Get a Machinery Loan

We are channel partner with major lenders of Machinery loan. Machinery loan is a type of Business loan to aid entrepreneurs, small Business owners or Companies to procure machinery or equipment for various business operational purposes; with this loan you can purchase new machinery.

We can fund up to 10cr in Machinery loan with hypothecation on machinery only. Loan amount would be up to 90% * of machinery quotation. No secondary collateral required. Machine should be new and standard. We can fund for all Imported and local manufactured machines.


Features and Benefits

Loan Amount

10 Lacs to 10 Cr

Tenure

1 to 7 years

Security

New and Standard Machinery


Eligibility and Documents

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  • Minimum turnover of * 25 Lacs Proprietorship, partnership firms and closely held private limited companies
  • Profit-making business
  • Minimum 3 years of track record in the business
  • Financials & ITR
  • Business Loan - 2 years
  • Equipment & Secured Loan - 3 years
  • Primary bank statement for last 6 months
  • KYC documents of director(s)/ partner(s)/ firm
  • Existing facility / loan sanction letters
  • Machinery invoice (if applicable)