Bank Name
Interest Rate Range
Processing Fee Range
Loan Amount
Tenure Range

Rate of Interest

  • Floating rate of Interest : 13% p.a. to 19% p.a.
  • Fixed Rate of Interest : 13% p.a. 

Eligibility Criteria

  • Any individual /partnership firm/company with more than two years of business experience.
  • Existing owner of construction equipment.
  • Applicants using equipment for self purpose, mine owners and contractors.

Fees and Charges

  • Processing Fees 0.5% to 2.00% depends on type and category of borrower
  • Preclosure Charges – Rs 0
  • Part Payment charges- Rs 0
  •  No any other hidden charges

Documents Required

  • KYC- Pan Card, Adhar Card, ID Proof and Address proof
  • ITR with computation for 3 years with Income proof
  • Bank Statement
  • Photograph

Value Additions

  • Doorstep services
  • E- approvals
  • Part payment allowed

Special Feature

  • No guarantor required
  • No pre-closure or part payment fees
  • Balance Transfer Allowed
  • Top up available

Overview about ICICI Bank

Your Eligibility depends on following

You can increase your eligibility by doing following

Rate of Interest and Other Charges for Equipment Funding are following

Existing Loan take over or New Loan

Features of Loan