Features & Benefits

• Finance for new / used machinery & equipment
• Tenure typically 12–84 months (as per lender)
• Funding up to 75–100% of machinery value*
• Quick processing & faster disbursal

*Eligibility depends on business profile, machine type & lender policy.

Eligibility & Documents

Eligibility

• Businessman / Manufacturer / SME / MSME / Company
• Minimum business vintage: 2–3 years
• Stable turnover & satisfactory banking
• CIBIL / credit score 650+ preferred

Key Documents (PDF)

• Last 3 years ITR & balance sheet
• Last 12 months bank statement
• PAN, KYC, GST / ROC documents
• Proforma invoice of machinery to be purchased

Fees & Charges

• Interest Rate: typically 12% – 18% p.a.
• Processing Fees: 1% – 2% of loan amount
• Documentation / technical evaluation charges as applicable
• Foreclosure / prepayment charges: 2% – 4% (lender specific)
• Late payment & penal charges as per sanction terms

Actual pricing is decided by respective Banks / NBFCs / Private Lenders after assessment.

How It Works

1. Submit online application with business & machinery details
2. Upload ITR, bank statements & proforma invoice
3. Lender evaluates profile, cash flows & machine cost
4. Loan is sanctioned & disbursed to supplier / your account as per structure

Processing timelines may vary based on lender, ticket size & documentation.