1) Machinery & Equipment loan are available to SME / Corporate businesses to fund the purchase of Machinery & Equipment to companies.
2) Machinery & Equipment Loan are without any collateral security other than machinery.
What is a Loan for Machinery & Equipment?
1) Machinery & Equipment loan are available to SME / Corporate businesses to fund the purchase of Machinery & Equipment to companies.
2) Machinery & Equipment Loan are without any collateral security other than machinery.
Features & Benefits & ROI
1) Banks / Financial institutions are available for the purchase of Machinery & Equipment.
2) Machinery Loan is disbursed in the form of a Term Loan repaid in EMIs.
3) Machinery Loan interest rates are in between 12%-16%.
4) The Loan Tenure from 12 months to 60 months.
5) Minimum age of 21 years and maximum age of 65 years
6) Minimum 3 years of business vintage and 2 years in same line of business.
7) The business should be profit making for at least last 2 years & financial should be audited available.
Loan Against Property Eligibility Entities
1) Sole proprietorships
2) Self employed Professionals
3) Partnerships Firm
4) Private Limited Companies
5) Limited Companies