Machinery Loans at simple eligibility criteria and minimal documentation.
Features of Machinery Loan
Machinery Loans given for purchase of industrial machinery to small and medium enterprises.
- Attractive Interest Rates
- Documentation Made Easy
- Quick Processing
- Fulfill Your Every Need
Who Can Apply
Purpose: Our machinery loan facility can be used for purchasing new and refurbished industrial machinery so that you can meet your business expansion requirements.
Self-employed individuals and the following entities are eligible for machinery loans:
- Proprietorships
- Partnerships
- Limited Liability Partnerships
- Private Limited Companies
- Limited Companies
Interest rate prevailing for the loan
period / scheme
36 Months @18%
Documents Required
| Income Proof of Applicant(s) & Guarantor(s) Identity proof of promoters(Any One) – Voter ID Card / PAN Card / Passport / Driving License / Aadhar Card / Govt. issued document + Photograph / Bank Sign Verification + Photo Income Proof – Sales and purchase bills / ITR / Financials with all schedules of last 3 Years | KYC documents of Firm Bank Statement – Last 1 year bank statement of all bank accounts Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any Original & Valid quotation of machine to be purchased |