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

Machinery Loan EMI Calculator

Plan your monthly repayments efficiently with our online EMI calculator. Just enter the loan amount, interest rate, and tenure. 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
12 Months
72 Months

Why Choose Poonawalla Fincorp

High Loan
Amount
Online
Application
Attractive
Interest Rate
Minimal
Documentation
Quick
Approval
Zero
Hidden Charges

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

Meet our straightforward eligibility criteria:

  • Age: 25 to 65 years.
  • Citizenship: Indian
  • Business Vintage: Minimum 3 years.

Submit the essential documents while applying:

  • KYC Documents
  • Financial Documents
  • Banking Details
  • Other Documents

Note: The above-mentioned list of documents is indicative. Additional documents may be required during loan processing.

We offer competitive interest rate and nominal charges on our loan:

Interest Rate
9.99%* p.a. onwards
Loan Amount
₹5 Lakh to ₹10 Crore
Loan Processing Fees
Up to 2%
Lowest EMI Per Month
Starting from ₹2,124* per Lakh for 72 months
Loan Tenure
12-72 months
Prepayment/Foreclosure Charges
0% if paid from own sources
4% If paid from other sources
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour 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

  • Existing equipment upgrade
  • Purchase new tools or software
  • Expansion of manufacturing facility

  • Have a comprehensive business plan
  • Define loan purpose
  • Review your credit score
  • Organise necessary documents
  • Reduce existing debts

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

Machinery Loan is a financing product designed for businesses with a vintage of at least 3 years to purchase machinery and equipment. It provides funds for the purchase of equipment essential for business operations.

To qualify for a Machinery Loan from Poonawalla Fincorp:

  • You must be an Indian Citizen.
  • Must be between 25 to 65 years of age.
  • Have a minimum business vintage of 3 years.

You can avail of a Machinery Loan from Poonawalla Fincorp with a maximum loan amount of up to ₹10 Crore.

Poonawalla Fincorp offers attractive features and benefits:

  • High Loan Amount of up ₹10 Crore.
  • Competitive Interest Rate.
  • Minimal Documentation.
  • Zero Hidden Charges.