction Equipment Loans EMI Calculator and make prudent decisions.
Disclaimer : These results are for indicative purposes only. Actual results may vary. For exact details, please contact us.
Documents Required for TVS Credit Used Construction Equipment Loans
Make sure you have all the mandatory documents before applying for TVS Credit Used Construction Equipment Loans:
How to Apply for Used Construction Equipment Loans?
Select Your Asset
Choose from the used construction equipment listed below for which you want to avail a loan:
Asset Type
- Backhoe Loaders
- Self-Loading Concrete Mixers
- Cranes
Get Approval
Upload the required documents and get your loan approved.
Loan Sanction*
After approval, get your loan disbursed without any delay.
Frequently Asked Questions
The interest rates for Used Construction Equipment Loans may differ depending on several factors like customer segment, credit score, loan tenure, and age of the construction equipment.
Check your eligibility to apply for Used Construction Equipment Loans.
We can fund up to 12* year old (asset age)used construction equipment.
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