Machinery is an essential part of any business. Machinery contributes immensely to following the production schedule on time. It enables to scale up the business. Machinery loans can be availed up to 80% of market value/invoice value by both,
1. A start-up unit that intends to set up a new unit and looking for a collateral-free loan
2. An existing unit looking for a loan against existing machinery
Grab the new opportunities with the equipment that will add speed and accuracy in your system. With the help of a machinery loan, you can add or enhance the productivity of your business.
Machinery Loans Facility Bank : NBFC’s
Type of loans available : Term Loan
Mode of Payment : EMI
Tenure : 5 years
Loan Amount : Up to 80% of the market value of machinery/ invoice value
Security Required :
Upto Rs. 3 cr. No additional collateral
Beyond 3 Cr. additional security required
We recommend you check loan-related expenses during the loan process while enquiring about the loan.
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