What percentage of funding can I get on used construction equipment?

Most lenders finance up to 75–85% of the equipment’s value, depending on age and condition.

Are interest rates higher for used construction equipment loans?

Yes, slightly higher than new equipment loans, but FinJ helps you compare lenders to secure the best EMI.

How fast can I get the loan amount disbursed?

Approvals generally take 24–48 hours, with disbursal in 2–4 working days.

What documents are required for a used construction equipment loan?

You shall need PAN, Aadhaar, ID proof, business proof, bank statements, and ITR (if available).

Can I get a loan without a strong credit score?

Yes, lenders often provide secured loans even if you don’t have a strong credit history.

What factors affect loan eligibility?

Condition of the equipment, borrower’s income, project pipeline, and repayment capacity.

Can repayment be structured according to project cash flows?

Yes, repayment cycles can be tailored to match your project timelines and business cash flow.

Why should I choose FinJ for a used construction equipment loan?

FinJ offers multiple lender options, faster approval, transparent processing, and contractor-friendly EMIs in one place.

Used Construction Equipment - Easy Finance

Buy used construction equipment easily with FinJ's quick approval, low EMIs, and simple finance options to grow your business.

Check your eligibility in seconds. No credit score impact.

Trusted Partners

Double Earnings

Satisfaction Guaranteed

Best Interest Rates

100%

Best Interest Rates

100%

Satisfaction

Hidden Charges

1,00,000+

Happy Customers

Why FinJ for Used Equipment Loans?

Brand-new construction equipment can be expensive, but pre-owned machines offer great performance at a lower price. With the right loan, you can boost your business efficiency without exhausting your savings. FinJ makes this possible with:

Quick Loan Approval

Apply online and get your loan sanctioned within hours instead of waiting for weeks.

Low Interest Rates

Compare interest rates for used construction equipment loans from India’s top lenders and choose the best EMI plan.

Easy Repayments

Pay back in easy monthly installments ranging from 12 to 48 months, aligned with your project cash flow.

Minimal Paperwork

Forget heavy paperwork. Just upload your basic KYC and business proof online for quick loan processing.

Calculate Your EMI

Loan Amount

Tenure

% Interest Rate

Monthly EMI

₹8,699

Principal Amount₹1,00,000

Total Interest Payable₹4,388

Total Amount Payable₹1,04,388

*For representation purpose only. Final values may vary subject to bank's policy.

Eligibility & Documents Required

Who Can Apply?

Minimum age: 21 years with a stable source of income

A good credit score (750+) increases chances of approval but is not mandatory

Contractors, builders, rental business owners, or material handling operators

Note: Loan sanctioning is subject to the lender’s policies and internal checks.

Our Lending Partners

FinJ works with top banks and NBFCs to offer the best used equipment loans. Compare options and pick one that fits your budget.

Interest Rates on Used Equipment Loans

Find the most competitive interest rates from India's top banks & NBFCs for your used construction equipment loan.

4 Simple Steps to Get Your Loan

FAST, SIMPLE & SECURE

Upload Documents

Provide your KYC, income details & equipment purchase info.

Quick Verification

Get instant verification from multiple lenders.

Loan Approval

Receive offers and choose the one that best suits your business.

Fund Disbursal

Loan amount is directly credited to the seller or dealer for a smooth purchase.

Customer Testimonials

Hear From Our Happy Customers

Rakesh Verma

(Uttar Pradesh)

Mujhe ek second-hand JCB backhoe loader kharidna tha. FinJ ke through loan apply kiya aur within 3 din approval mil gaya. EMI options bhi bahut flexible the.

Sumanth Reddy

(Telangana)

Mera construction rental business expand karna tha. FinJ ne mujhe used excavator finance karne mein madad ki. Process simple tha aur interest rate bhi reasonable mila.

Frequently Asked Questions

Simply register with your mobile number, upload required documents, and compare offers online.