Machinery Loan

Start-ups, and micro, small, and medium-scale companies have a hard time managing their expenses, as the maintenance cost of the existing machinery puts a period to their dream of upgrading their services.

Purpose

• Purchase of Machineries

Eligibility

• Any Business Entity

Features

• Loan tenure maximum upto 72 months
• no Processing Charge
• No Hidden Charges
• No Pre-payment/fore-closure charges
• Easy Process
• Interest is charged on reducing balance on daily basis
• Maximum finance upto 75% of the cost of machineries
• 2 Guarantors, if required

Security

• Machineries to be purchased and Mortgage of Property(Residential/Commercial/Industrial)Other security as required by the bank