Machinery loans are usually taken to either repay a faulty or broken machine or upgrade to a better version. Some unique benefits of taking machinery / equipment loan from Bajaj Finserv are:
Bajaj Finserv offers a Machinery loan of up to ₹ 30 lakh to help companies continue running their business without any financial roadblocks
No need for a guarantor or any collateral to avail equipment financing . Transparent policies with no hidden clauses.
A unique and innovative offering that allows you to manage your cash flows in a smarter and more effective manner. Flexi Loan Facility available of up to Rs. 30 lakh.
Benefits of a Flexi Loan Facility
Pay interest-only as monthly installment as compared to a term loan
Instant online facility to part prepay and withdraw (drawdown) through customer portal (Experia)
No limit on number of part pre-payments. No charges for part pre-payment
No charges for withdrawal (drawdown)
Flexibility to convert to term loan as per convenience
Bullet repayment option
No collateral/security required
No guarantors needed
On a regular basis, we introduce pre-approved machinery loan schemes which may include a top-up loan or discount in interest rates, etc.
On availing a loan for machinery or equipment from Bajaj Finserv, you will get online account access to all your loan information.
The following entities are eligible for Machinery or equipment financing from Bajaj Finserv:
Limited or Private Limited Company
Partnership or Proprietorship Firm
Chartered Accountant / Self Employed Professional
Here is a list of the Business Loan customer profiles that we consider:
We have an in-house business loan calculator to help you check your loan interest rate. The other charges are:
The part payment made should be more than 1 EMI. There are no part payment charges for flexi accounts.
If you’re looking to apply for a Machinery or Equipment Loan, online with Bajaj Finserv, click here
If you want us to get back to you, just SMS BL to 9773633633.
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