Machinery Loan

Machinery Loan Service

Upgrade and expand your business potential with our hassle-free Machinery Loan solutions. Our comprehensive range of Machinery Purchase Loans ensures that you can finance a diverse selection of machinery while benefiting from high Loan-to-Value (LTV) ratios. With minimal documentation requirements and straightforward eligibility criteria, accessing the funds you need is quick and convenient. Our simplified loan assessment methods are made for everyone, making it easier for you to secure the financing you require for your machinery.

Features and Benefits

  • Flexible Repayments: Flexible EMI repayments between 12 to 60 months are available with affordable interest rates.
  • Wide Range of Machinery: We fund a wide range of Machinery Purchases at high LTVs up to 80% across customer segments.
  • Minimal Documentation: Get access to finances when you need with our minimal documentation process and eligibility criteria.
  • Easy & Quick Disbursal: Our Machinery Loans are made for a wide customer range, our assessments are simple and quick.
  • Door Step Service: Hassle free document collection & services at your door step by our sales manager.

Eligibility Criteria & Documents Required

  • KYC Documents (Identity & Residence)
  • Performa Invoice of Machinery to be Purchased
  • 6 Months Bank Statement

How to Apply for a Machinery Loan

Here are the steps to apply for a Machinery Loan on Money Marrket:

  • Start the process by simply submitting your Name, Number and Pin Code.
  • Our executive will contact you for additional details.
  • Submit the requested documents for eligibility check and verification
  • Once verified and approved, your funds will be sanctioned and disbursed.

Free Consultation

Free Rate of Interest Bidding of existing loan and new loans

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Our Trusted Partners

Years in Business
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Years in Business

Happy Customers
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Satisfaction Rate
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FAQs

From loans to affordable interest rates, we have the answers for everything you need to know.

A machinery term loan is a kind of credit facility that lets you borrow fund to lease, repair, buy and upgrade your machinery, which will in turn, improve your efficiency and productivity without putting a strain on your working capital.

We determine your loan eligibility by examining at your income, expenses, assets and credit score. We also look at the type of machine you are applying for and the manufacturer. If you have fair income and are financially responsible, we can help you get a loan.

You can get a loan for machinery purchase with online lenders, banks, NBFCs and credit unions, or SBA lenders. With over 30 years of experience in the field, Electronica Finance Limited is a leading provider of machine loans and other products to help boost your business.

Once you fill out our loan application, our tele-calling team will connect you to check the viability. Once validated you need to provide financial statements, tax returns and other documentation mentioned in the documents required section to our local sales representative. We will review your application and contact if we require any additional information or documentation. Once the documents are verified, we will take a final call on loan approval/disbursement.

You can finance any type of machinery from Engineering, machine tools, Plastic, Printing, Food Packaging, Wood Working, Textile industry.

Disclaimer

Reference of all T&C necessarily refers to the terms of the Partners as regards to pre-approved offers and loan processing time amongst other conditions. Basis the information provided during your loan application journey, you may be provided with various offers from our existing loans partners.