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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%
Penal Charges 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
Cheque 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.

₹ 500000 ₹ 5000000
13% 23%
12 Months 48 Months
Monthly Loan EMI
Principal Amount
Total Interest Payable
Total Amount Payable

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?

STEP 01

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
STEP 02

Get Approval

Upload the required documents and get your loan approved.

STEP 03

Loan Sanction

After approval, get your loan disbursed without any delay.

Frequently Asked Questions

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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