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 of 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 a tailor-made loan against property on machinery for both self-employed as well as salaried individuals with some exclusive features and benefits.

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    Higher loan amounts

    Bajaj Finserv offers a high quantum of loans to salaried individuals as well as the self-employed. Borrowers can access the funds at attractive loan against property interest rates and other nominal charges. Use the loan against the property loan to the value calculator and evaluate the amount available to borrow against the market value of your mortgage.

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    Quick approval and disbursal

    Bajaj Finserv assures hassle-free loan approval and you get the funds within 4 days*. Fulfil 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 tenor as per convenience

    Repay the loan over a tenor of 20 years as per your ability and convenience. You can also choose to part-prepay or foreclose the loan debt against nominal fees when you have excess funds available.

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    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 sanctioned loan amount. However, unlike regular term loans, interest is only levied on the funds you withdraw and not on the total loan principal. Also, you can choose to pay only the interest as EMIs for your convenience. The Flexi loan facility reduces your EMI payments by up to 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 an easy mortgage balance transfer facility on your existing loan against machinery at 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.