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

Scale Business Growth With Heavy Machinery Financing

In industries like manufacturing and construction, heavy machinery and industrial equipment drive operational efficiency and overall business success. With Poonawalla Fincorp’s online heavy machinery financing, secure funds of up to ₹10 Crore for the purchase of industrial heavy machinery. We offer heavy machinery financing at attractive interest rate with flexible EMI options for convenient repayment. Apply now!

Why Choose Poonawalla Fincorp

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

Machinery Loan EMI Calculator

Plan your monthly repayment budget with the help of our EMI calculator for heavy machinery financing. 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 Medical Equipment Loan in Just 3 Steps

Click on ‘Apply Now’

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

Enter Details

Enter your personal, contact, and technical details of the medical equipment.

Upload Documents

Upload the necessary documents for quicker approval.

On successful verification, the loan amount will be disbursed into your bank account instantly

Get exclusive offers thoughtfully customised just for you

Eligibility Criteria for Heavy Machinery Financing

You can easily qualify for Poonawalla Fincorp’s online heavy machinery financing by meeting a few simple 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 required while processing the loan application.

Documents Required for Heavy Machinery Financing

Submit the following documents to apply for the loan:

  • KYC Documents
  • Business Documents
  • Income & Bank Account Statements
  • Qualification Documents

Click to know more about the documentation in detail.

Interest Rate and Charges for Heavy Machinery Financing

You can avail of online heavy machinery financing without hidden charges from Poonawalla Fincorp:

Interest Rate
9.99%* 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
Cheque Bounce Charges
₹500 per bounce plus applicable taxes
Default Charges
24% p.a. + taxes
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 type of machinery can be financed with Heavy Machinery Financing?

Typically, heavy machinery financing covers a wide range of industrial, agricultural, manufacturing and construction heavy machinery. It is essential to check with the lender to ensure your specific equipment qualifies.

What is the maximum loan amount available through Heavy Machinery Financing?

Poonawalla Fincorp’s Heavy Machinery Financing provides up to ₹10 Crore for the purchase of machinery. The final loan amount is determined after eligibility, credit history, and other factors are verified.

What is the repayment tenure for online Heavy Machinery Financing?

Poonawalla Fincorp offers flexible repayment tenure for Machinery Loans and online heavy machinery financing. You can repay conveniently with a flexible tenure of 12 – 72 months.

What documents are required to apply for online Heavy Machinery Financing?

While the document requirements for heavy machinery financing can vary depending on the lender, typical documents include KYC documents, financial statements, business tax returns, equipment quotes or invoices, and a business plan. Lenders may also evaluate your credit history and business performance.