What is loan against machinery
This loan against machinery is a secured loan, where you pledge high-value machinery to finance all kinds of expenditures, be it buying new equipment, carrying out repairs or financing personal expenses. As a retailer, you can also pledge a POS machine as collateral. Self-employed borrowers can avail of Rs. 5 Cr* and higher and salaried professionals can get up to Rs. 1 crore as a mortgage loan.
Bajaj Finserv offers financing at low loan against property interest rates, along with a unique Flexi facility. Here you can withdraw from your loan against property sanction as and when you need to, and pay interest only on what you use. You can also part-prepay and withdraw multiple times. To simplify repayment, pay only interest as EMIs at the start of the tenor. To choose the right tenor, check your monthly outgo using our Loan Against Property EMI Calculator.
Features and benefits of loan against machinery
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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Speedy disbursal
Meet loan against property eligibility criteria and get approval quickly with funds in your bank within 72 hours*.
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Convenient repayment
Choose a tenor spanning up to 20 years and part-prepay or foreclose the loan at a nominal cost.
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Flexi facility
Lower monthly instalments with the Flexi loan feature by paying interest-only EMIs at the start of the tenor.
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Details at your fingertips
Use Experia, our online customer portal, to track payments, outstanding loan amount, payable interest, and more 24/7.
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Refinance and get a top-up
Our mortgage balance transfer facility lowers your cost of borrowing. You can also get extra credit to use as necessary.
How to apply for loan against machinery
Follow three simple steps to apply for a loan against machinery:
- 1 Click on the application form to start
- 2 Share both personal and property details
- 3 Get the best offer by entering income details
On submitting this information, you will receive a call from our relationship manager who will assist you with the next steps of the application process.
*Conditions Apply
