Machinery Loan Interest Rate & Charges

Interest rate for Machinery Loan

Know More About the Interest Rates and Charges on Machinery Loan

Interest Rate Logo Interest Rate
  • We offer Machinery Loans with attractive interest rates starting from 9.99%* p.a. You can check your interest rate by using the Machinery Loan EMI calculator.
Loan Fees Logo Processing Fee
  • We charge minimal processing of up to 1%* of the loan amount for Machinery Loan applications.
Payment Logo Part-payment Charges
  • We do not levy any charges on part-payment after repayment of 6 EMIs
Foreclosure Charges Logo Foreclosure Charges
  • Foreclose your loan ahead of time and clear your debt without worrying about high charges. We levy 0% foreclosure charges if paid from own sources and 4% foreclosure charges on the outstanding loan amount plus taxes if paid from other sources.
Fee And Charges Logo Other Charges
  • Kindly check our tariff sheet document to get more details about our other fees and applicable charges.

*T&C Apply

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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.

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