Take Your Growth to the Next Level with
Equipment Loan
Build your business strength with Equipment Loan. Our equipment loan comes with flexible repayment options, minimal documentation, and complete transparency.
About Equipment Loan
An equipment loan is a secured or unsecured funding option that helps businesses finance the purchase of equipment.
Build your business strength with Equipment Loan. Our equipment loan comes with flexible repayment options, minimal documentation, and complete transparency.
Key Features & Benefits
Purchase or Upgrade Equipment
Cover the cost of new or upgraded machinery with ease and financial support.
Maintenance & Repairs
Fund servicing, repairs, or upgrades to keep your equipment running efficiently.
Business Expansion
Invest in machinery or tools to improve production capacity and operational growth.
Emergency Equipment Needs
Manage unexpected machinery breakdowns or replacement costs promptly without affecting your cash flow.
Equipment Loan Eligibility Criteria
Age of the applicant should be between 21 to 65 years
Stable employment or consistent income source
Minimum income as specified by the lender
Credit score of 650 or above
Healthy debt-to-income ratio
Consistently good credit history
Clear repayment record
Must be a Resident Citizen of India
Documents Required for Equipment Loan
| Document Type | Details |
|---|---|
| Identity Proof | Passport, Voter's ID, Driving License, PAN Card, Aadhaar Card |
| Proof of Residence | Passport, Voter's ID, Driving License, PAN Card, Aadhaar Card, Electricity Bill, Telephone Bill, Rent Agreement |
| Business Address Proof | Telephone Bill or Electricity Bill |
| Age Proof | Passport, Voter's ID, Driving License, PAN Card, Aadhaar Card |
| Income Proof | 1 year Bank statement, 2-3 Years of ITR (Income Tax Return) |
| Photograph | Passport-size photographs |
| Business Proof | Partnership deed, MOA, AOA |
| Proforma Invoice | Of the Machinery purchase |
EMI Calculator for Equipment Loan
An EMI calculator helps you estimate the monthly installments payable on your equipment loan.
Calculate NowFees & Charges for Equipment Loan
Equipment Loan fees and charges may differ based on the banks and individual profile. Other applicable charges may include documentation fees, verification fees, duplicate statement charges, cheque bounce charges, and more, depending on the lender.
Ready to Apply for a Equipment Loan?
Get started today with minimal documentation and quick approval. Our team is here to help you every step of the way.
Apply Now