Fuel Your Business Ambitions!
Fuel your business expansion with up to ₹50 lakh at an interest rates as low as 8.85%* p.a., tailored for manufacturers, traders, and service providers. Apply Today.
Apply For LoanEquipment Finance Loan Calculator
Loan Amount
₹
1K100Cr
Tenure (months)
Months
1480
Interest Rate
%
0%30%
Monthly EMI
₹0.00Interest Payable
₹0.00Disclaimer: The calculator provides estimated EMI; actual figures will be as per RBI guideline. Final calculations will be available at the branch. Floating / Fixed ROI will be available based on customers requirement.
Features and Benefits of a Equipment Finance Loan
Finance for Growth
Avail up to Rs. 50 Lakh for purchasing machinery and equipment.
Affordable Rate
Interest rates starts from 8.85%* p.a.
Flexible Repayment
Maximum tenure of 7 years for manageable payments.
Equipment Finance Loan Eligibility Criteria
- They should have a business in the manufacturing, trading, or service sector.
- They should have a good repayment history.
- They should provide equipment valuation.
Equipment Finance Loan Documents
- Loan Application in bank’s prescribed format
- KYC documents.
- Equipment Quotation
- Financial statements
- Prime & Collateral Security documents.
- Existing Loan account statements along with sanction letter (if applicable).
Frequently Asked Questions
This scheme provides financial assistance for purchasing new or used equipment necessary for business operations.
Any business entity, including MSMEs, self-employed professionals, and corporations, can apply for this scheme.
The repayment tenure ranges from 1 to 7 years, depending on the equipment type and your financial profile.
Yes, financing terms for used equipment may vary based on the age, condition, and value of the equipment.
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