Business Loan
Loans for traders, shop owners, manufacturers and service businesses to grow or run the business, through our partner banks and NBFCs.
Loans
Finance to buy new or used machinery, tools and equipment for your factory, workshop, clinic or shop, arranged through our partner banks and NBFCs.
- Loans
- Usually 1 to 3 weeks from a complete file, depending on the lender and amount*
About Machinery and Equipment Loan
A machinery loan helps you buy the equipment your business needs to grow, from a CNC machine or printing press to medical equipment, a commercial oven or a generator. The machine itself is often the security for the loan.
We help you collect the supplier quotation, business and income documents, prepare a short project note where the lender asks for one, compare partner banks and NBFCs and follow up until the lender decides.
Machinery loans are subject to the lender’s approval and credit policy. We are not the lender.
EMI Calculator
Estimate only. The actual rate, EMI and eligibility are decided by the lender.
Who Needs This Service
- Manufacturers and small factories adding or replacing machines
- Workshops, printing units and fabrication shops
- Doctors, diagnostic centres and clinics buying medical equipment
- Restaurants, bakeries and shops buying commercial equipment
Key Benefits
Grow without blocking cash
Spread the cost of the machine over monthly EMIs instead of paying it all at once.
Machine as security
Many lenders accept the machine itself as the main security, as per their policy.
Government schemes checked
We tell you if a government credit guarantee or subsidy scheme may apply to your case.
Complete file
Quotation, KYC, financials and project note checked before you apply.
Eligibility and Applicability
- Proprietorships, partnerships, LLPs and companies with a running business
- New units with a sound project plan, as per the lender’s policy
- New or used machinery from a known supplier with a proper quotation
- Udyam registration helps for MSME schemes
Margin money, vintage of business and loan limits differ by lender. We confirm the current criteria before you apply.
Documents Commonly Required
Business
- KYC of the business and owners (PAN, Aadhaar)
- Udyam, GST or trade licence
- Supplier quotation or proforma invoice for the machine
- Short project note, for new units or large amounts
Financials
- ITR with computation for the last 2 years
- Balance sheet and profit and loss account
- Bank statements for the last 12 months
- Details of existing loans, if any
Document requirements can vary with the lender, product and your profile. We confirm the exact list before you visit. Never share OTPs or passwords with anyone.
Step-by-Step Process
Share the machine details
Tell us what you want to buy, the cost and how it will help the business.
Eligibility check
We review your financials, credit score and existing loans.
Project note and file
We prepare the project note if needed and check every document.
Compare lenders
We explain the offers from partner lenders, including margin and tenure.
Sanction and payment
After sanction, the lender usually pays the supplier directly.
Estimated Timeline and Fees
Estimated timeline
Usually 1 to 3 weeks from a complete file, depending on the lender and amount
Larger loans, new units and used machinery may need inspection and take longer.
Our service fee
Our fee for file and project note preparation is quoted in writing before you start.
Lender / third-party charges
The lender may charge a processing fee, documentation charges and stamp duty as per its policy.
* Approval, interest rate, margin, loan amount and tenure are decided by the lender under its credit policy.
Common Mistakes to Avoid
- Buying the machine before the loan is sanctioned and expecting a refund later
- Using an informal quotation without the supplier’s GST details
- Not planning for the margin money you must pay yourself
- Ignoring the running cost and EMI together when checking affordability
Frequently Asked Questions
Can I get a loan for used machinery?
Some lenders finance used machinery after a valuation. The amount is usually lower than for a new machine. We tell you which partner lenders consider it.
Do I need to give property as security?
Not always. Many lenders take the machine as the main security, and some cases may be covered under a government credit guarantee scheme. Larger amounts can need extra security.
How much do I need to pay myself?
Lenders usually ask you to pay a part of the cost, called margin money. The percentage depends on the lender and your profile.
Is a project report needed?
For new units or larger loans, lenders often ask for one. We can prepare it with you. See our Project Report and CMA Data service.
Related Services
You May Also Need
Project Report and CMA Data for Bank Loans
Bank-ready project reports, CMA data and projected financials for business loans, CC limits, Mudra, machinery loans and government schemes.
MSME / Udyam Registration
Help registering your micro, small or medium enterprise on the official Udyam portal, and keeping the registration up to date.
Talk to Our Team
Have a Question About Machinery Loan?
Call, WhatsApp or visit our office. We will explain what applies to you, the documents needed and all charges before you decide.
- Callback during office hours
- Written quote before any work begins
- No obligation to proceed
Speak to an expert
Tell us what you need. We will explain the documents, process and fees before you decide.
Send an Enquiry Chat on WhatsApp Request a Callback