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Kotak Mahindra Bank Construction Equipment Finance

Finance for new and used construction equipment, including top-up, refinance and takeover routes. The bank publishes 12–48 month tenures and says funding up to 100% may be available on special requirement.

Maximum financeUp to 100% of equipment cost, available only on special requirement; final finance depends on the applicant's requirement and bank assessment.Published rate basis and ceilingMinimum: prevailing MCLR or reference rate; maximum: 24%.Eligible customer typesIndividuals, partnerships and companies; captive customers, contractors and plant hirers are named customer segments.
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Kotak Mahindra Bank Construction Equipment Finance

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Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Individuals, partnerships and companies?

Published source: Eligible customer types

2Are you this type of customer: captive customers, contractors and plant hirers are named customer segments?

Published source: Eligible customer types

3Do you meet this requirement: latest 6 months' bank statements?

Published source: Documents to prepare

4Do you meet this requirement: contracts/work orders and work-in-hand details where applicable?

Published source: Documents to prepare

5Do you meet this requirement: repayment track/latest loan position?

Published source: Documents to prepare

6Document checkDo you have this required document or proof: KYC documents and photograph?

Published source: Documents to prepare

7Document checkDo you have this required document or proof: Latest 6 months' bank statements?

Published source: Documents to prepare

8Document checkDo you have this required document or proof: Residential and office address proof?

Published source: Documents to prepare

9Document checkDo you have this required document or proof: Certified work orders/contracts and contractor work-in-hand details?

Published source: Documents to prepare
0 of 9 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 30 Sept 2026 · active
Offered byKotak Mahindra Bank

See the official bank source for geographic availability.

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Eligible customer typesIndividuals, partnerships and companies; captive customers, contractors and plant hirers are named customer segments.View source
The current page describes finance for new/used construction equipment and additional top-up, refinance and takeover facilities; equipment includes earth-moving, material-handling, concrete and road-building types.
Source
Construction Equipment Finance — Kotak Mahindra Bank
Page / section
Product features and eligible equipment/customer routes
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Maximum financeUp to 100% of equipment cost, available only on special requirement; final finance depends on the applicant's requirement and bank assessment.View source
The bank states that the loan depends on applicant need and finance up to 100% of construction equipment can be extended on special requirement. This is a conditional ceiling, not a routine margin promise.
Source
Kotak Bank Help Centre — Construction Equipment Loan
Page / section
663: minimum and maximum loan amounts
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Business experience and stabilityMore than 1 year of business stability; at least 2 years' residence in the approved location; individuals need at least 12 months' experience in the field. Two trade references and a guarantor/co-borrower are required. First-time owners are subject to bank discretion.View source
The page identifies the stability, residence, experience, references and guarantee/co-borrower conditions. It does not state a minimum annual turnover threshold.
Source
Construction Equipment Finance — Eligibility
Page / section
Eligibility criteria
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Repayment period12 to 48 monthsView source
The current product page states that tenure ranges from 12 to 48 months, subject to the loan requirement.
Source
Construction Equipment Finance — Kotak Mahindra Bank
Page / section
Product features — tenure
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Published rate basis and ceilingMinimum: prevailing MCLR or reference rate; maximum: 24%.View source
The CE fee schedule lists the prevailing or reference rate as the minimum and 24% as the maximum. It does not state a borrower-specific offer rate.
Source
Construction Equipment Finance — Fees and Charges
Page / section
Interest Rate: minimum and maximum
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Processing / service chargeUp to 3% of the loan amount.View source
The bank publishes processing/service charges up to 3% of the loan amount.
Source
Construction Equipment Finance — Fees and Charges
Page / section
Loan processing/service charges
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Prepayment chargesFor facilities sanctioned/renewed from 1 January 2026: individual floating-rate and MSE floating-rate facilities — nil; MSE fixed-rate up to ₹50 lakh — nil; MSE fixed-rate above ₹50 lakh — 2%; individual fixed-rate, medium non-individual and other non-individual fixed/floating facilities — 4%. Non-revolving charges use the amount prepaid; revolving charges use a base not exceeding the sanctioned limit. Cash-credit/overdraft can close without charge on its due date with at least 30 days' advance notice of non-renewal. Taxes and agreement terms apply.Effective 1 Jan 2026View source
The current CE schedule is mapped to the bank's dedicated Construction Equipment product route. The conflicting page 6 RBG CV/CE schedule remains a distinct unresolved segment and is not applied.
Source
Prepayment Charges for Commercial Banking Business: Loans & Advances
Page / section
Page 1, current CV Group/CE schedule effective for loans sanctioned or renewed from 1 January 2026
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Documents to prepareKYC and photograph; latest 6 months' bank statements; home/office address proof; contracts/work orders and work-in-hand details where applicable; repayment track/latest loan position; plant-hirer asset list and prior-equipment ownership/finance records; pro forma invoice; 2 years' audited financials and filed ITRs plus latest provisional financials; business-stability proof. After sanction the bank lists executed loan documents, asset invoice, insurance, disbursement advice, registration with hypothecation, margin receipt and repayment mandate.View source
The official page separates pre-sanction customer/business evidence from post-sanction asset, insurance, registration and repayment documents.
Source
Construction Equipment Finance — Required Documents
Page / section
Pre-sanction and post-sanction checklists
Accessed
30 Sept 2026
Confidence
high
Open official source ↗
Recently contracted rates (not an offer rate)Loans contracted in the quarter ended 30 June 2026: 7.72%–21.13%; mean 10.90%. This is portfolio disclosure, not a current offer, eligibility threshold or APR.View source
The row reports a historic distribution of contracted CE Retail loans; it is kept distinct from current borrower-specific pricing and the published 24% ceiling.
Source
Kotak Mahindra Bank — Interest Rates, loan pricing and contracted-loan disclosures
Page / section
Contracted commercial-loan table, CE Retail (Construction Equipment) row; quarter ended 30 June 2026
Accessed
30 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • New and used construction-equipment finance
  • Top-up, refinance and takeover routes
  • Equipment categories include earth-moving, material-handling, concrete and road-building equipment
  • 12–48 month repayment period
  • Finance up to 100% is described as available on special requirement

Eligibility

  • More than 1 year of business stability; applicant resident in an approved location for at least 2 years; individuals need at least 12 months' experience in the field. Captive customers, contractors and plant hirers are named. First-time owners may be funded at the bank's discretion. Two trade references and a guarantor/co-borrower are required; the bank's says a personal guarantor is required, subject to review based on customer profile.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • documents and photograph
  • Latest 6 months' bank statements
  • Residential and office address proof
  • Certified work orders/contracts and contractor work-in-hand details
  • Repayment history and latest loan position
  • Plant-hirer vehicle/equipment list and prior ownership/finance details
  • Pro forma invoice
  • Audited financial statements and filed for the last 2 years plus latest provisional financial statement
  • Business-stability evidence
  • After sanction: signed loan documents, asset invoice, insurance cover, disbursement advice, registration with hypothecation, margin receipt and repayment mandate

Related official documents

Construction Equipment Finance — Required Documentsofficial-required-documents-page · current-page-reviewed · accessed 30 Sept 2026
↗
Construction Equipment Finance — Eligibilityofficial-eligibility-page · current-page-reviewed · accessed 30 Sept 2026
↗
Kotak Bank Help Centre — Construction Equipment Loan FAQsofficial-bank-faq · relevant-faq-entries-reviewed · accessed 30 Sept 2026
↗
Construction Equipment Finance — Fees and Chargesofficial-product-fee-schedule · current-page-reviewed · accessed 30 Sept 2026
↗
Construction Equipment Finance — Kotak Mahindra Bank product pageofficial-product-page · current-page-reviewed · accessed 30 Sept 2026
↗
Commercial Vehicle / Construction Equipment / Tractor & Farm Equipment Loan Agreement, Version 6.0official-commercial-loan-agreement-pdf · relevant-pages-reviewed-document-incomplete · accessed 30 Sept 2026
↗
Kotak Mahindra Bank — Prepayment charges for Commercial Banking Business: Loans & Advancesofficial-commercial-loan-prepayment-schedule-pdf · all-pages-reviewed-page-4-arb-crop-mapped-other-product-mapping-partial · accessed 1 Oct 2026
↗
Kotak Mahindra Bank — Interest Rates, loan pricing and contracted-loan disclosuresofficial-loan-rate-and-regulatory-disclosure-page · crop-loan-contracted-row-reviewed-focused-source · accessed 1 Oct 2026
↗

Plan before applying

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Loan repayment estimate

See what the loan could cost each month. Move any slider to try a different amount, rate or repayment time.

One monthly payment₹50,435fifty thousand four hundred thirty-five rupees
Interest paid over the full loan₹96,04,449ninety-six lakh four thousand four hundred forty-nine rupees
Everything you repay₹1,21,04,449one crore twenty-one lakh four thousand four hundred forty-nine rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Minimum interest rate · Commercial Vehicle GroupPrevailing or reference rate

This value is copied from Commercial and farm-equipment finance: published fees by division. Check the table notes before relying on it.

Source: Commercial Vehicle / Construction Equipment / Tractor & Farm Equipment Loan Agreement, Version 6.0 · page 23, division fee schedule and footnotes Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 39 rows · 4 columnsCommercial and farm-equipment finance: published fees by divisionThe agreement schedule's CV Group, Construction Equipment and Tractor & Farm Equipment (TFE) columns. Percent caps and amounts are subject to the stated agreement/application unit and applicable tax.View tableHide table

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Commercial and farm-equipment finance: published fees by division
Charge / conditionCommercial Vehicle GroupConstruction EquipmentTractor & Farm Equipment
Minimum interest ratePrevailing or reference ratePrevailing or reference ratePrevailing or reference rate
Maximum interest rate24%24%30%
Loan processing / service chargesUp to 3% of loan amountUp to 3% of loan amountUp to 3% of loan amount
Documentation chargesUp to ₹5,000 per APACUp to ₹5,000 per APACUp to ₹5,000 per APAC
Stamping chargesAt actualsAt actualsAt actuals
Credit administration chargesUp to ₹4,000Up to ₹6,000Up to ₹2,000
Loan cancellation₹2,500 per agreement₹2,500 per agreement₹2,500 per agreement
Penal charge on overdue amount8% p.a. plus applicable taxes, for actual overdue days8% p.a. plus applicable taxes, for actual overdue days8% p.a. plus applicable taxes, for actual overdue days
Dishonour charge₹750 per instance₹750 per instance₹750 per instance
Replacement of post-dated cheques₹500 per swap per instance₹500 per swap per instance₹500 per swap per instance
Change in instalment amount / tenor₹1,000₹1,000Not applicable in this schedule
Individual floating-rate prepaymentNilNilNot stated for TFE in this row
Individual fixed-rate foreclosure4% on applicable prepayment base4% on applicable prepayment base4% on applicable prepayment base
floating-rate prepaymentNilNilNot stated for TFE in this row
fixed-rate loan up to ₹50 lakh: prepaymentNilNilNil
fixed-rate loan above ₹50 lakh: prepayment2% on applicable prepayment base2% on applicable prepayment base2% on applicable prepayment base
Medium non-individual fixed/floating prepayment4% on applicable prepayment base4% on applicable prepayment base4% on applicable prepayment base
Other non-individual fixed/floating prepayment4% on applicable prepayment base4% on applicable prepayment base4% on applicable prepayment base
TFE part-prepayment——2% of amount prepaid plus applicable taxes; maximum twice per year
Duplicate NOC₹500₹500₹500
Copy of statement of account / amortization schedule₹500₹500₹500
ValuationUp to ₹2,000Up to ₹5,000₹1,000
Duplicate foreclosure statement₹500₹500₹500
National permit NOC₹500——
State permit NOC₹500——
Change in vehicle body type NOC₹500——
Rebooking after borrower/security/asset change₹2,500₹2,500₹2,500
Change in instalment due date₹1,000—₹1,000
Assignment2% of outstanding principal or ₹10,000, whichever is less1% of outstanding principal2% of outstanding principal or ₹5,000, whichever is less
Change in property / asset / collateral₹2,000——
Copy of property / loan document₹1,000——
NOC to convert private to commercial registration₹2,000——
NOC to convert commercial to private registration₹2,000——
Payment handling₹2,000₹1,000—
RepossessionAt actualsAt actualsMinimum ₹15,000 or actual, whichever is higher
Immovable-asset verificationAt actualsAt actuals—
Legal / incidental chargesAt actualsAt actualsMinimum ₹5,000 or actuals
Tax / agreement basis extra as applicable; per agreement/APAC extra as applicable; per agreement/APAC extra as applicable; per agreement/APAC
Priority-sector loans up to ₹50,000Loan-related and ad hoc service/inspection charges not applicable; for eligible / loans, threshold is per memberSame shared schedule noteSame shared schedule note
  • This page 23 table was manually read from the version 6.0 agreement, modified 15 April 2026. The schedule separates product divisions; a dash means a charge is not applicable to that division. Prepayment is also cross-checked against the separately effective 1 January 2026 . For CV/CE, the separate current page 1 is used for the borrower-specific schedule. For TFE, the separate current page 2 distinguishes foreclosure from part-prepayment. The loan agreement also states charges apply per agreement/APAC and taxes are extra.
  • The V6 agreement's remaining clauses/forms are not fully reviewed yet; do not treat this table as completion of the entire agreement.
Commercial Vehicle / Construction Equipment / Tractor & Farm Equipment Loan Agreement, Version 6.0 · page 23, division fee schedule and footnotes · accessed 30 Sept 2026Open official source ↗
Table 2 · 8 rows · 2 columnsCommercial Vehicle Group and Construction Equipment — current prepayment scheduleFor facilities sanctioned or renewed from 1 January 2026. Charge depends on borrower type, rate type, revolving status, amount base, due date and notice.View tableHide table

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Commercial Vehicle Group and Construction Equipment — current prepayment schedule
Borrower / facility conditionCurrent charge
Individual, floating rate, any purposeNil
Individual, fixed rate4%; non-revolving: amount prepaid; revolving: not more than sanctioned limit; closure before due date
Micro/small enterprise (), floating rateNil
, fixed rate, sanctioned amount up to ₹50 lakhNil
, fixed rate, sanctioned amount above ₹50 lakh2%; non-revolving: amount prepaid; revolving: not more than sanctioned limit; closure before due date
Medium, non-individual borrower, fixed or floating rate4%; non-revolving: amount prepaid; revolving: not more than sanctioned limit; closure before due date
Other non-individual borrower/company, fixed or floating rate4%; non-revolving: amount prepaid; revolving: not more than sanctioned limit; closure before due date
Cash-credit/overdraft closed on due dateNo charge if non-renewal is notified at least 30 days before due date and the facility closes on that due date
  • Applies to the CV Group and Construction Equipment named schedule. Page 6 has a distinct RBG CV/CE schedule with 2% rows; exact RBG-vs-page-1 segment mapping is unresolved and is not substituted here.
  • All loans and advances sanctioned or renewed from 1 January 2026 are in the current schedule; the legacy column through 31 December 2025 is not used.
Prepayment Charges for Commercial Banking Business: Loans & Advances · page 1, CV Group/CE current schedule and footnotes · effective 1 Jan 2026 · accessed 30 Sept 2026Open official source ↗
Table 3 · 3 rows · 4 columnsContracted commercial-loan rates — quarter ended 30 June 2026Historical distribution of contracted loans; these are not current offers, APRs or customer eligibility thresholds.View tableHide table

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Contracted commercial-loan rates — quarter ended 30 June 2026
Product groupMinimum (%)Maximum (%)Mean (%)
CV Retail (Commercial Vehicle) Group7.6524.0011.93
CE Retail (Construction Equipment)7.7221.1310.90
TFE9.0129.4715.30
  • The official source table is for loans contracted in the quarter ended 30 June 2026. It does not state a period in the displayed percentage columns; no p.a. suffix is inferred. Product-specific is not supplied by this table.
Kotak Mahindra Bank — Interest Rates, loan pricing and contracted-loan disclosures · Contracted commercial-loan table; CV Retail, CE Retail and TFE rows, quarter ended 30 June 2026 · accessed 30 Sept 2026Open official source ↗

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