https://www.hdfcbank.com/sme/borrow/loan-for-specific-industry-segments/commercial-construction-equipment

Commercial Construction Equipment Finance

Up to 100% finance available to help you grow your business

Experience speedy processing of your loan application

Attractive interest rates to help ensure that monthly payments are business-friendly

Features

Features

• Avail Commercial/ Construction Equipment Finance on an entire range of equipment at attractive interest rates
• Choose among various types of loans that suit your business requirements

Benefits

• Receive up to 100 % finance for your Commercial/ Construction Equipment
• Take advantage of some of the best interest rates along with Speedy processing of loan.

Fees and Charges

2% of Principal Outstanding for preclosures after 1 year from 1st EMI As per BCSBI guidelines, for borrowers classified as Micro and Small Enterprises(MSE)  NIL Premature Closure Charges will be applicable for all floating rate loans and for Fixed rate loan facility up to Rs. 50 Lakh, closure to be from Own funds. For MSE customers, 2% takeover charges will be applicable in case of takeover of the loan by another Bank / Financier. Bank reserves the right to enquire or ask the documentary proof of source of funds for closure request of loans. | | Stamp Duty | At actual | | Delayed instalment payment charge | 1.50% per month (18% p.a.) plus applicable government taxes on overdue instalment amount | | Processing fees | New Loans: up to 1% of the Loan Amount Used Loan: up to 1.5% of the Loan Amount | | Asset verification charges | At Actual | | Loan Cancellation charges | NIL Charges, Only Interest to be taken from date of disbursement to date of cancellation. applicable from 1st May 2007. | | Legal/Collection/Repossession and Incidental charges | At Actual | | Service/Documentation charges | upto 1.5% of the Loan amount | | Issuance of Duplicate NOC and Special NOC Charges | Rs 500/- wil be charged for Physical copy | | Cheque Swap Charges | Rs.500/- | | Repayment Schedule Charges | Rs. 200/- | | Rebooking Charges | 1000/- |

Bank IRR & Annual Percent Rate(APR) offered for loans extended to individual customers - Quarter ended July to Sep 2023

Property Document Retention Charges @ Rs 1,000 + Taxes per calendar month, after 2 calendar months from the date of closure of all loans/facilities linked to the collateral.

Any payment above Rs. 49000/- should be made vide Account payee Cheque / Pay order /Demand draft.

• NIL foreclosure charges floating rate

  / pre-payment penalties on all

  term loans sanctioned to individual borrowers, with immediate effect. Service Tax is also applicable over and above the regular charges.

Where a borrower is a Micro and Small Enterprise, no prepayment penalty on prepayment of floating rate loans will be charged irrespective of the reference rate used for the floating rate loan and irrespective of the source of funds (own source of funds or balance transfer from another Bank)

The above charges are exclusive of Government Charges/Taxes and Charges/Taxes will be charged extra