Purchasing equipment of a business usually involves high expenses. In case of shortage of capital, it can be funded through equipment financing. Bajaj Finserv brings Loan Against Machinery that comes with a large amount and is processed easily.
Fulfil easy-to-meet eligibility criteria and documentation required to complete your application process successfully. Get the loan amount disbursed within 4 days of approval. Opt for a convenient repayment tenure up to 18 years and pay off the secured loan with ease.
The attractive equipment financing rates of interest offered by Bajaj Finserv makes the credit more affordable. We offer a completely transparent policy with no hidden charges involved.
Bajaj Finserv brings you Equipment Finance on Property at the best loan interest rates. With affordable fees and charges, it is easier to bear the cost of borrowing over the repayment tenure. Check out the costs involved.
Equipment financing with collateral attracts an interest rate margin between 10.50% and 14.50% - Bajaj Finance Limited Floating Reference Rate for Self-Employed Customers
The BFL-SE FRR stands at 20.90%.
Equipment finance on property also attracts other nominal charges.
Also Read: How to use Term Loan Calculator
Along with affordable equipment lease rates, choose to foreclose your Bajaj Finserv loan account with a lump sum amount at minimal foreclosure charges.
The fees are applicable depending on the type of borrower and interest rates applicable on loan.
Additional Read: What Is The Repayment Tenure For A Loan Against Property?
Equipment financing rates when choosing to part-prepay the loan amount are negligible too. To pay the minimal charge, make part-prepayment of at least more than one EMI.
Meet necessary loan eligibility criteria and avail the low interest small business loans without any complications. Use the high-value loan amount to purchase heavy capital intensive equipment and improve business performance. Also, repay conveniently with a long repayment tenure of up to 20 years. Use Bajaj Finserv’s Loan Against Property EMI Calculator to plan your finances strategically.
