EQUIPMENT FINANCE :
Get the Equipment You Need – When You Need It
Key Benefits
Preserve Cash Flow: Acquire machinery while keeping your working capital intact.
Flexible Repayment: Customized tenure and EMI options to suit your business cycle.
Tax Benefits: Depreciation and interest payments are often tax-deductible.
Quick Disbursal: Fast processing and approvals to meet urgent business needs.
Up-to-Date Machinery: Stay competitive with access to the latest equipment and technology.
Collateral-Linked Funding: Loans secured against the equipment itself.
Documents Required
Business Proof: Business registration documents (e.g., GST certificate, Partnership Deed).
Financials: Last 2-3 years' audited Profit & Loss statements, Balance Sheets, and ITRs.
Bank Statements: Last 6-12 months' business bank statements.
Equipment Invoice: A quotation or proforma invoice from the supplier.
Eligibility Criteria (India)
Business Age: Minimum 1–2 years in operation with proven continuity.
Applicant Age: 21–65 years.
Business Type: Sole Proprietors, Partnerships, LLPs, Pvt. Ltd., and Public Ltd. Companies.
Credit Score: Preferably 650 or above (for business and owner/director).
Profitability: The business should be profit-generating for at least the last financial year.
Turnover: As per lender requirements (varies between ₹10 lakhs to ₹50 lakhs+ annually).
Loan Amount: Typically ₹1 lakh to ₹5 crores depending on business profile and equipment cost.
