Delhi, a thriving hub for manufacturing, trading, and service-based enterprises, sees constant demand for modern machinery and equipment upgrades. To support businesses in their expansion or operational enhancement, Bajaj Finserv offers a machinery loan in Delhi that ensures timely access to finance with minimal hassle. Whether you are a small-scale manufacturer or a large industrial player, this loan can help you purchase, upgrade, or repair machinery with ease. You can also check your business loan eligibility beforehand to ensure a smoother application process.
Features and benefits for machinery loan in Delhi
Bajaj Finserv Machinery Loan comes with several customer-friendly features designed to help businesses scale without financial constraints.
Key features and benefits:
- Loan amount of up to Rs. 80 lakh
- No need for collateral
- Repayment tenure ranging from 12 to 96 months
- Competitive interest rates starting from 14% p.a.
- Quick loan disbursal with minimal paperwork
- 100% digital application process
Businesses can also explore our offering of a machinery loan for MSME to learn how small and medium enterprises can benefit from this loan product.
Documentation and eligibility criteria for machinery loan in Delhi
To ensure a seamless loan application experience, make sure you meet the eligibility requirements and have the necessary documents ready. Before applying, it’s advisable to check your pre-approved business loan offer to know the amount you’re eligible for instantly.
Eligibility criteria:
- Nationality: Indian citizen
- Age: Between 24 and 80 years (at loan maturity)
- Business vintage: Minimum of 3 years
- CIBIL Score: 685 or higher
Required documents:
- KYC documents
- PAN card
- Proof of business ownership
- Financial statements and income tax returns
Refer to the complete machinery loan documents list for detailed documentation requirements.
Interest rates and charges for machinery loan in Delhi
Bajaj Finserv ensures complete transparency in terms of fees and charges so that businesses can plan their finances effectively.
- Interest rate: Starting from 14% p.a.
- Processing fee: Up to 4.72% of the loan amount (inclusive of taxes)
- Prepayment charges: Up to 4.72% (not applicable on Flexi Term Loans)
- Bounce charges: Rs. 1,500 per instance
Explore more about our machinery loan interest rate structure.
How to apply for a machinery loan in Delhi
Applying for a machinery loan in Delhi is simple and 100% online.
Steps to follow:
- Visit the Bajaj Finserv website
- Go to the ‘Machinery Loan’ section
- Click on ‘CHECK ELIGIBILITY’
- Enter your mobile number and verify it with OTP
- Fill out the application form with business and personal details
- Upload required documents
- Submit the form and await approval
Once approved, the funds are quickly disbursed to your account.
EMI calculator for machinery loan in Delhi
Use the machinery loan EMI calculator to estimate your monthly instalments accurately.
Benefits of using the EMI calculator:
- Instant EMI calculation
- Easy comparison of different loan tenures
- Better cash flow planning for your business
How to convert a business loan into a machinery loan in Delhi?
Already have a business loan but want to finance machinery specifically? Here’s how you can convert it.
Steps to follow to convert:
- Contact your loan provider
- Share machinery purchase invoices or quotations
- Request restructuring of the loan with machinery-specific terms
