machinery loan for the manufacturing industry

Apply for Machinery Loan for the Manufacturing Industry

Easy Online Process | Flexible Loan Tenure | Higher Loan Amounts

Machines are the lifeblood of businesses especially in the manufacturing sector. To keep up with the competitive world, Machinery Loan for the Manufacturing Industry helps in acquiring all the latest equipment. The loan provides right financial assistance for purchasing the machinery you need for boosting the productivity, increasing the profitability, etc.


A Machinery Loan for the manufacturing industry, interest rates start at 9.99%* p.a. For additional information, please review the details below:

Interest Rates for Manufacturing Industry 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 Interest 24% per annum
Repayment Instrument Dishonour 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.
  • Nationality - The applicant should hold Indian citizenship.
  • Age - The applicant must be between 24 and 65 when applying for the loan.
  • Identity Proof

    Income Proof

  • Address proof

    Business Proof

  • Income Proof

    Identity Proof

  • Address proof

    Address Proof

  • 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.
  • Identity Proof: Any valid government-issued photo ID (e.g., PAN Card, Aadhaar Card, Passport, Driving Licence, Voter ID).
  • Address Proof: Proof of your current residential address (e.g., utility bills, rental agreement).

Here are the major benefits of choosing a loan for your manufacturing business:

  • No Collateral/Security Logo

    Higher Loan Amount

  • Quick Approvals Logo

    Competitive Interest Rates

  • Quick Approvals Logo

    Tenure of Up to 60 Months

  • Competitive Interest Rate Logo

    Loan-to-Value (LTV) Ratio of Up to 80%

  • Competitive Interest Rate Logo

    No Hidden Charges

Higher Loan Amount

Manufacturing businesses can access loans of up to 5 Crore, ensuring you have the financial resources to invest in machinery and equipment for your operations.

Competitive Interest Rates

Enjoy competitive interest rates that keep your financing costs manageable, ultimately impacting your business's profitability positively.

Tenure of Up to 60 Months

Benefit from an extended loan tenure of up to 60 months, aligning your repayment with your business's cash flow and reducing financial pressure.

Loan-to-Value (LTV) Ratio of Up to 80%

Access an LTV ratio of up to 80%, covering a significant portion of the machinery's cost and reducing your initial capital requirement.

No Hidden Charges

Our loan offerings come with complete transparency, with no hidden charges, making financial planning simpler and more predictable.

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Click on Apply Online and fill in the application form

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Submit Documents

Provide your basic details

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Your application will be processed and sent for basic verification

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Quick Approval

Get your loan approved quickly

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Instant Disbursed

Your applied loan is ready for disbursal. Our representative will help you with post approval formalities.

What is a Machinery Loan for the manufacturing industry?
What types of machinery and equipment can be financed with a Manufacturing Industry Loan?
What is the maximum loan amount I can get for my manufacturing business?
Do I need to provide collateral for a Machinery Loan?
What is the typical loan tenure for Machinery Loans in the manufacturing industry?

*Terms & Conditions Apply

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