Machinery Loan

Overview

A Machinery Loan provides vital capital to MSMEs, factories, and businesses looking to acquire new machinery or upgrade existing equipment. Staying competitive in manufacturing and production requires up-to-date technology, and these term loans are specifically designed to meet that need without straining your working capital.

Credsure partners with major banks and NBFCs to secure the right machinery financing. We help you navigate equipment evaluations, prepare business proposals, and find favorable terms that match your company's cash flow.

Key Features

• High Funding Limits: Finance a significant portion of the machinery's cost, often up to 75-90% depending on the equipment type.
• Collateral Options: The machinery itself usually serves as primary collateral. Additional collateral may be requested based on loan size.
• Flexible Tenures: Repayment periods typically range from 1 to 5 years, aligned with the operational lifespan of the equipment.
• Improved Productivity: Facilitates expansion, quality improvement, and capacity enhancement without upfront capital expenditure.

How to Apply

1. Consultation: Share your business profile and the details of the machinery you intend to purchase.
2. Submit Quotation: Provide the proforma invoice or quotation from the machinery supplier.
3. Application & Documentation: Submit business financials, KYC, and operational details.
4. Assessment: Lenders evaluate the viability of the purchase and your business's repayment capacity.
5. Sanction & Disbursement: Upon approval, funds are often disbursed directly to the equipment supplier or manufacturer.