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

Power Your Business Growth With a Generator Loan Online

A generator set ensures that even when there are no conventional power sources available, your business operations don’t come to a halt. Back up your power requirements with a hassle-free online generator loan of up to ₹10 Crore from Poonawalla Fincorp. Get funds for your power needs with benefits like fast processing, competitive interest rates, flexible EMIs and no hidden charges. Apply now!

Why Choose Poonawalla Fincorp

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

Generator Loan Online EMI Calculator

Plan your monthly repayment budget with the help of our Machinery Loan EMI calculator for generator sets. 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
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 Generator Loan Online

You can easily qualify for a generator loan online from Poonawalla Fincorp by meeting a few simple eligibility requirements:

  • CIBIL Score: You have a minimum CIBIL score of 750 or higher.
  • Age: You are at least 25 years of age and not more than 65 years of age when applying for the loan.
  • Citizenship: You hold an Indian citizenship.

Note: The eligibility criteria provided are indicative. Additional eligibility conditions may be required while processing the loan application.

 

 

Documents Required for a Generator Loan Online

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.

Interest Rates and Charges for Machinery Loan

You can get an online generator loan at no hidden charges from Poonawalla Fincorp. Avail a genset loan at competitive interest rates and nominal processing fees.

Interest Rate
9.99%* p.a. onwards
Processing Fee
Up to 2%
Loan Amount
₹5 Lakh to ₹10 Crore
Loan Tenure
12 – 72 months
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
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

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

What is a genset loan?

A genset loan or online generator loan is a specialized form of financing for businesses to acquire generator sets. Poonawalla Fincorp offers online generator loans at competitive interest rates and no hidden charges.

Who is eligible for an online generator loan?

Any Indian citizen within the age range of 25 to 65 years and having a CIBIL score of at least 750 or higher is eligible to apply for an online generator loan. However, additional eligibility criteria may be set down by lenders.

 

How can I apply for an online generator loan?

You can easily apply for a genset loan online from the comfort of your home on the Poonawalla Fincorp website. Simply complete the application online by filling in the application form and submitting the required documents to secure up to ₹10 Crore at competitive interest rate.

What are the interest rates and applicable charges for an online generator loan?

Poonawalla Fincorp offers genset loans at competitive interest rates starting at 9.99%* p.a. and at a one-time processing fee of up to 2%.