Business financing
Machinery & Equipment Loan
Fund capacity expansion with the machine as collateral.
Interest rate
From 11.25% p.a.
Maximum amount
Up to ₹3 crore
Tenure
12 – 84 months
Processing time
7–12 days
Key features
- Up to 90% of invoice
- New & refurbished machines
- Structured moratorium
Eligibility
- 3+ years vintage
- Profitable in 2 of last 3 years
Documents required
- Proforma invoice
- Financials 3 years
- KYC of firm & promoters