Plant & equipment
Machinery Loan
Finance new or used machinery without starving working capital
Term loans and lease-style programmes for CNC, packaging, medical, printing, and factory equipment. We match invoice value to banks that understand the asset.
Amount
Up to ₹2 Cr
Rates from
10.50% p.a.
Tenure
12 – 84 months
Approval
After invoice & valuation*
Why borrowers pick this product
- New and used machinery, including imported kit
- Supplier invoice and proforma-based sanctions
- Hypothecation of the asset as primary security
- Top-up when you add a second line
Indicative lender grid
Compare side by sideFigures are public-range illustrations for planning, not live bank APIs or guaranteed offers.
| Lender | Type | Rate | Amount | EMI / lakh | Processing | |
|---|---|---|---|---|---|---|
| State Bank of India | Nationalized Bank | 8% – 10.5% | ₹5 L – ₹40 Cr | ₹1,992 – ₹2,160 | Up to 0.35% + GST | Enquire |
| Bank of Baroda | Nationalized Bank | 8.15% – 11.2% | ₹10 L – ₹10 Cr | ₹2,001 – ₹2,180 | Up to 1% | Enquire |
| Canara Bank | Nationalized Bank | 8.15% – 11.9% | ₹5 L – ₹5 Cr | ₹2,001 – ₹2,200 | Up to 0.50% | Enquire |
| HDFC Bank | Private Bank | 8.35% – 14.5% | ₹50,000 – ₹10 Cr | ₹2,015 – ₹2,370 | Up to 1% or as advertised | Enquire |
| Bajaj Finance | NBFC | 11% – 28% | ₹50,000 – ₹55 L | ₹2,175 – ₹3,100 | Up to 3.93% | Enquire |
| Tata Capital | NBFC | 10.99% – 24% | ₹75,000 – ₹75 L | ₹2,170 – ₹2,900 | Up to 3% | Enquire |
New equipment
Up to a high percentage of invoice value from authorised dealers, with installation milestones.
Used / takeover
Refinance or purchase of second-hand machines after a valuation the lender accepts.
Medical & professional kit
Clinics and labs can fund imaging, dental chairs, and diagnostic lines on professional grids.
Eligibility
- Business vintage typically 2+ years
- GST and banking that supports the EMI
- Clear end-use with a quotation or invoice
- Promoter KYC and acceptable bureau scores
Documents
- KYC of proprietors / directors
- GST, ITR, and 12-month current account
- Machinery quotation / invoice / BOE if imported
- Existing loan statements, if any
FAQs
Often yes for moderate tickets. Larger or imported lines may need a promoter guarantee or additional collateral.
