Get Machinery Loan
For Your Business!
Funding purchase of machinery and equipment for commercial, industrial, or manufacturing purposes, up to 90% of the equipment value.
- Loan up to ₹15 Crore
- Tenure of up to 25 years
- Balance transfer Available
- Fast And Easy Process
- Minimum Documentation
Zero Fees & Charges
Lowest Interest Rates
Fully Online Process
50+ Banks & NBFC
Apply Now & Get Fast Approval!
Highlights
Apply for a Machinery Loan Today!
CreditCares offers Machinery Loans starting from 9.00% per year, with repayment terms up to 25 years. Designed for business owners, this loan helps you finance the purchase of machinery and equipment for commercial, industrial, or manufacturing purposes. We partner with 50+ banks and NBFCs to secure the best rates without complicated procedures. With minimal documentation and fast approvals, accessing funds is straightforward. The combination of low interest rates and extended tenure ensures affordable monthly payments, helping you manage cash flow efficiently. CreditCares makes it easy to convert your machinery needs into capital and focus on growing your business.
Machinery Loan Details
Machinery Loan Interest Rates
Our Machinery Loan interest rates range from 9.0% to 14.50% p.a. Rates may vary based on the loan tenure, type of machinery, and the borrower’s credit profile. Lenders may also consider factors such as business track record, repayment capacity, and equipment value while evaluating the applicable interest rate.
Eligibility Criteria for Machinery Loan
In addition to the above criteria, banks and NBFCs may also assess the credit history, business profile, and project feasibility while evaluating Machinery Loan eligibility.
Documents Required for Machinery Loan
Here is the list of documents typically required by banks for availing a Machinery Loan:
- Passport (optional)
- Driver’s license
- Aadhar card*
- Voter ID card
- PAN card*
- Utility bills (electricity, water, gas)*
- Deed
- Mother Deed
- Khazna
- Porcha
- Sanction Plan
- Tax Bill
- GST registration certificate.
- Partnership deed (for partnerships business)
- Memorandum and Articles of Association (for companies)
- Trade license
- Shop and Establishment certificate
- Udyam certification with annexure
- GST certificate
- Business bank statements
- Income tax returns of the business
- GSTR 3b
- Audited financial statements (Profit and Loss statement, Balance Sheet)
- Business income proof (such as sales invoices, contracts, or revenue statements)
- Passport-sized photographs
- References
- Any additional documents requested by the lender
- Having a co-applicant is mandatory.
- In certain cases, having a woman co-applicant is also mandatory.
- A co-applicant can be a spouse or any first blood relative, such as parents, siblings, or children who have attained the age of maturity (subject to the income-ownership grid).
- All co-owners of the property must be part of the loan structure.
- Friends cannot be co-applicants unless they are coming in the capacity of partners, directors, or shareholders.
What We Do?
At CreditCares, we are your trusted Machinery Loan DSA, dedicated to simplifying equipment and machinery financing. Our experienced team acts as a reliable DSA for machinery loans, guiding you through every step—from evaluating your business requirements to securing the best rates from top banks and NBFCs. As a premier DSA for machinery loans, we ensure our clients receive competitive offers and a seamless application experience.
We take pride in our role as a leading Machinery Loan DSA by providing expert guidance and personalized support. Whether you’re looking to purchase new machinery, upgrade equipment, or expand production capabilities, our team excels as a dedicated DSA for machinery loans. Trust CreditCares as your preferred Machinery Loan DSA partner and enjoy a hassle-free process that transforms your equipment needs into valuable business assets.
Our Happy Clients
Frequently Asked Questions
A Machinery Loan is a financing solution that helps businesses purchase or upgrade machinery and equipment for commercial, industrial, or manufacturing purposes.
Business owners, self-employed professionals, income tax assessees, and NRIs (as per lender policies), typically aged 21-65 years, can apply.
Machinery loan interest rates usually range from 9.0% to 14.50% p.a., depending on the lender, loan amount, tenure, and borrower profile.
The maximum loan amount varies by lender, project type, and borrower profile, with some banks offering up to ₹15 crore.
Essential documents include identity proof, income proof, business registration documents, property or collateral documents (if applicable), and equipment quotations or invoices.