What is a machinery loan, and how does it work?
2 min read
A machinery loan is a credit facility that helps you borrow funds to buy, lease, repair or upgrade machinery. It is a type of business loan that enables you to improve your productivity and efficiency without compromising your working capital.
Meet our eligibility criteria to apply for a machinery loan and get the following benefits:
- Collateral-free machinery loans up to Rs. 80 lakh at attractive interest rates
- Flexible repayment tenor of up to 96 months
- Convenient Flexi facility allowing you to manage cash flows better
- Pre-approved offers that further simplify the process of getting the loan
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