What is a machinery loan, and how does it work?
2 min read
A machinery loan is a credit facility that helps you borrow funds to buy, lease, repair or upgrade machinery. It is a type of business loan that enables you to improve your productivity and efficiency without compromising your working capital. To get started, you can check your business loan eligibility easily online to understand the options available for you.
Eligibility Criteria to Apply for a Machinery Loan
Meet our eligibility criteria to apply for a machinery loan and get the following benefits:
- Collateral-free machinery loans up to Rs. 80 lakh at attractive interest rates
- Flexible repayment tenor of up to 96 months
- Convenient Flexi facility allowing you to manage cash flows better
- Pre-approved offers that further simplify the process of getting the loan
- You can quickly check your pre-approved business loan offer and take advantage of faster approvals and customised loan amounts
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