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Explore collateral-free machinery loan options on Bajaj Markets with competitive interest rates and discover the ease of acquiring new business machinery.
Last updated on: Jul 09, 2026
A machinery loan is a financial solution that helps businesses acquire, replace, or upgrade equipment without incurring a significant upfront capital expense. Also referred to as a loan for machinery purchase or an equipment loan, it offers the financial aid required to invest in essential machinery for business operations and expansion.
These are unsecured loans that can be used by businesses of various sizes across industries to purchase modern equipment, improve productivity, and enhance operational efficiency. Depending on the lender's eligibility criteria and product offerings, some machinery loans may also be available without collateral.
With competitive interest rates and quick approval processes, businesses can secure up to 80 Lakhs through Bajaj Markets to support equipment acquisition and business growth.
Enjoy a streamlined application procedure with minimal documentation requirements for quick verification and approvals
Get tailored financing options to match your machinery investment needs and borrow according to the specific requirements of your business
Benefit from competitive interest rates and minimise the cost of borrowing while also exploring fixed or floating interest rate options
Choose a short or long repayment tenure as per your business requirements
On Bajaj Markets, compare machinery loan interest rates, loan amounts, and other charges offered by different lenders. Here is an overview of the lenders and their terms:
| Available Offerings | Starting Interest Rate (p.a.) | Max. Loan Amount | Processing Fee |
|---|---|---|---|
₹10 Lakhs |
22% p.a. |
3% to 4% of the loan amount + GST |
|
2 Lakhs |
29.5% p.a. |
Up to 2% |
|
80 Lakhs |
14% p.a. |
Up to 4.72% of the loan amount (Inclusive of applicable taxes) |
|
₹10 Lakhs |
22% p.a. |
Up to 4.72% (Inclusive of applicable taxes) |
|
50 Lakhs |
18% p.a. |
Up to 2.5% of the loan amount |
|
30 Lakhs |
22% p.a. |
Up to 3% of the loan amount + GST |
|
30 Lakhs |
18% p.a. |
3% to 4.25% |
|
30 Lakhs |
18% p.a. |
Up to 2% + GST |
|
35 Lakhs |
19.2% p.a. |
Up to 3% of the loan amount + GST |
|
₹35 Lakhs |
20.5% p.a. |
1% - 6% |
|
₹50 Lakhs |
16% p.a. |
Up to 3% of the loan amount |
Disclaimer: The above-mentioned information is subject to change as per changes in the lenders’ policies.
A machinery loan EMI calculator helps businesses calculate the Equated Monthly Instalment (EMI) payable on the loan. By entering the loan amount, interest rate, and repayment tenure, you can instantly estimate your monthly outflow and assess repayment affordability.
Using this calculator can help you:
Suppose you borrow ₹10 Lakhs at an interest rate of 12% p.a. for a tenure of 5 years:
| Particulars | Value |
|---|---|
Loan Amount |
₹10 Lakhs |
Interest Rate |
12% p.a. |
Loan Tenure |
5 Years |
Estimated EMI |
₹22,244 per month |
Note: The EMI value shown is indicative. Actual EMI may vary depending on the lender's terms, applicable interest rate, and loan tenure.
Here are some common eligibility criteria you may be required to fulfil when applying for a machinery loan:
Citizenship: You need to be an Indian citizen
Experience: Your business must be operational for at least 1–3 years
CIBIL score: A credit score of 700 or above is required
Employment: You need to be self-employed, either professional or non-professional
Age: You must be above 21 years of age
Business type: Your business should be registered as a partnership, limited liability partnership, or private limited company
Business turnover: Your business must have a minimum annual turnover of ₹1 Lakh
The requirements may differ from one lender to another for machinery finance. Make sure to check with the financial institution and understand the eligibility criteria for the loan.
Note: Micro, Small and Medium Enterprises (MSMEs) may also be eligible for collateral-free machinery financing under the Credit Guarantee Fund Trust for Micro and Small Enterprises (CGTMSE) scheme, subject to the lender's participation, eligibility criteria, and applicable scheme guidelines. Businesses seeking unsecured machinery equipment loans can check with the lender regarding the availability of CGTMSE-backed financing options.
Here are some documents financial institutions usually require you to submit when applying for a machinery loan:
Identity proof: Any one of the following
PAN card
Aadhaar card
Passport
Driving licence, etc.
Address proof: Any one of the following
Passport
Voter ID card
Driving licence
Utility bills, etc.
Business proof: Any one of the following
Last 2 years’ ITR and 1 year’s bank statement
Trade licence
Sales tax certificate, etc.
Income proof
Existing facility sanction letter
Original quotation of the machinery you want to purchase with the loan
On Bajaj Markets, you can apply for a machinery loan in some simple steps. Just follow these steps:
Click here to open the application form
Provide your mobile number and verify it with the OTP received
Enter your personal and business information in the form
Upload your bank statements for the last six months and submit the form
A representative will contact you to guide you through the next steps.
Disclaimer
A machinery loan helps businesses purchase new or used equipment without paying the full cost upfront. The lender finances the machinery, and the borrower repays the amount through EMIs over a specified tenure. These loans may be secured, where the equipment or another asset serves as collateral, or unsecured, where approval is based on factors such as credit profile, business performance, and lender eligibility criteria.
Yes, many lenders offer machinery loans for used equipment. However, the eligibility and terms of the loan may vary from one lender to another.
On Bajaj Markets, you get the maximum tenure for a machinery loan of up to 96 months. Longer tenures offer repayment flexibility and allow you to align them with your business cash flow.
You can get the maximum loan amount up to 80 Lakhs from Bajaj Markets. However, it depends on factors like your business's financial health, credit score, and the specific machinery you intend to finance.
A machinery loan without collateral may be offered by select lenders, based on your business’s financial profile, repayment capacity, and credit score. Eligible MSMEs may also benefit from CGTMSE-backed financing, and you can explore options on Bajaj Markets by completing the application process.
Equipment financing includes term loans, leasing, hire purchase, equipment lines of credit, sale-and-leaseback, and vendor financing, allowing businesses to acquire, upgrade, or refinance machinery without large upfront costs.
The machinery loan interest rate varies across lenders and depends on factors such as the loan amount, repayment tenure, business profile, credit score, financial performance, and whether the loan is secured or unsecured. The applicable interest rate is determined during the lender’s credit assessment process and is communicated at the time of loan approval.
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