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

Machinery Loan EMI Calculator

Pre-plan your monthly repayment with our free EMI Calculator. Just enter the required values – loan amount, tenure, and interest rate to get the EMI amount and total interest outgo instantly. Calculate 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
Attractive
Interest Rate
Online
Application
Minimal
Documentation
Quick
Disbursal
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

Submit these documents to get a Machinery Loan:

  • KYC Documents: Aadhaar Card, PAN Card, Voter Card, Driving License, Passport, etc.
  • Financial Documents: 2 years’ ITR, Audit Reports, P&L Statement, Balance Sheet, etc.
  • Banking Details: 6 months’ bank statement and loan sanction letters

Click to know more about the documentation in detail.

  • Purchase high-tech machinery
  • Repair existing equipment
  • Acquire the latest technology
  • Upgrade existing machinery or tools

  • Small Traders
  • Auto Repair Garages
  • Educational Institutions
  • Beauty Parlours
  • X-ray Clinics
  • Handicraft Shops
  • Electronics Shops
  • Furniture Makers

  • Build a solid plan to increase business efficiency
  • Check the eligibility criteria
  • Select the right loan amount
  • Increase your credit score
  • Reduce Debt-to-Income Ratio

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

Any business owner who fulfils the following eligibility criteria is eligible to apply for a Machinery Loan for MSMEs:

  • Age: Between 24 and 65 years
  • Nationality: Indian citizenship
  • Business Vintage: At least 3 years

With Poonawalla Fincorp, you only need to pay a nominal processing fee for your loan application. This charge amounts Up to 2% + taxes of your sanctioned loan amount.

You can avail a Machinery Loan between ₹5 Lakh and ₹10 Crore for your small or medium-sized business from Poonawalla Fincorp.