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Credit For Machinery Loan
Machinery Loan
Features
Competitive Interest Rates
Quick Disbursal
Loan up to ₹5 Crore
Flexible Repayment Tenure
Collateral-Based Loans
Hassle-Free Documentation
Machinery Loan Benefits
- Modernize Operations: Invest in the latest machines to enhance productivity.
- Boost Output: Expand manufacturing capacity with efficient equipment.
- Customized Loans: Tailored solutions for small to large scale industries.
- Minimal Financial Strain: Easy EMIs to reduce burden.
Machinery Loan Eligibility Criteria
To apply for a machinery loan, you must:
- Be an Indian manufacturer, trader or service provider
- Have a valid business registration
- Maintain a stable income/revenue stream
- Minimum business vintage of 1 year preferred
Documents Required for Machinery Loan
- Business Registration Certificate
- Identity & Address Proof of Proprietor
- Bank Statements (Last 6 months)
- Quotation/Proforma Invoice of Machinery
- ITR/Balance Sheet for last 1-2 years (if applicable)
Check Your Machinery Loan Eligibility
Calculate your funding requirements for equipment purchase.
Machinery Loan EMI Calculator
Plan your repayments and assess affordability using our EMI calculator.
Fees and Charges
Below are indicative charges involved with machinery loans:
| Particulars | Charges |
|---|---|
| Processing Fee | 1% to 3% of Loan Amount |
| Documentation Charges | As applicable |
| Prepayment Charges | 0% to 4% based on lender |
| Late Payment Charges | 2% per month on overdue EMI |
| Stamp Duty | As per state laws |
| Foreclosure Charges | 0% to 5% depending on terms |
Note: Charges and interest rates may vary based on credit profile and lender policy. Always check final loan agreement.