A machinery loan allows you to finance the purchase of machinery and equipment essential for smooth operations of your business. It helps in funding the lease or purchase of new machinery, as well as the repair of existing machinery that may have broken down.
Machinery loans are suitable for micro, small and medium scale manufacturing units, which are in need of urgent capital to buy and upgrade equipment and also for increasing overall productivity. The loan offers much-needed support to any manufacturing business.
For instance, if you have a printing business and you had to purchase printing machinery with the latest technology and expand your business, but don't have the necessary funds to buy the expensive machinery. You can approach the financial institution for machinery loan and can purchase the machinery for fuelling your business requirements.
Transparent Interest Rates
Multiple Loan Programs
Hassle-free Loan Disbursement
Flexi EMIs