Machinery Equipment Loan
Types of Machinery Equipment Loan
- Printing Equipment
- Medical Equipment
- Construction Equipment
- Manufacturing Equipment
- Aviation industry Equipment
- Plastic and Packaging Equipment
Contact Us
Interest Rates & Loan Offers
Compare rates from multiple lenders, make an informed decision andsave money on your loan with the right rate.
| Bank Name | Interest Rate |
|---|---|
|
ROI |
11% to 16% |
Eligibility Criteria
Understand the requirements and Maximise yourchances of getting approved for a loan.
- Applicant’s age must be between 21 years to 65 years at the time of loan maturity
- Business vintage to be minimum of 2 years
- Applicant should not have defaulted on any previous loan or credit card EMIs
- Applicant with good credit score and repayment history Benefits
Loan Benefits
- It helps to buy new equipment/machinery for new or existing business
- Used to refurbish, modify or change existing machinery/equipment
- To repair faulty machines or equipment or to upgrade
- Flexible loan repayment options with easy EMIs
- Machinery loan for startups is an additional benefit for new businesses
Documents Required
These are the basic documents required to get you started.
| Documents Required | Business |
|---|---|
|
KYC Documents |
|
|
PAN Card
|
|
|
Aadhar Card |
|
|
Passport |
|
|
Voter’s ID card |
|
|
Driving License |
|
|
Water and Electricity Bills |
|
|
Proof of income |
|
|
Business vintage and existence proofs
|
|
|
Last 2 year’s ITR & Last 1 year’s bank statement |
|
|
Existing facility sanction letter |
|
|
Original and valid quotation of the machine(s) – To be purchased |
|
|
Additional documents, as required by the lender |
|