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How about checking some pre-approved offers you might be eligible for?

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Equipment Machinery Loan

Purchasing machinery is a necessity for businesses. Owing to the high expenses associated with purchasing machinery, a large number of businesses across the country avail equipment machinery loan. Equipment Machinery loan is nothing but a business loan that helps entrepreneurs either repair a faulty machine or purchase a new one. With the help of prominent banks and financial institutions, you can easily avail an equipment machinery loan through a hassle-free online application process. Here are some reasons, why one must apply for an equipment machinery loan.

High loan amount

You must always gather information of various banks/NBFCs and check their loan options. This will help you take a better decision.. This can help you avail a high loan amount. You can easily avail a business loan of up to Rs. 30 Lakhs at Finserv MARKETS. You can utilize the loan amount wisely and purchase the machinery that are needed to run your business efficiently. It is possible to finance 100 percent of the equipment purchase by availing a business loan at Finserv MARKETS.

Unsecured loan for machinery and equipment

 Being unsecured in nature, you need not submit any collateral to avail a business loan.. The loan is unsecured and this is one of the major reasons why several entrepreneurs consider availing a business loan at Finserv MARKETS for equipment financing.

Competitive interest rate

With a high credit score, you can avail a business loan at Finserv MARKETS at a competitive rate. This will help you reduce the overall cost of borrowing. It will also help you in making the monthly instalments of your loan affordable, thereby making the loan repayment easier.

Online account access

One of the major advantages of availing a business loan at Finserv MARKETS is that you can get online access to all your loan information. Right from loan repayment history, outstanding amount to the EMI due dates, you can track everything online from the comfort of your home.

Now that you are well aware of some of the major benefits of equipment machinery loan, let us have a quick look at some of the other major aspects for the same.

Equipment machinery loan: Eligibility criteria and documents required

The eligibility criteria for a business loan at Finserv MARKETS is mentioned below:

  • You must be an Indian citizen.

  • You must be between 26 and 66 years of age.

  • You must have 3 years of business vintage.

The documents required to avail a business loan at Finserv MARKETS is mentioned below:

  • Identity proof : (Passport/Id card/voter card/driving license/Aadhar Card)

  • Residence proof : (Passport/voter card/driving license/Aadhar Card/Ration Card).

  • PAN card

  • For salaried applicants, salary slip of the last 3 months and bank statements of the last 6 months

  • Self-employed applicants have to submit the ITR for the last three years.

Make sure that you check your business loan eligibility online before applying for the business loan. This will help you reduce the chances of your business loan application. Since loan rejection can significantly hamper your credit score, checking your business loan eligibility beforehand is essential. Also, make sure that you check the interest rate, prepayment facility, repayment option, etc.

Know about how to get machinery loan without security.

How to apply for an equipment machinery loan?

Let us have a look at the application process for the equipment machinery loan. The steps to apply for a business loan at Finserv MARKETS is mentioned below:

  1. Visit the official website

  2. Fill the online application form for business loan. You must provide all your personal and employment details, specify the loan details and upload the required documents.

  3. Post this, the lender will review your business loan and verify your documents.

  4. If everything is found to be satisfactory, your loan application will be approved and the amount will be credited to your bank account within 24 hours.

The loan application process is extremely simple and you can avail the loan amount from the comfort of your home. You can also consider making use of the Finserv MARKETS app for availing the business loan. The app is user-friendly and can be downloaded on both Google Play and App Store. Efficient and reliable customer care service is yet another advantage of availing a business loan available on Finserv MARKETS. In case you have any query while applying for the loan, it is advisable to seek the help of a financial expert. This will allow you to make a better decision.

Also read about how to improve cash flow by taking equipment loan.

Happy Customers of Finserv MARKETS

Getting a loan to take care of my wedding and relieving my parents to enjoy the occasion was the best decision I ever made. Easy-to-apply, amazing interest rate and quick disbursal, what more can one ask for!

I am passionate about the vehicle I drive. I want to protect it with the best available option. What amazed me was the full transparency, quick quotes and the attractive discount on the premium while choosing the annual payment option!

Check your personal loan eligibility in seconds!

My husband and I will finally move into our own house this Diwali. All thanks to Bajaj Finserv, with competitive interest rates, minimal processing fees and easy to repay EMIs, our dream saw the light of reality in no time!

Get the best FD interest rates starting @ 8.40%. Let's start!

Kids grow up fast and to fulfill their dream trip to Disneyland I had everything but instant funds. With no collateral or guarantor required and a hassle-free processing, I gifted my family a memorable trip to Orlando with just a click!

Get sum insured up to 1 Crore! Let's start!

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I bought my first iPhone using my Bajaj Finserv EMI Network Card. Zero downpayment with a No cost EMI on Bajaj Finserv EMI store just made my day!

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