Loan Amount
Up to ₹10 Crore
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-72 Months

Machinery Loan EMI Calculator

Take a step towards managing your finances effectively with our Machinery Loan EMI calculator. Calculate your EMIs and plan your budget. Just enter the loan amount, interest rate, and tenure. Try now!

Optimise Your Machinery Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹500000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
9.99%
15%

Tenure

Months
12 Months
72 Months

Why Choose Poonawalla Fincorp

High Loan
Amount
Attractive
Interest Rate
Online
Application
Minimal
Documentation
Quick
Approval
Zero
Hidden Charges

Apply for a Machinery Loan in Just 3 Steps

Click on '‘Apply Now’'

Tap the “Apply Now” button to initiate your application.

Enter Details

Enter your personal, contact, business and other details.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly.

Get exclusive offers thoughtfully customised just for you

Meet our simple eligibility criteria to qualify for the loan:

  • Age: Between 25 and 65 years
  • Citizenship: Indian
  • Business Vintage: At least 3 years

Submit minimal documents to apply for the loan:

  • KYC Documents: PAN card, Aadhaar card, Driving license, Voter ID, Passport.
  • Financial Documents: Last 2 years' financials containing ITR, Computation of Income, B/S, P&L, Audit Reports and Applicable Schedules.
  • Banking Details: Past 6 months’ bank statements of all active accounts (CA/CC/OD) and all live loans sanction letters/RPS/SOAs.

Transform your business aspirations into a reality with competitive interest rate from Poonawalla Fincorp:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹5 Lakh to ₹10 Crore
Loan Processing Fees
Up to 2%
Lowest EMI per month
Starting from ₹2,124* per Lakh for 72 months
Loan Tenure
12 – 72 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% If paid from other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per Bounce
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Poonawalla Fincorp focuses on providing you with the best features and benefits:

  • High Loan Amount: Get a loan amount up to ₹10 Crore to meet your business needs.
  • Attractive Interest Rates: Avail of loan at competitive interest rates starting at 9.99%* p.a.
  • Online Application: Apply online in just 3 simple steps from anywhere.
  • Minimal Documentation: Submit the KYC documents, financial documents, and banking details.
  • Quick Approval: Get the loan amount credited to your bank account instantly after verification.
  • Flexible Repayment Tenure: Repay the loan at your convenience with a loan tenure of up to 72 months.
  • Zero Foreclosure/Prepayment Charges: Prepay loan at no extra charges if paid from own sources.
  • No Hidden Charges: Know all fees and charges at the time of application.

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

Machinery Loan is a financing product designed for businesses with a vintage of at least 3 years to purchase machinery and equipment. It provides funds for the purchase of equipment essential for business operations.

To qualify for a Machinery Loan from Poonawalla Fincorp:

  • You must be an Indian Citizen.
  • Must be between 25 to 65 years of age.
  • Have a minimum business vintage of 3 years.

 

You can avail of a Machinery Loan from Poonawalla Fincorp with a maximum loan amount of up to ₹10 Crore.

Poonawalla Fincorp offers attractive features and benefits:

  • High Loan Amount of up ₹10 Crore.
  • Competitive Interest Rate.
  • Minimal Documentation.
  • Flexible Repayment Tenure.
  • Zero Hidden Charges.