SIB CE Plus

Seamless Equipment Finance for Construction & Hiring Businesses

Access to funds is crucial for equipment acquisition, cash flow management and keeping project schedules for infrastructure projects. Whether you are a contractor expanding your fleet or an equipment hire firm looking to expand operations, flexible and efficient funding makes a big difference. SIB CE Plus is customized to such requirements and offers seamless fund solutions with 100% financing, reimbursement and loan takeovers to ease financial strains.

Key Features and Benefits

Up to 100% Financing

Flexible Repayment Tenure

Competitive Interest Rates

Hassle-free Application Process

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Here are the key benefits of SIB CE Plus Loan:

Tailored for Contractors & Hirers - Designed for businesses involved in equipment hiring for hirer profiles and completion of work orders from reputed principals for contractor segment
Multiple Loan Options - Finance available for new equipment purchase, reimbursement within 3 months, or takeover of existing equipment loans
Flexible Loan Limits - Funding from Rs. 1 Lakh up to Rs. 10 Crore to meet varying business needs
Competitive Interest Rates - Attractive rates of interest with zero hidden charges, ensuring cost-effective financing
High Loan-to-Value - Maximum eligible funding on equipment value, subject to policy norms

Criteria	Requirement
Age Limit	21–65 years (applicant should not exceed 65 at loan maturity)
Loan Amount	Minimum: 1.00 Lakhs Maximum: 10.00 Crore
Business/Employment Stability	Minimum 2 years in current business/profession
Residence Stability	Minimum 2 years at the current address
Credit Score (Individuals)	Minimum CIBIL score of 700
Credit Rating (Non- Individuals)	CMR rating between 1 and 5
Financial Viability	Bank will assess business stability and creditworthiness

Document Type	Required Documents
KYC Documents	Individuals - PAN Card, Aadhaar Card (borrower, co-applicant(s), guarantor(s)) Other Businesses - All applicable KYCs of the firm based on the constitution
Income Document	ITR for the last 3 years
Financial Statements	Audited financial statements (last 3 years)
Net Worth Statement	Required for all applicants
Existing Loan Details	Loan account statements, EMI obligations
Bank Statements	Last 12 month's operating account statements (OD, CC, or CA)
Quotation	Proforma invoice for equipment purchase
Work Orders	Required for contractor profiles
GST Returns	Latest quarterly/half-yearly returns

Category	Details
Interest Rates	Check Interest Rates
Additional Charges	Click here for Service Charges

Online Application:

Enter your details here and our representative will connect with you.

Offline Application:

Visit Your Nearest Branch – Bring the required documents and discuss your needs with our loan officer. Branch locator
Complete the Application Process – Submit the necessary paperwork for verification.
Approval & Disbursal – Once approved, funds are made available quickly.