Online Generator loan

Apply to Empower Your Business with a Genset Loan!

Attractive Interest Rates | Minimal Documentation | Quick Approval

Whether you are a small-scale enterprise or a large industrial setup, the need for a dependable generator set (genset) is crucial. Keep your business running by sourcing a generator set through a Machinery Loan from Poonawalla Fincorp.

Get up to ₹5 Crore with minimal documentation, opt for a convenient repayment tenure, and enjoy easy application and fast approval. Apply now!

Machinery Loan Interest Rates 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)
Other Hidden Charges Nil

Securing a genset loan with Poonawalla Fincorp is easy and hassle-free. Here are the eligibility criteria:

Eligibility Criteria Requirements
Citizenship Indian
Age 24 years to 65 years
Business Vintage At least 3 years or above

List of documents required for a genset loan are:

  • KYC Documents

    Identity Proof

  • Address Proof

    Address Proof

  • Financial Documents

    Financial Documents

  • Banking


  • Income Proof

    Business Proof

  • Proof of Employment

    Business Vintage

  • Identity Proof: Any valid government-issued ID (e.g., PAN Card, Aadhaar Card, Passport, Driving Licence, Voter ID).
  • Address Proof: Proof of your current business address (e.g., utility bills, rental agreement).
  • Financial Documents: Income Tax Returns (ITR), Computation of Income (COI), audit report, Balance sheet, P&L and its schedules.
  • Banking: Last 6 months Bank statement in PDF format.
  • Business Proof: Relevant documents showcasing the existence and nature of your business.
  • Business Vintage: Proof of business operations (must be operational for at least two years).

Note: The above-mentioned Genset Loan documents list is indicative. Additional documents may be required during loan processing.

Here are some features and benefits of our genset loan:

  • High Loan Amount Range

    High Loan Amount

  • Attractive Interest Rates

    Competitive Interest Rates

  • Minimal Processing Fee

    Minimal Processing Fee

  • Minimum Documentation

    Minimum Documentation

  • Flexible Loan Tenure

    Flexible Repayment Tenure

  • Quick Approval & Hassle-Free Process

    Quick Approval & Hassle-Free Process

  • Loan to Value

    Loan to Value (LTV)

  • High Loan Amount: You can avail of a genset loan of up to ₹5 Crore.
  • Competitive Interest Rates: Enjoy competitive interest rates starting at 12% p.a.
  • No Hidden Charges: All charges are clearly disclosed. We offer transparency throughout the loan application process.
  • Minimum Documentation: To get your genset loan approved faster, you only need to submit basic documents.
  • Zero Foreclosure Charges: There are zero prepayment charges if the loan is paid off using your own funds.
  • Flexible Loan Tenure: Choose a loan tenure that suits your business cash flow, ranging from a minimum of 12 months up to a maximum of 48 months.
  • Quick Approval and Hassle-Free Process: Our genset loan offers quick approval with a straightforward application process and minimal documentation.
  • Loan-to-Value (LTV): You can receive loans up to 80% of the asset value, providing substantial financial support for your genset acquisition.

You can refer the below-mentioned instructions to apply:

  • Step 1: Click on the ‘Apply Now’ button.
  • Step 2: Fill in the required details on the loan application form.
  • Step 3: Upload necessary documents.

On successful verification, the loan will be transferred to your bank account.

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Click on ‘Apply Now’ and fill in the application form

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Submit Documents

Provide your basic details

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Your application will be processed and sent for basic verification

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Quick Approval

Get your loan approved quickly

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Instant Disbursed

Once your loan application is approved, our representative will guide you through further formalities

What is a genset loan?

A genset loan is a type of financing that is specifically designed for acquiring generator sets or machinery for businesses. It offers businesses the convenience of obtaining the required equipment while preserving their working capital.

Who can apply for a genset loan?

Any business owner in need of a generator set for their business can apply for a genset loan. The business owner must be between 24years to 65 years old and an Indian citizen. The business owner should have at least 3 years of business vintage.

How can a genset loan improve my business operations?

By availing of a genset loan for your business, you can ensure an uninterrupted power supply, reducing downtime and enhancing operational efficiency.

What are the interest rates and applicable charges for a genset loan?

Poonawalla Fincorp offers genset loans at attractive interest rates, starting at 12%*p.a. Additional charges include a processing fee of 1% of the loan amount, along with applicable taxes.

How can I apply for a genset loan?

Applying for a genset loan is a simple process. To obtain instant funds, follow these easy steps:

  • Step 1: Click on the ‘Apply Now’ button under ‘Genset Loan.’
  • Step 2: Fill in the required details on the loan application form.
  • Step 3: Upload necessary documents.

On successful verification, the loan will be transferred to your bank account.

*Terms & Conditions apply

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