Interest rate for Machinery Loan

Know More About the Interest Rates and Charges on Machinery Loan

	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.
	Processing Fee We charge minimal processing of up to 1%* of the loan amount for Machinery Loan applications.
	Part-payment Charges We do not levy any charges on part-payment after repayment of 6 EMIs
	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.
	Other Charges Kindly check our tariff sheet document to get more details about our other fees and applicable charges.

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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.

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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.