Heavy Machinery Financing

Online Heavy Machinery Financing

Loan Up To ₹5 Cr | No Hidden Charges | Flexible Loan Tenure

Machinery plays a significant role in the overall growth of industries. It is considered the heart of several sectors, like construction and manufacturing. It helps in running your day-to-day operations efficiently. Moreover, it is required to update the latest machinery to keep up with the current industry standards. However, buying the latest machinery can be expensive. With Poonawalla Fincorp's Heavy Machinery Financing, you can acquire heavy machinery without straining your finances.


When considering a Machinery Loan, it's essential to understand the associated interest rates and charges. Here's a breakdown of what you need to know:

Interest Rates for Heavy Equipment Loan 9.99%* p.a. onwards
Loan Amount ₹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
Loan Tenure 12 – 60 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Default Charges 24% per annum
Cheque Bounce Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges
Minimum CIBIL Score

Minimum CIBIL Score

Age Requirement




  • Minimum CIBIL Score - A minimum CIBIL score of 650 or higher is required to be eligible for the Heavy Machinery Financing.
  • Age - The applicant must be between 25 and 65 when applying for the loan.
  • Nationality - The applicant should hold Indian citizenship.
  • Address proof

    Business Proof

  • Address proof

    Address Proof

  • Identity Proof

    Income Proof

  • Income Proof

    Identity Proof

  • 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).
  • Income Proof: Documents showing your income, such as bank statements, salary slips, or income tax returns for self-employed individuals.
  • Identity Proof: Any valid government-issued photo ID (e.g., PAN Card, Aadhaar Card, Passport, Driving Licence, Voter ID).

In today's fast-paced business world, online Heavy Equipment Loans offer a range of advantages that make financing your machinery easier and more convenient than ever. Here are the major benefits of opting for online Heavy Equipment Loans:

  • Short turn around time for loan approval logo

    Speed and Convenience

  • Competitively priced low-interest rate loan schemes logo


  • Competitively priced low-interest rate loan schemes logo

    Simplified Application

  • Competitively priced low-interest rate loan schemes logo

    Fast Approval

  • Flexible repayment tenure logo

    Competitive Rates

  • Collateral-free logo

    Diverse Lender Options

  • Collateral-free logo


  • Collateral-free logo

    Paperless Transactions

  • Speed and Convenience: Online Heavy Equipment Loans streamline the application process, reducing the time it takes to secure financing. You can apply from the comfort of your office or home, eliminating the need for in-person visits to a financial institution.
  • Accessibility: Online loans are accessible 24/7, allowing you to apply at a time that suits your schedule, rather than conforming to traditional banking hours.
  • Simplified Application: The online application process is typically straightforward and user-friendly, with step-by-step guidance. This reduces the complexity of paperwork and the time required to complete the application.
  • Fast Approval: Many online lenders offer faster approval processes, which means you can get the funding you need in a shorter timeframe.
  • Competitive Rates: Online lenders often provide competitive interest rates, allowing you to secure financing on favourable terms for your business.
  • Diverse Lender Options: Online platforms provide access to a wide range of lenders, increasing your chances of finding the right financing solution tailored to your specific needs.
  • Transparency: Online platforms often offer clear and transparent terms, making it easier for you to understand the terms and conditions of your loan.
  • Paperless Transactions: Online Heavy Equipment Loans significantly reduce the need for paper documentation, helping to save time and minimize the environmental impact.
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Your applied loan is ready for disbursal. Our representative will help you with post approval formalities.

What types of heavy equipment can be financed?
How much can I borrow with a Heavy Equipment Loan?
What is the typical repayment term for heavy equipment loans?
What is the difference between a lease and a loan for heavy equipment?

*Terms & Conditions Apply

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