Machinery Loan

Interest from 7.5% p.a.

Machinery loans are designed to help businesses acquire industrial equipment, manufacturing machinery, and technology assets. Whether you need CNC machines, printing equipment, construction machinery, earthmoving equipment, or medical devices, machinery loans provide the capital needed to modernize your operations and boost productivity. Available for both new and pre-owned machinery with tenures up to 8 years.

Interest Rate

7.5% - 15%

Tenure

1 - 8 Years

Processing Fee

0.5% - 2%

Interested in Machinery Loan?

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Key Features

Up to 90% Financing

Finance up to 90% of equipment value

Quick Processing

Approval within 5-7 working days

Long Tenure

Repayment up to 8 years

Tax Benefits

Depreciation & interest deduction

Eligibility Criteria

Basic Requirements

Age: 21 to 65 years
Minimum Annual Income: ₹5,00,000
Minimum CIBIL Score: 650

Employment Type

self employedbusiness

Additional Requirements

Minimum 2-3 years business vintage
Profitable operations for last 2 years
Valid GST registration required
ITR for past 2-3 years

Required Documents

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Aadhaar Card*

12-digit unique identification number issued by UIDAI

Alternatives: Passport, Voter ID, Driving License

PAN Card*

Permanent Account Number for tax identification

Passport Size Photos*

Recent color photographs (2-4 copies)

ITR*

Income Tax Returns for last 2-3 years

Balance Sheet & P&L*

Audited financial statements

GST Returns

Last 12 months GST returns if applicable

Machinery Quotation*

Proforma invoice from machinery supplier with specifications

Business Registration*

GST certificate, Udyam registration, or incorporation certificate

Income Tax Returns*

ITR for past 2-3 years with computation of income

Benefits of Machinery Loan

Finance up to 90% of machinery cost

Competitive interest rates starting from 7.5% p.a.

CLCSS subsidy up to 15% (max ₹15 lakh) for eligible MSMEs

Both new and used machinery financing available

Tax benefits on depreciation and interest payments

Quick processing and disbursal

Frequently Asked Questions

What types of machinery can be financed?

All types of industrial machinery including manufacturing equipment, CNC machines, printing presses, construction equipment, earthmoving machinery, medical equipment, food processing units, and more can be financed.

Can I get financing for used machinery?

Yes, most lenders offer financing for pre-owned machinery. Typically 60-70% of the machinery value can be financed with shorter tenures of 3-4 years.

Is there any government subsidy available?

Yes, under the Credit Linked Capital Subsidy Scheme (CLCSS), eligible MSMEs can get an interest subsidy of up to 15% on machinery loans, capped at ₹15 lakh.

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