Equipment Loan

Our Equipment Loans are designed to help businesses, organizations, and individuals acquire the essential equipment they need. From manufacturing machinery to IT infrastructure, medical devices to the latest gadgets, we provide financing solutions that are tailored to your needs. With quick approvals and flexible terms, you can focus on growth without worrying about upfront costs.

Equipment Loan

Our Equipment Loans are designed to help businesses, organizations, and individuals acquire the essential equipment they need. From manufacturing machinery to IT infrastructure, medical devices to the latest gadgets, we provide financing solutions that are tailored to your needs. With quick approvals and flexible terms, you can focus on growth without worrying about upfront costs.

Key Features

Loan Amount

5 lacs – 1 Cr

Tenure

Upto 3 years

Interest rate

Starting from 10.99%*

Eligibility Criteria

Criteria Requirement
Age 21 to 55 years for applicants. 24 to 55 for medical equipment
Employment Status All the business owners like proprietorship firm, Pvt ltd company, partnership firm, HUF, LLP, trust/society etc
Credit Score 700+ subject to financial assessment as per internal policy excluding housing societies
Citizen Only Indian resident is eligible

EMI Calculator

Loan Amount
5L 1Cr
Loan Tenure years
1Y 3Y
Interest Rate(% p.a.) %
10.99% 24%
Your loan EMI is
66,165/-
Principal Amount 13,00,000/-
Interest Amount 2,87,960/-

Fees and charges

Features and Fees Charges
Interest rate 10.99%* pa onwards
Loan amount 5 lacs to 1 Cr
Processing Fees 1% to 2% of loan amount + applicable taxes
Loan Tenure 12 months to 36 months

Documents required

KYC Documents

Aadhar Card

PAN card

Income Documents
  • Business proof/Income proof
  • 3 year ITRs
  • Additional as per internal policy

Loan process

Step 1

Apply for Loan

Step 2

Our team will contact you

Step 3

Credit check

Step 4

Sanction of loan

Step 5

Disbursal documentation

Step 6

Disbursal of Loan

Benefits

money bag

Without initial large capital investment

income

hospitals can purchase equipments

chargeback

Additional stream of operating income

secure

No Hidden Charges

Frequently asked questions

What types of equipment can I finance with your loan?

We offer financing for a wide range of equipment, from medical devices to manufacturing machinery, and everything in between. Whether you’re a business or an individual, we’ll help you acquire the equipment you need to succeed.

Who is eligible for an Equipment Loan?

Our Equipment Loan is designed for businesses and individuals who need financing to purchase equipment. This includes entrepreneurs, small business owners, and large corporations across various industries.

How quickly can I get approved for an Equipment Loan?

Our streamlined process ensures quick approval, typically within 24 hours* of submitting all required documents.

Can I get financing for used or refurbished equipment?

Yes, we consider financing used or refurbished equipment after a thorough technical evaluation to ensure its condition and value.

Can I upgrade or add new equipment during the loan tenure?

Absolutely! If your FOIR (Fixed Obligation to Income Ratio) permits, you can upgrade or add new equipment during the loan tenure.

Can I cancel or return the equipment during the loan tenure?

Please note that once the loan is disbursed, it cannot be canceled or returned. We encourage careful consideration before applying.

How does the Equipment Loan impact my credit score?

Our Equipment Loan works like any other loan, reflecting on your credit score. Timely repayment will help maintain a healthy credit score, while delays can negatively impact it.