Your industrial equipment refinance loan with us

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Industrial Equipment Refinance

3 unique variants | Up to Rs. 15 Crore | Tenure up to 120 months
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Trusted by 3 lakh+ customers

Industrial Equipment Refinance
3 unique variants | Up to Rs. 15 Crore | Tenure up to 120 months
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Quick approval

Your loan application will be approved in 48 hours* of submission.

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3 Unique variants

Choose from our EMI Holiday, Principal MORAT and Term Loan variants

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Minimal Documentation

To apply for our industrial equipment finance, you need three main documents. 1. Your KYC documents as proof of identity and address. 2. Your PAN card. 3. Proof of business ownership. Any additional financial documents required will be communicated based on your application details.

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Flexible Loan Repayment

Plan your loan repayment and choose a tenure that suits you the best.

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Quick approval

Your loan application will be approved in 48 hours* of submission.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/ief/feature-icon/IEF_PDP_featureicon_02.png
3 Unique variants

Choose from our EMI Holiday, Principal MORAT and Term Loan variants

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/ief/feature-icon/IEF_PDP_featureicon_03.png
Minimal Documentation

To apply for our industrial equipment finance, you need three main documents. 1. Your KYC documents as proof of identity and address. 2. Your PAN card. 3. Proof of business ownership. Any additional financial documents required will be communicated based on your application details.

/content/dam/bajajfinserv/web/in/en/xaop/assets/sku-image-asset/loan/ief/feature-icon/IEF_PDP_featureicon_04.png
Flexible Loan Repayment

Plan your loan repayment and choose a tenure that suits you the best.

Features and benefits of our Industrial Equipment Refinance

  • Flexible loan amounts

    Secure funds from Rs. 2 lakh to Rs. 15 crore through an end-to-end online application process to manage your industrial equipment costs.

  • Flexible tenures of up to 120 months

    Repay your loan comfortably with extended repayment tenures of up to 120 months.

  • Quick disbursal

    Typically, your application for the Industrial Equipment Refinance will be approved within 24 hours*.

  • Clear and transparent rate structure

    All fees and charges are clearly stated in the loan documents and on this page. We recommend reviewing them thoroughly.

  • End-to-end digital process

    You can apply for our medical equipment loan from the comfort of your home or from wherever you are.

Bajaj Finance offers loans up to 100% of equipment value.

*Terms and conditions apply

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Eligibility criteria and documents required

There are just a few simple criteria to be eligible for our Industrial Equipment Refinance. You will need some documents as well to finish your application.

Eligibility criteria

  • Nationality: Indian
  • Age: Minimum age - 24 years (at loan application) of Co-Applicant
  • Maximum age - 95 years**
  • CIBIL score: 700 or higher

*Higher age limit is applicable at the time of loan maturity.

Documents required

  • Individual and business PAN card
  • Aadhaar/ passport/ voter’s ID/ driving license/ letter from NPR/ NREGA job card

If your current address is not the same as the OVD document provided, please share any of the listed DOVD documents. Click here to view the documents.

  • Current account bank statements for the last 12 months
  • Business vintage proof
  • Degree certificate
  • Certificate of practice, if applicable
  • Recent colour photograph (Mandatory)

*Any additional documents that may be required will be communicated during the loan application process.

How to apply for Industrial Equipment Refinance

Step-by-step guide to apply for Industrial Equipment Refinance

  • Click on the 'APPLY' button on this page.
  • Enter your 10-digit mobile number and OTP.
  • Fill in the application form with your basic details, such as your full name, PAN, date of birth, and PIN code.
  • Once you enter all your details, please click on 'PROCEED' to visit the loan selection page.
  • Enter the loan amount that you need. Choose the repayment tenure and click on 'PROCEED'.
  • Complete your KYC and submit your Industrial Equipment finance application.

Our representative will guide you on the next steps. The loan amount will be transferred to your bank account on the successful verification of your documents.

Applicable fees and charges

Types of feesCharges applicable
Rate of interestUp to 14.00% per annum
Processing feeUp to 2.95% of the loan amount (inclusive of applicable taxes)
Documentation chargesUp to Rs. 2,360/- (Inclusive of applicable taxes)
Flexi facility charges

Term Loan – Not applicable


Flexi variant (as applicable below) - (Inclusive of applicable taxes)


Flexi Hybrid Term Loan: Up to Rs 5999/- to Rs 29999/- (Inclusive of applicable taxes)


Will be deducted upfront from loan amount.


*(Loan amount includes approved loan amount, Insurance Premium, VAS Charges, Documentation charges)

Prepayment charges

Full Pre-Payment
• Term Loan: Up To 4.72% (Inclusive Of Applicable Taxes) On The Outstanding Loan Amount As On The Date Of Full Pre-Payment.
• Flexi Hybrid Term Loan: Up To 4.72% (Inclusive Of Applicable Taxes) on the outstanding loan amount, As On The Date Of Full Pre-Payment.

Part Pre-Payment
• Term Loan: Up To 4.72% (Inclusive Of Applicable Taxes) Of Principal Loan Amount Prepaid On The Date Of Such Part Pre-Payment.
• Not Applicable For Flexi Hybrid Term Loan

Note: If the primary Borrower is individual or Micro & Small Enterprises (MSEs) with or without co-borrower and loan is availed on Floating Rate of Interest, then there will be no Foreclosure / Part Prepayment Charges applicable, irrespective of the source of funds used for pre-payment of loans, either in part or in full, and without any minimum lock-in period.

Bounce charges

Rs. 1500/- per bounce.
“Bounce charges” shall mean charges for (i) dishonour of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonour of payment mandate or non-registration of the payment mandate or any other reason.

Penal chargeDelay in payment of instalment(s) shall attract Penal Charge at the rate of 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.
Stamp duty (As per respective state)Payable as per state laws and deducted upfront from loan amount
Repossession ChargesRecovery of charges
LC processing feesUp to 2.36% of the loan amount (Inclusive of applicable taxes)

Compare loan variants

Loan VariantPart-prepayment facilityEMITenureDisbursal
EMI HolidayFreeInterest-only EMIs for the initial tenure12 to 120 monthsWithdraw and prepay conveniently from your sanctioned loan limit
Principal MORATFreeFixed EMIs12 to 120 monthsWithdraw and prepay conveniently from your sanctioned loan limit
Term LoanUp to 4.72% (inclusive of applicable taxes) of the principal amount of the loan prepaid on the date of such part-prepayment.Fixed EMIs12 to 120 monthsEntire loan amount disbursed in one go

Frequently asked questions

What is Industrial Equipment finance?

Industrial Equipment Finance allows you to avail funds to purchase or upgrade equipment for the smooth running of your business. With our attractive interest rates and speedy processing of loans, you can easily avail funds to upgrade your equipment.

What is the maximum amount of Industrial Equipment finance that I can get?

You can apply for Industrial Equipment finance of up to Rs. 15 crore. You can repay the loan comfortably over a long tenure from 12 months to 120 months.

Where can I find the loan account statement for my loan?

Bajaj Finance Limited offers easy online access to loan statements through their customer portal, My Account. With the help of this portal, you can view and manage your loan account from anywhere. You can also download the e-statements and certificates free of cost.

How do I apply for Industrial Equipment finance?

You can click on 'Apply’ to open the online application form. Once you share your basic and financial details, our representative will guide you on the further steps.

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Watch our videos

How to apply for Industrial Equipment Finance
 
 

How to apply for Industrial Equipment Finance

Compare loan variants for Industrial Equipment Finance
 
 

Compare loan variants for Industrial Equipment Finance

Features and benefits of Industrial Equipment Finance
 
 

Features and benefits of Industrial Equipment Finance

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Disclaimer

Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.