K&S Loan Mentors

K&S Loan Mentors in the business since 1998.

Instant Approval For Machinery Loan

Instant Approval For Machinery Loan

Lowest Interest Rates – Calculate EMI – Check Eligibility – Instant e-Approval – Special Offers

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Easy to apply for a loan with us,Once you have complete this form.

Machinery Loan – A Quick Glimpse

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.

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Here Are Some of the Benefits of Availing of an MSME Loan

Machinery Loan Eligibility

If  want to apply for a Machinery Loan, you must meet the following criteria.

 

Age LimitThe applicant should be min 21 years & max. 65 years.
IncomeBusiness should be profit making at least for the past 3 years
TurnoverRs. 250,000 p.a. should be the minimum annual income
Co-applicantsBusiness should be profit making at least for the past 2 years
AuditedWe accept only audited financials by CA.
Cash flowOn the other hand, we denounce with righteous indignation.
Type of the BusinessProprietorship, Partnership, Pvt.Ltd. or Public Ltd.

Documentation

If want to apply for a Machinery Loan, you must have  the following document.

Easy & Quick Loan Process

Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours

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We will customize a loan based on the amount of cash your company need term length

Get an Instant Decision

We will customize a loan based on the amount of cash your company need term length

Get Funding Fast

We will customize a loan based on the amount of cash your company need term length

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Frequently Asked Questions

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.