machinery loan for MSME/SME

Apply for Machinery Loan for MSME/SME

Quick Disbursal | Competitive Interest Rates | No Hidden Fees

In the dynamic business landscape, MSMEs contribute majorly to our economy growth by generating employment. But to keep thriving, MSMEs need latest and advanced machinery. With Poonawalla Fincorp’s Machinery Loan for MSMEs, enterprises can acquire the right machinery to boost their productivity and employment. Machinery Loan for MSMEs provides a financial boost at the right time without hampering the current finances. It allows enterprises to plan better while assessing the latest trends and demands. MSME Loan ensures enterprises have access to the necessary machineries without financial stress, supporting their journey to success in a competitive business world.


With Poonawalla Fincorp, competitive interest rate for Machinery Loan starts at just 9.99% per annum, making them appealing to all the businesses. Please see below for more details:

Interest Rates for Machinery Loan MSME 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 MSME Equipment Loan.
  • Nationality - The applicant should hold Indian citizenship.
  • Age - The applicant must be between 24 and 65 years old 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).

Poonawalla Fincorp's Machinery Loan offers a range of significant advantages that cater to the unique needs of businesses. Here are the major benefits of choosing Poonawalla Fincorp for your machinery financing:

  • Higher Loan Amount: Poonawalla Fincorp provides the opportunity to secure a Machinery Loan of up to 5 Crore. This substantial loan amount ensures you have the capital required for your machinery investment.
  • Competitive Interest Rates: The company offers competitive interest rates, allowing you to access financing at favourable terms, which can ultimately save your business money.
  • Flexible Tenure: With a tenure of up to 60 months, Poonawalla Fincorp offers repayment flexibility, enabling you to choose a tenure that aligns with your business's cash flow and long-term plans.
  • Loan to Value (LTV) Up to 80%: Poonawalla Fincorp's Machinery Loan offers an LTV of up to 80% of the invoice value of the machinery. This means you can secure a significant portion of the machinery cost through the loan.
  • Transparency: The company is committed to transparency in its dealings. There are no hidden charges, ensuring that you have a clear understanding of the loan terms and costs associated with your financing.
Semi Circle Logo
Laptop Logo

Apply Online

Click on Apply Online and fill in the application form

Semi Circle Logo
Document Required Logo

Submit Documents

Provide your basic details

Semi Circle Logo
Verfied Logo


Your application will be processed and sent for basic verification

Semi Circle Logo
timer logo

Quick Approval

Get your loan approved quickly

Semi Circle Logo
Payment Confirmation logo

Instant Disbursed

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

What is an MSME Machinery Loan, and how does it differ from a regular business loan?

An MSME Machinery Loan is specifically designed to help Micro, Small, and Medium Enterprises finance the purchase or upgrade of machinery and equipment. It differs from a regular business loan as it focuses on the machinery aspect, offering specialised terms and conditions.

Who is eligible to apply for an MSME Machinery Loan?
What types of machinery and equipment can be financed through an MSME Machinery Loan?
How do I determine the loan amount I'm eligible for?
What is the typical repayment tenure for an MSME Machinery Loan?

*Terms & Conditions Apply

Insightful Machinery Loan Blogs Arrow Logo

Machinery Loan FAQ
6 Commonly Asked Machinery Loan Questions with Answers

Upgrading to advanced machinery enhances business growth, especially those who are heavily involved in manufacturing and production. Also, the constant requirement of capital to run a business makes it difficult for an entrepreneur to upgrade to advanced machinery instantly.

Equipment Loan
10 Reasons Why You Should Take an Equipment Loan

With a constant rise in competition, businesses must update themselves with the latest equipment. For any business, having the latest equipment is of utmost priority. It is the key to efficient production, reduced costs, and improved profitability.

Contact Us logo Quick Apply CIBIL Score logo Free CIBIL Whatsapp logo Connect on WhatsApp