Loan Amount
Up to ₹10 Crore
Interest Rate
Starting at 9.10%* p.a.
Loan Tenure
12-72 Months

Get Machinery Loan At Affordable Interest Rates

Scale-up your business operations with a Machinery Loan at competitive interest rates and minimal charges. Secure our loan with lower EMIs and a lighter financial burden. Borrowing a loan is now more affordable than ever – Apply now!

Interest Rate

Get a Machinery Loan at an interest rate starting at 9.10%* p.a. Enjoy lower monthly payments and streamline your budget.

Processing Fee

Pay minimal processing fees of just up to 2% + taxes . Skip the hefty charges and get access to a Machinery Loan with ease.

Prepayment/Part-Payment Charges

4% charges plus taxes are applicable on amount being prepaid/part-paid.

Foreclosure Charges

4% charges plus taxes are applicable on principal outstanding.

Other Charges

Poonawalla Fincorp focuses on providing 100% transparency about fees and charges. Get a complete breakdown of other charges on our tariff sheet document.

Machinery Loan – Schedule of Charges & Other Features

Meet your business needs with a Machinery Loan at attractive interest rates and charges:

Factor
Charges
Interest Rate
9.10%* p.a. onwards
Loan Amount
₹5 Lakh to ₹10 Crore
Loan Processing Fee
Up to 2% + Taxes
Lowest EMI per month
Starting from ₹2,124* per Lakh for 72 months
Loan Tenure
12-72 months
Foreclosure Charges
4% charges plus taxes are applicable on principal outstanding.
Prepayment/Part-Payment Charges 
4% charges plus taxes are applicable on amount being prepaid/part-paid.
Default Charges
24% per annum
Repayment Instrument Dishonour Charges
Rs 500
Stamp Duty
Rs 100
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

Factors Affecting Machinery Loan Interest Rate and Charges

  • Credit Score: Your credit score decides your Machinery Loan interest rate. A high credit score allows for an affordable interest rate on a Machinery Loan.
  • Repayment Tenure: A longer repayment tenure provides the convenience of affordable interest rates but leads to higher interest rates. Shorter repayment tenure reduces the interest payable.
  • Your Annual Revenue: Your business’ annual revenue significantly affects the Machinery Loan rate of interest. A high revenue depicts good repayment capability and you can benefit from affordable interest rates.
  • Down Payment: The amount of your downpayment impacts your interest rate. The higher the downpayment, the lower the interest rate, and vice versa.

Apply for a Machinery Loan in Just 3 Steps

Click on '‘Apply Now’'

Tap the “Apply Now” button to initiate your application.

Enter Details

Enter your personal, contact, business and other details.

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

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

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Frequently Asked Questions

Poonawalla Fincorp offers attractive interest rates on Machinery Loan starting at just 9.10%* p.a.

No, there are no hidden charges; we disclose all the charges transparently before the loan approval.

You can calculate the EMI amount with our online Machinery Loan EMI calculator completely free.

Yes, 4% charges plus taxes are applicable on amount being prepaid/part-paid.

Happy Customers, Happy Us