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

Machinery Loan EMI Calculator

Plan your monthly repayment budget with the help of our EMI calculator for online equipment 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
12 Months
72 Months

Why Choose Poonawalla Fincorp

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

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 minimal documents to apply for the loan:

  • KYC Documents: PAN card/Aadhaar card/Driving license/Voter ID/Passport.
  • Financial Documents: Last 2 years' financials containing ITR, Computation of Income, B/S, P&L, Audit Reports and Applicable Schedules.
  • Banking Details: Past 6 months’ bank statements of all active accounts (CA/CC/OD) and all live loans sanction letters/RPS/SOAs.

Click to know more about the required documents in detail

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

Poonawalla Fincorp’s online equipment financing can cover a wide range of industrial machinery, including construction equipment, heavy machinery, manufacturing equipment, high-precision machines such as CNC machines, printing equipment, generator sets and more. The eligibility depends on the specific needs of the business as well as the credit profile of the applicant.

Even if you have funds in reserve, online equipment financing offers significant advantages over buying equipment by helping conserve working capital and reducing upfront costs of businesses.

 

Definitely. You can avail of online equipment financing to replace existing machinery or upgrade to better machinery for your business. This flexibility allows businesses to stay competitive and efficient by ensuring they have access to the latest technology and equipment when needed.

While the document requirements for online equipment 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.