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 |
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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
Aadhar Card
PAN card
- 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
Without initial large capital investment
hospitals can purchase equipments
Additional stream of operating income
No Hidden Charges
Frequently asked questions
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.
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.
Our streamlined process ensures quick approval, typically within 24 hours* of submitting all required documents.
Yes, we consider financing used or refurbished equipment after a thorough technical evaluation to ensure its condition and value.
Absolutely! If your FOIR (Fixed Obligation to Income Ratio) permits, you can upgrade or add new 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.
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.