BEML and Syndicate Bank, one of the oldest and leading public sector bank, have signed a memorandum of understanding (MoU) for financing Earth Moving & Construction Equipment manufactured by BEML.
Under the MoU, BEML will nominate Syndicate Bank as a preferred financer for financing its customers. The customers under the tie-up arrangement will be provided loans in the range of Rs 20 lakh to Rs 300 lakh and preferential pricing by Syndicate Bank. Financing Equipment of BEML will be covered under ‘SPECIAL’ scheme of the Bank.
BEML a leading mining and construction equipment manufacturer has designed and developed indigenously over 40 products through its R&D, and are not only working in India but also in 65 countries around the world.