Equipment&Machinery Loan ✔ Equipment Financing of upto ₹30 Lakh ✔ Nominal Machinery Loan Interest Rate ✔ Minimum Documentation ✔ No Collateral Needed ✔ Check Your Eligibility Online ✔ Apply Now&Avail Exciting Offers

What is a Machinery Loan?

A machinery loan helps you finance the acquisition of machinery and equipment that your business requires in order to continue its operations. It helps you fund the lease or purchase of new machinery, as well as the repair of existing machinery that may have broken down.

Machinery Loan: Features and Benefits

Loan up to Rs. 30 lakh in 48 hours:

With Bajaj Finserv, you get a machinery loan up to Rs. 30 lakh. The high loan value, coupled with a fast disbursal time of just 48 hours means that you get finance to acquire new machinery for your business without hassles or delay.

No collateral required:

There is no need for you to pledge any collateral in order to avail a machinery loan from Bajaj Finserv, making the application process easier for you.

Doorstep service:

When you apply for a machinery loan, you will get doorstep service to help make the loan application process faster and more convenient.

Business line of credit:

When you take a business line of credit as your machinery loan, you can save up to 45% on EMIs. A business line of credit is a pre-set credit line from which you can withdraw and repay funds whenever you need. You need to pay on the interest on the borrowed amount as EMI, thus having a lesser burden of repayment to deal with.

Minimal documentation:

passport-sized photograph, KYC documents, proof of business vintage, and relevant financial documents.

Interest Rates and Charges

Type of Fee Charges Applicable
Interest rate 16-35%
Processing fee Up to 2%
Loan statement charges NIL
Part-repayment charges NIL*
Interest and principal statement charges NIL
EMI bounce charges Rs. 2,500 per bounce*
Penal interest 2% per month

*Applicable after the first EMI is cleared.

Check your EMI using our Business Loan EMI Calculator

Eligibility Criteria

  • Self-employed individuals who have been running a business for a minimum of 3 years.
  • Entities like partnerships, limited liability partnerships, private limited companies, and closely held limited companies.
  • Other applicant types, depending on their profile, on a case-to-case basis.

Documents Required

Passport-sized photograph

KYC documents

Certificate of business establishment as proof of business

Audited turnover of the previous year

Bank account statement of at least 2 previous months

How to Apply

You can apply for a business loan by filling in the online application form here.

In 24 hours, you will get a call from our representative, who will tell you your pre-approved loan offer.

After this, you will need to submit the required documents to our representative. Once your documents have been verified, it will take 48 hours for your machinery loan amount to be disbursed into your bank account.

Have questions? Get all your answers here.

Line of credit facility

Business loan allows you to avail ‘line of credit’ facility, also known as ‘flexi line’. Line of Credit is a unique credit facility given to our loan applicants, wherein you are approved for certain limit of credit/ loan, for a said duration. The monthly instalment for Line of Credit will consist only of the interest amount and will not have a principal component on a monthly basis. The principal amount of loan is to be repaid at the end of the tenure of the facility. Hence, it acts as a big saving arm to your cash flows.

Benefits of Line of Credit

  • Your monthly instalment is only the interest amount charged for the month, unlike any other term loan.
  • Access all your loan related information or transactions online at our customer portal
  • You can opt to part- prepay your loan amount, anytime of the year, with no additional charges.
  • No additional cost levied on withdrawals/ drawdown
  • Convert your term loan into line of credit, anytime of the year
  • Bullet repayment option available at the end of the year.

Contact Us

For existing customers

Follow these simple steps to use our toll free IVR

  • Dial 020 3957 4151
  • Enter your 7-digit BFL Customer ID
  • Select from various IVR options
  • Access IVR in 10 languages : English, Hindi, Bengali, Marathi, Punjabi, Gujarati, Tamil, Telugu, Kannada and Malayalam


Write to us at with your queries

SMS updates

SMS <<keyword below>> to +91 92275 64444
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CUSTID to know your customer ID
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EMI LAN to know your loan/ EMI details
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(Your mobile number should be registered with us for this facility). Standard SMS Charges applicable

Visit our branch to:

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  • Foreclose your loan
  • Claim a refund

To know the address of your nearest branch click here

Follow these simple steps to log on to our Customer Portal (Experia)

  • Visit
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  • Access all loan details
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