Sany Bharat and the Union Bank of India recently signed a Memorandum of Understanding (MoU) to make equipment financing an affordable, cost-effective, and straightforward process . Sany equipment buyers will now be eligible for a loan of up to 90% of the cost .
Sany Bharat (Maharashtra, India), November 22 (): Sany Bharat and the Union Bank of India recently signed a Memorandum of Understanding (MoU) to make equipment financing an affordable, cost-effective, and straightforward process.According to the agreement, the Union Bank network will extend equipment financing to Sany Bharat customers around the region, which will increase the Banks portfolio under equipment financing.Although both sides have agreed to unite resources and abilities for mutual benefit, Sany equipment buyers will now be eligible for a loan of up to 90% of the cost.Sany customers will be able to budget their money and help with loan repayment thanks to the bank's flexible payment plans.
Ltd., and CM Minocha, Chief General Manager, MSME, Union Bank of India.Union Bank of India has eased the financial burden on our current and potential customers by focusing on the MSME market, he said.Sany equipment, it's a well-known attribute, represents durability, efficiency, and versatility.Interest rates will no longer prohibit our customers from being a proud owner of Sany equipment when joining hands with the Union Bank of India. According to recent reports, Union Bank of India has increased funding for the retail and construction Equipment Sector from a 10-lakh loan to Rs.500,000.Sany Bharat offers the largest range of Construction Machinery in India & South Asia at 50 krores.Sany Bharat invested more than INR 750 crores to improve its Chakan, Pune, research and development center, as well as quality assurance, testing, and support. Sany Bharat currently offers products such as excavators, truck-mounted cranes, all-terrain and rough terrain cranes, crawler cranes, transit mixers, batching plants, boom pumps, trailer pumps, piling rigs, motor graders, pavers, milling equipment, compactors, reach stackers, rubber tyred gantry cranes, rail-mounted gantry cranes, mining equipment, wind turbine generators, and many others.Sany also has more than 23000 machines on the market, contributing to infrastructure development projects in India and other South Asian countries.Sany Bharat has carved a niche for itself in the construction equipment industry thanks to its broadest product range, superior build quality, customer service, innovative solutions, and global expertise.The company is poised for a tremendous rise thanks to India's continued emphasis on infrastructure growth and modernization. The author is not responsible in any way for the content of this article.