A Construction Machinery Loan is a loan extended in the form of a term loan for the purchase of construction machinery such as dozers, graders, loaders, excavators, scrapers, rollers, asphalt pavers, crushers, concrete batching plants, concrete pavers, cranes, drilling rigs, wagon drills, chip spreaders, and concrete mixer mounted on trucks.
The loan does not, however, include the cost of spare parts
The construction machinery to be bought should be held as collateral and registered with the appropriate government organ.
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