K&S Loan Mentors in the business since 1998.
Lowest Interest Rates – Calculate EMI – Check Eligibility – Instant e-Approval – Special Offers
It is important to keep up with the technological changes to meet customer demand and compete in the market. A machinery loan is a type of funding that often comes under the MSME loan category and is given to businesses for buying new or upgrading existing machines & equipment. Before lending money, the banks or NBFCs do check the credibility and profits of the borrowing authority. Here, the machines bought or upgraded serve as collateral until the loan is repaid completely. One can also get this loan to repair machines already being used for production.
If want to apply for a Machinery Loan, you must meet the following criteria.
Age Limit | The applicant should be min 21 years & max. 65 years. |
Income | Business should be profit making at least for the past 3 years |
Turnover | Rs. 250,000 p.a. should be the minimum annual income |
Co-applicants | Business should be profit making at least for the past 2 years |
Audited | We accept only audited financials by CA. |
Cash flow | On the other hand, we denounce with righteous indignation. |
Type of the Business | Proprietorship, Partnership, Pvt.Ltd. or Public Ltd. |
If want to apply for a Machinery Loan, you must have the following document.
Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
Monotonectally brand worldwide value before in seamless process data Collaboratively initiate strategic expertise after functionalized models in. Synergistically synthesize front-end convergence whereas resource tosynergy. Collaboratively the expedite focused architectures rather than resources. Enthusiastically extensive.
Have questions? Here’re the answers.
Machinery loans are unsecured however, the machines purchased serve as security until the complete repayment of the loan.
If you meet the eligibility criteria, the loan gets disbursed within 48 hours in most cases.
No, you can also take a machinery loan to upgrade existing machines & equipment and repair them.
WhatsApp us