MACHINERY LOAN :
Upgrade Your Factory with Hassle-Free Machinery Finance
Key Benefits
Quick Disbursal: Fast-track approvals to help you acquire machinery without delays.
High Loan Amounts: Avail funding up to ₹5 Crores or more based on business profile.
Flexible Tenure: Repayment options ranging from 12 months to 7 years.
Affordable Interest Rates: Competitive rates tailored to your credit profile and business strength.
Collateral-Based & Unsecured Options: Loans available with or without asset backing.
Tax Benefits: Interest paid may be eligible for tax deductions as a business expense.
Boost Productivity: Upgrade or purchase new machinery to increase output and efficiency.
Documents Required
1. KYC Documents (For Business & Owner):
PAN Card, Aadhaar Card, Passport, Voter ID, Driving License.
2. Business Proof:
GST Registration Certificate
Business Registration Certificate / Shop Act / MSME Certificate
Partnership Deed / MOA & AOA (as applicable)
3. Financial Documents:
ITR (Last 2–3 years)
Audited Financials (Profit & Loss, Balance Sheet)
Bank Statements (Last 6–12 months)
Machinery Quotation or Invoice:
Proforma invoice or quotation from machinery vendor (mandatory for loan disbursal)
Other Documents:
Address Proof (business and personal)
Loan repayment track (if any existing loans)
Eligibility Criteria in India
Age: Applicant must be between 21 to 65 years of age.
Business Vintage: Minimum 2 years of business operations.
Business Type: Sole Proprietors, Partnerships, Private Limited Companies, LLPs, MSMEs, and Manufacturers.
Credit Score: A minimum score of 700+ is preferred.
Turnover: Annual turnover should meet the lender's requirement (usually ₹10–50 Lakhs+ depending on the lender).
Profitability: The business should be profit-making for at least the last 1 financial year.
