MACHINE LOAN

Apparatus credit is considered as a kind of business advance that helps business people, entrepreneurs and other business element.

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What is Machine loan?

Apparatus credit is considered as a kind of business advance that helps business people, entrepreneurs and other business elements in securing money to purchase hardware/gear for different business purposes. Credit for apparatus buy helps business substances in acquiring efficiency while utilizing new gear and hardware. Expansion underway or yield, brings about higher benefits from deal and circulation.

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Frequently Asked Questions

Most frequent questions and answers

Entities that want to buy business equipment such as injection moulding machines, medical equipment, printing machines, and so on can apply for Equipment Loans / Equipment Finance if they meet the eligibility criteria.

Based on your loan eligibility, you can borrow up to 80% of the cost of your equipment.

Loans are processed within 2-5 working days of receiving all required documentation.

In the case of a partnership or a limited liability company, partners or promoter directors will be considered co-applicant.

Yes. 
After months of borrowing, the loan can be pre-paid at any time. 
Foreclosure charges would be levied.
After months from the date of the loan’s first disbursement, you can make part pre-payments of minimum of Rs 50,000. 
This payment can only be made once per fiscal year, up to maximum of 25% of the balance outstanding against     your loan amount at the start of the fiscal year.

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