Know More About the Interest Rates and Charges on Machinery Loan
A Machinery Loan empowers you to scale your business operations and enhance productivity. You can get a Machinery Loan from Poonawalla Fincorp at competitive interest rates. This results in an overall reduction in the cost of the loan and makes the borrowing affordable for you. Your high credit score also plays a vital role in providing better interest rates and loan terms. Check interest rates, processing fees, and other charges for a Machinery Loan. Apply now!
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*T&C Apply
Machinery Loan – Schedule of Charges & Other Features
Factors Affecting Machinery Loan Interest Rate and Charges
Several factors affect the Machinery Loan Interest rates and charges, some of which are mentioned below:
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Repayment Tenure
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Your Annual Revenue
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Down Payment
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Frequently Asked Questions
Anyone who meets the following eligibility criteria can avail of a Machinery Loan:
- Age: Applicant must be between 25 and 65 years of age
- Citizenship: The applicant must be an Indian citizen.
- Business Vintage: Applicant must have a business vintage of at least 3 years.
Yes, by securing a Machinery Loan from Poonawalla Fincorp, you can have the option to pre-pay the entire Machinery Loan without any charges if paid from your own sources. If you pre-pay the loan with any other source, 4% foreclosure charges will be applied.
Yes, with a good CIBIL score, you can get a Machinery Loan at competitive interest rates.
No, there are no hidden charges; all the charges are clearly disclosed.
You can calculate the EMI amount on the Machinery Loan with the help of the Machinery Loan EMI calculator provided on our website.
*T&C Apply