What is a Loan for Machinery & Equipment?

  • Machinery & Equipment loan are available to SME / Corporate businesses to fund the purchase of Machinery & Equipment to companies.
  • Machinery & Equipment Loan are without any collateral security other than machinery.

Features & Benefits & ROI

  1. Banks / Financial institutions are available for the purchase of Machinery & Equipment.
  2. Machinery Loan is disbursed in the form of a Term Loan repaid in EMIs.
  3. Machinery Loan interest rates are in between 12%-16%.
  4. The Loan Tenure from 12 months to 60 months.
  5. Minimum age of 21 years and maximum age of 65 years
  6. Minimum 3 years of business vintage and 2 years in same line of business.
  7. The business should be profit making for at least last 2 years & financial should be audited available.

Machinery & Equipment loans Eligibility Entities

 

  1. Sole proprietorships
  2. Self employed Professionals
  3. Partnerships Firm
  4. Private Limited Companies
  5. Limited Companies

Loan for Machinery and Equipment Eligibility Calculator

Required Document List for Machinery & Equipment Loan

 

Please Check Here your required Document List for Business loan eligibility.