Online Equipment Financing

Apply for Online Equipment Financing

Minimal Documentation | Flexible Loan Tenure | Easy Online Process

Equipment financing is a lifeline for manufacturers who are looking for latest equipment without the burden of a substantial upfront cost. A lender extends a loan allowing for manageable monthly payments. With Equipment Financing, businesses have advantages like improved cash flow, potential tax benefits, and accessibility with varying credit profiles.

The advent of online financial services further enhances this boon for manufacturers. Online equipment financing streamlines the asset acquisition process, documentation, and approval. Manufacturers can swiftly acquire the machinery ensuring their operations remain competitive and efficient.


Avail of Equipment Loan rates starting at 9.99% p.a. with loan processing fees of up to 1% plus applicable taxes. Please see below for more details:

Interest Rates for Industrial Equipment Loan 9.99%* p.a. onwards
Loan Amount ₹5 Lakh to ₹5 Crore
Loan Processing Fees Up to 1% plus applicable taxes
Lowest EMI per month Starting from ₹2,124* per Lakh for 60 months
Loan Tenure 12 – 60 months
Prepayment/Foreclosure Charges 0%* If paid from own sources & 4% If paid from other sources
Default Charges 24% per annum
Cheque Bounce Charges ₹500 per bounce plus applicable taxes
Stamp Duty At actuals (as per state)
No Other Hidden Charges


Age Requirement


Minimum CIBIL Score

Minimum CIBIL Score

  • Nationality - The applicant should hold Indian citizenship.
  • Age - The applicant must be between 24 and 65 years old when applying for the loan.
  • Minimum CIBIL Score - A minimum CIBIL score of 650 or higher is required to be eligible for the Heavy Machinery Financing.
  • Address proof

    Address Proof

  • Income Proof

    Identity Proof

  • Address proof

    Business Proof

  • Identity Proof

    Income Proof

  • Address Proof: Proof of your current residential address (e.g., utility bills, rental agreement).
  • Identity Proof: Any valid government-issued photo ID (e.g., PAN Card, Aadhaar Card, Passport, Driving Licence, Voter ID).
  • Business Proof: Relevant documents showcasing the existence and nature of your business.
  • Income Proof: Documents showing your income, such as bank statements, salary slips, or income tax returns for self-employed individuals.

Please ensure you have these documents ready to expedite the loan application process for your Loan.

  • Access to Cutting-Edge Machinery: With an online Equipment Loan, your business gains access to the most advanced machinery available in the market. This ensures that you stay competitive and can provide top-notch products or services.
  • Improved Productivity: Upgrading or expanding your equipment fleet can significantly enhance your operational efficiency. Modern machinery often comes with automation, precision, and speed improvements, resulting in increased productivity and reduced downtime.
  • Cost-Efficiency: Financing your equipment through a loan allows you to spread the cost over time, preventing the strain of a large upfront investment. This can free up capital for other essential aspects of your business, such as working capital or growth initiatives.
  • Flexibility in Financing: Online equipment financing offers a range of flexible terms and options. You can choose the loan tenure, interest rates, and down payment that aligns with your financial goals and business needs.
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Instant Disbursed

Your applied loan is ready for disbursal. Our representative will help you with post approval formalities.

What types of equipment can be financed?

Equipment financing can cover a wide range of machinery and assets, including construction equipment, vehicles, medical devices, technology, industrial machinery, and more. The eligibility often depends on the lender and the specific needs of the business.

What are the benefits of equipment financing over buying equipment outright?
What documents and information are required to apply for equipment financing?
What's the difference between equipment leasing and equipment financing?
Can equipment financing be used to upgrade existing equipment?

*Terms & Conditions Apply

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