Loan Amount
Up to ₹10 Crore
Interest Rate
Starting at 9.99%* p.a.
Hidden Charges
0%

Avail Machinery Loan Online for MSMEs

Boost your business’ productivity with high-tech machinery. Buy the latest machinery to upscale your operations with a Machinery Loan from Poonawalla Fincorp. Access substantial funds of up to ₹10 Crore with minimal documentation and quick approval.
Unlock multiple benefits, such as competitive interest rate, flexible tenure and a hassle-free application process. Apply now!

Why Choose Poonawalla Fincorp

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

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

Rupees one lakh

Interest Rate

%
9.99 %
15 %

Tenure

Months
12Months
72Months

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

Eligibility Criteria for a Machinery Loan for MSMEs

Fulfil our simple eligibility details:

  • Age: Between 25 and 65 years
  • Nationality: Indian citizenship
  • Business Vintage: At least 3 years

Documents Required for a Machinery Loan for MSME

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.

Interest Rate and Charges for Equipment Loan for MSMEs

Enjoy our affordable interest rate and nominal charges:

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 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

Different Uses of Machinery Loans for MSMEs

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

Who Can Get an Online Machinery Equipment Loan

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

Tips for Successful MSME Machinery Loan Application

  • 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

Who is eligible to apply for an MSME Machinery Loan?

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
Do I have to pay any processing fee for a Machinery Loan?

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

What is the loan amount I can avail from Poonawalla Fincorp?

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