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Construction Equipment Finance Eligibility
Nature of Business
Construction Equipment related businesses
Age
(The applicant should not be older than 70 years at the end of the loan tenure)
Documents Required
Availing a Construction Equipment Finance from Shriram is a hassle-free process by providing us with any one of the following documents
Photo Identity Proof
Aadhaar card, passport, driving license or voter’s ID, and the latest passport-size photographs
Address Proof Document
Aadhaar card, passport, driving license, gas connection card, water bill, electricity bill, prepaid mobile bill, telephone bill or voter’s ID
Income Proof Document
Last three months’ bank statements or salary slips for last three months, Income Tax Returns (ITR), Audited company accounts of last financial year or cash flow statement
Asset Related Documents (Pre-Sanction)
Proforma invoice and margin money receipt for a new asset, sale deed for a used asset purchase, valuation report in case of used asset or registration certificate for a used asset, original invoice for an unregistrable asset or comprehensive insurance policy
Asset Related Documents (Post-Disbursement)
Original invoice for new asset with hypothecation in favour of company, registration certificate and hypothecation in favour of company or insurance policy hypothecation in favour of company
FAQs
Who is eligible to avail a Construction Equipment Finance from Shriram?
The minimum requirements to avail the loan are as follows:
- Must be 18 to 70 years old
- Must be in transport or related business
Easy & Quick Disbursals on Construction Equipment Finance
