Machinery loan
Machinery loans to upgrade your production
Replace old equipment or add new capacity with a loan against the machinery you buy — we compare lenders and handle the paperwork with you.
- New machinery and upgrades
- Based on the supplier’s invoice
- Repay over several years
- Minimal paperwork, handled with you
About machinery loans
Keeping up with technology means replacing machines before they hold your business back.
A machinery loan funds a large share of the machine’s cost, repaid from the extra output it generates.
Documents usually needed
- KYC of the business and promoters
- Proforma invoice or quotation for the machinery
- ITRs and financials for the last 2 to 3 years
- Bank statements for the last 12 months
Download the full machinery loan documents checklist (PDF)
Your consultant confirms the exact list for the lender you choose.
Who is eligible
Self-employed individuals and businesses. Lenders mainly look at:
Business potential
How the new machinery will grow your business.
Revenue
Your present and expected revenue to repay the loan.
Credit history
A good credit record for the business and its promoters.
The machinery and supplier
A quotation from a recognised supplier, for machinery with good resale value, supports a higher funding share.
What you get
Funded on the invoice
The loan is linked to the cost of the machinery you buy.
Several years to repay
Tenure is set to match the machine’s working life and your cash flow.
Quick turnaround
Complete papers mean faster decisions — we make sure yours are complete.
New business?
Start-ups can also apply, usually with additional security.
Work out your EMI
Change the amount, rate and tenure to see how the monthly instalment and total interest move. A longer tenure lowers the EMI but raises the total interest you pay.
Your consultant will show you the actual figures from each lender before you decide.
EMI calculator
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- Total interest
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Example figures only. Your actual rate, fees and EMI depend on the lender and your profile.
Ready to compare offers?
Tell us what you need and a consultant will call you back — usually within one working day. The first consultation is free.