Loan Against Machinery: Features and Benefits

Whether you want to purchase new equipment, repair existing ones or meet any other business expenditure, you can pledge any high-value machinery/equipment as collateral to avail a Loan Against Machinery from Bajaj Finserv.

If you are a retailer, you can also apply for a Loan Against Swipe Machine or a Loan Against POS Machine. These equipment are excellent instruments to avail advances and invest in working capital, inventory or for other business purposes.

This mortgage loan is a comprehensive financial solution to expand your business, open a new manufacturing unit or pay for your personal obligations.

Bajaj Finserv provides tailor-made Loan Against Property on machinery for both self-employed as well as salaried individuals with some exclusive features and benefits.

  • Higher Loan Amounts

    Bajaj Finserv offers loans of up to Rs. 1 crore to salaried individuals and Rs. 3.5 crore for the self-employed. Borrowers can access the funds at attractive loan against property interest rates and other nominal charges. Use the Loan Against Property Loan to Value Calculator and evaluate the amount available to borrow against the market value of your mortgage.

  • Quick Approval and Disbursal

    Bajaj Finserv assures the fastest approval and loan disbursal within 4 days. Meet the easy-to-meet loan against property eligibility criteria and submit the necessary documents to complete the application process online. Our representatives shall reach your doorsteps to collect the documents directly from you.

  • Flexible Tenure as per Convenience

    Repayment tenor for salaried individuals ranges from 2 years to 20 years, while for the self-employed, it goes up to 18 years. Select a repayment schedule according to your ability and convenience. You can choose to part-prepay or foreclose the loan debt against nominal fees, when you have excess funds available.

  • Flexi Loan Facility

    Flexi Loan is an exclusive facility that offers you more flexibility in using the funds. With this facility, you can withdraw money from the loan amount disbursed as and when necessary. However, unlike regular term loans, interest is only levied on the funds you withdraw and not on the total loan principal. Interest is charged on per day basis, so same day repayment of the borrowed sum doesn’t attract any interest. Also, you can choose to pay only the interest as EMIs for your convenience. The Flexi Loan facility reduces your EMI payments almost by 45%.

  • Access to Loan Account Online

    Access your loan account easily to track the details online through our customer portal, Experia.

  • Balance Transfer with Attractive Benefits

    Bajaj Finserv offers easy Mortgage Balance Transfer facility on your existing Loan Against Machinery at an affordable interest rates. Enjoy quick processing of your application with minimal documentation. Also, avail benefits like high-value top-up loan, part-prepayment facility, nil prepayment charges, etc.

Contact Us for Loan Against Machinery

Are you new to Bajaj Finserv? Or looking for more details about loan against machinery? You can call us at 1800-103-3535 to enquire.

If you are an existing customer of Bajaj Finserv, reach us at 020-3957 5152.