Machinery Loan

Machinery Loan

Whether it’s a new business, one that is in its initial stage of development, or one that is existing business/ growing at a steady rate, advanced what is machinery and equipment are the key to consistent productivity and better sales. Not only do they help in reducing the need for manpower but also help in meeting the peak season demand and this ensures greater sales and profits. Enterprises whose working capital is insufficient for equipment financing can opt for a machinery loan.

What is a Machinery Loan?

A machinery loan is a varied type of business loan that is availed for the purpose of financing the purchase of new equipment or machinery for a business.

Modern business tools and state of state-of-the-art the art equipment are a great way to expand your business but finding the right financing for them can be difficult at times.

A machinery loan makes equipment financing easy and removes any roadblocks in achieving business success.

Key Offerings:

Maximum Loan Amount- Under how to apply machinery loan, it offers a wide range of customized loan options ranging from Rs.5 lakh to Rs.75 lakh to meet machinery requirements.

Loan Tenure — A machinery loan can be obtained for a tenure that ranges from 12 months (one year) to 36 (three years).

No Collateral Needed — Getting such a loan comes with no collateral facility, which means you will not be required to provide collateral.

Easily Qualifying Eligibility — When it comes to machinery loans, the eligibility criteria are easier as compared to other loans and it increases your chances of qualification.