Unlocking Efficiency with CNC Machine Loan!
In today's rapidly evolving manufacturing landscape, precision and efficiency are paramount. CNC (Computer Numerical Control) machines have revolutionized the industry by automating and enhancing the precision of machining processes. However, acquiring these advanced machines can be a significant financial undertaking for businesses. Addressing all the financial needs, CNC Machine Loans offering the financial support needed to harness the power of CNC technology and propel your business to new heights.
EMI Calculator for CNC Machine
CNC Machine Loan Interest Rate & Charges
When you're thinking about availing Machinery Loan to purchase CNC machine, it's important to know about its rates and charges. The interest rates start at 9.99%* per year. You can find more details below:
|Interest Rates for CNC Machine Loan
|9.99%* p.a. onwards
|₹5 Lakh to ₹5 Crore
|Loan Processing Fees
|Up to 1% plus applicable taxes
|Lowest EMI per month
|Starting from ₹2,124* per Lakh for 60 months
|12 – 60 months
|0%* If paid from own sources & 4% If paid from other sources
|24% per annum
|Cheque Bounce Charges
|₹500 per bounce plus applicable taxes
|At actuals (as per state)
|No Other Hidden Charges
Eligibility Criteria & Documents for Loan to Purchase CNC
Below are the factors that determine eligibility for a CNC Machine Loan:
Minimum CIBIL Score
- Minimum CIBIL Score - A minimum CIBIL score of 650 or higher is required to be eligible for the Heavy Machinery Financing.
- Age - The applicant should hold Indian citizenship.
- Nationality - The applicant must be between 25 and 65 when applying for the loan.
Here are the documents required for a CNC Machine Loan:
- Identity Proof: Any valid government-issued photo ID (e.g., PAN Card, Aadhaar Card, Passport, Driving Licence, Voter ID).
- Income Proof: Documents showing your income, such as bank statements, salary slips, or income tax returns for self-employed individuals.
- Business Proof: Relevant documents showcasing the existence and nature of your business. Please ensure you have these documents ready to expedite the loan application process for your Genset Loan.
- Address Proof: Proof of your current residential address (e.g., utility bills, rental agreement).
How to Apply for a Loan for a CNC machine within 5 Minutes?
Click on Apply Online and fill in the application form
Provide your basic details
Your application will be processed and sent for basic verification
Get your loan approved quickly
Your applied loan is ready for disbursal. Our representative will help you with post approval formalities.
FAQs About CNC Machine Loan
*Terms & Conditions Apply