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With a machinery loan through our lending partners, businesses can apply for financing to purchase, upgrade, or repair essential equipment that supports operational growth and productivity.
Instant Funds for New or Used Machinery
Simple Documentation & Instant Disbursal
Simple Documentation Process
Machinery loan is a business funding facility to purchase, upgrade, or replace equipment and machinery. With easy repayment facilities and custom-made financing as per your needs, you can purchase the machinery to increase production capacity and operational efficacy.
Whether you’re looking to modernize old equipment or expand your production line, this loan makes it simple. Every step is designed to support your business growth without unnecessary stress.
Invest in Production | Run Operations | Grow Your Business
With a machinery loan, you can buy new machines, expand production, or update old machines without diverting funds from your working capital. This gives space for regular operations and space for business expansion.
Machinery loans typically finance the total amount of equipment, and EasyMoneyLoan offers low machinery loan interest rates depending on your financial status. Apply for machinery loans ranging from ₹10 lakhs to ₹2 crores.
1. Compliant repayment terms.
2. Competitive interest rate on machinery loan.
3. Facilitates scaling of production at an affordable cost.
4. No effect on the cash flow of the day-to-day business.
5. Advanced access to funds for buying machinery.
Apply for a Business Loan
Machinery loan enables businesses to finance machinery without the financial barrier, enhance production, and meet operational requirements cost-effectively.
Access funds whenever your business or production requires it, to purchase or replace machinery.
Obtain transparent and clear machinery loan rates so that the repayment can be planned without surprise and easily.
The loan amount is released as per the lender's disbursement terms, helping you avoid unnecessary disruption to production.
Minimum documentation and a simple process that provides machinery loans to businesses without any delay.
Invest in new machines or expand production capacity in order to make optimum use of growth opportunities.
Runs smoothly during equipment downtime or seasonal fluctuations without financial anxieties.
The machinery loan eligibility criteria are as follows:
| Criteria | Requirements |
|---|---|
| Age | One must be 21 years old and can apply until the age of 65. |
| Nationality | Any Indian citizen can apply for a machinery loan. |
| Credit Score | A minimum credit score of 700 or more will increase the chances of approval. |
| Bank Account History | A new account with regular transactions indicates financial stability. |
| Business Type | Sole proprietorship, partnership, LLP, and private limited companies can apply. |
Keep the following documents handy to avail a machinery loan:
Company PAN cardDirectors KYC copiesMachinery quotation copyLatest 12 months bank statementITR last 2 yearsGST registration copyUdyam registration proofGST 3B returns (last 12 months)Business proof certificateCertificate of incorporationMOA &AOA copyAsset purchase invoiceLatest utility billCo-applicant KYC copyDirectors list & shareholdingInterest rates vary depending on the loan type, tenor, and profile of the borrower. Standard unsecured business loan interest rates start from 13%. Any other charges, such as document charges, prepayment charges, or late charges, may be levied and are informed to you before signing.
| Banks/ Lenders | Interest rates | Loan/Amount | EMI/Lakh |
|---|---|---|---|
|
Bajaj Finserv |
14% – 25% | Up to INR 2,00,00,000 | Rs23300 - Rs29350 |
 L&T |
14% – 25% | Up to INR 2,00,00,000 | Rs23500 - Rs29550 |
 Godrej |
14% – 25% | Up to INR 2,00,00,000 | Rs23100 - Rs29300 |
 Credit Saison |
14% – 25% | Up to INR 2,00,00,000 | Rs23200 - Rs29200 |
|
ABFL |
14% – 25% | Up to INR 2,00,00,000 | Rs23600 - Rs29400 |
It is easy to apply for a machinery loan and can be completed within a few minutes. Just follow these steps:
Visit the website of EasyMoneyLoan and click on "Apply Now," and select "Machinery Loan."
Insert required information (name, address, DOB, etc.).
Upload required documents, i.e., KYC, bank statements, etc.
Your loan application will be processed, and your finances will be evaluated.
The loan amount will be credited on approval for buying or replacing equipment.
Your business can't afford to wait due to machine investments. Easy money availability, to be returned at your own convenience and financial ability, is offered by a machine loan.
This facility assists you in funding any unforeseen machine expenses, driving production, and maintaining your daily operations in check.
Loans That Keep Your Business Going!
Any Indian aged between 21 and 65 years old with a registered company, i.e., sole proprietorships, partnerships, LLP, and private limited companies.
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