Equipment loan is an innovative retail loan product, initiated by quite a few banks to cater to the diverse needs of its customers. This loan category is comprehensive and can include construction farm equipment loans, medical equipment loans, office equipment loans etc. These loans are available at low interest rates and convenient EMIs. The amount of EMI will depend on a number of factors such as loan amount, tenure of loan, financial standing of the person taking the loan.
* Terms and conditions may vary from bank to bank.