Loan Amount
Up to ₹10 Crore
Interest Rate
Starting at 9.99%* p.a.
Loan Tenure
12-72 Months

Improve Manufacturing Efficiency with a CNC Machine Loan

Modern day precision engineering workshops are essentially incomplete without the latest Computer Numerical Control (CNC) machines. CNC machines are efficacious in mass production of highly accurate machined surfaces, although acquiring one can be expensive due to their high price tags. Poonawalla Fincorp’s CNC machine loan of up to ₹10 Crore at competitive interest rates can finance your upgrade to the latest CNC machines with a simple application process and flexible repayment options. Apply now!

Why Choose Poonawalla Fincorp

High Loan
Amount
Competitive
Interest Rate
Online
Application
Minimal
Documentation
Quick
Disbursal
Zero Hidden
Charges

CNC Machine Loan EMI Calculator

Plan your monthly repayment budget with the help of our Machinery Loan EMI calculator. Simply enter the loan amount, interest rates, and loan tenure to get instant results. Try now!

Optimise Your Machinery Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹500000
Interest Payable
₹5,493

Loan Amount

Interest Rate

%
9.99 %
15 %

Tenure

Months
12Months
72Months

Apply for a CNC Machine Loan

Click on "Apply Now”

Tap the "Apply Now" button to initiate your application.

Enter Details

Enter your DOB, PAN card number, technical details of medical equipment and other details.

Upload Documents

Upload the necessary documents to get quick approval.

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for a CNC Machine Loan

You can easily get a CNC machine loan online if you meet the following basic eligibility requirements:

  • CIBIL Score: You have a minimum CIBIL score of 750 or higher.
  • Age: You are at least 25 years of age and not more than 65 years of age when applying for the loan.
  • Citizenship: You hold an Indian citizenship.

Note: The eligibility criteria provided are indicative. Additional eligibility conditions may be considered while verifying the loan application.

 

 

Documents Required for a CNC Machine Loan

Submit minimal documents to apply for the loan:

  • KYC Documents: PAN card/Aadhaar card/Driving license/Voter ID/Passport.
  • Financial Documents: Last 2 years' financials containing ITR, Computation of Income, B/S, P&L, Audit Reports and Applicable Schedules.
  • Banking Details: Past 6 months’ bank statements of all active accounts (CA/CC/OD) and all live loans sanction letters/RPS/SOAs.

Click to know more about the required documents in detail.

Interest Rate & Charges for Machinery Loan

You can get an online CNC machine loan at no hidden charges from Poonawalla Fincorp. You can avail of this loan at competitive interest rates and nominal processing fees.

Interest Rate
9.99%* p.a. onwards
Processing Fee
Up to 2%
Loan Amount
₹5 Lakh to ₹10 Crore
Loan Tenure
12 – 72 months
Foreclosure Charges
0% if paid from own sources
4% if paid from other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonor Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Hidden Charges
Nil

Default Charges: Penalty will be charged for nonpayment of EMI amount and for non-compliance of material terms and conditions, as more particularly specified at Default Charges.pdf

*T&C Apply

Get Funds Quickly With
Minimal
Documentation

1

Click 'Apply Now' Fill out the online form to start your loan application.

2

Upload Documents Provide your KYC documents to complete the verification.

3

Get Funds Get the loan amount
disbursed to your bank account.

Happy Customers, Happy Us

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

What is a CNC machine loan?

A CNC machine loan is a specialised Machinery Loan designed to help businesses acquire CNC (Computer Numerical Control) machines. CNC machines offer speed and accuracy to precision manufacturing operations and hence can be expensive. Poonawalla Fincorp’s CNC machine loans provide financial assistance in acquiring CNC machines.

Who is eligible for a CNC machine loan?

Any Indian citizen having a CIBIL score of at least 750 or more and within the age range of 25 to 65 years is eligible to avail of a CNC machine loan for their business. However, additional eligibility criteria may have to be fulfilled while applying for a CNC machine loan with Poonawalla Fincorp.

 

What documents are required to apply for CNC machine loan?

Applicants must furnish KYC documents, income documents, address proof and business documents to apply for CNC machine loan from Poonawalla Fincorp. Additionally, other relevant documents may also be required to be furnished depending on the customer's credit profile.

Can I get flexible EMIs for CNC machine loan?

Definitely. You can get flexible EMIs for hassle-free repayment of your CNC machine loan from Poonawalla Fincorp. You can easily choose a loan repayment tenure between 12 to 72 months for the repayment of CNC machine loan.