Online Generator loan

Apply to Empower Your Business with a Genset Loan!

Attractive Interest Rates | Minimal Documentation | Quick Approval

In the dynamic landscape of Indian businesses, access to reliable machinery is crucial for sustained growth and success. Whether you are a small-scale enterprise or a large industrial setup, the need for a dependable generator set (genset) can arise at any moment.

At Poonawalla Fincorp, we understand that each business has unique needs. That's why we offer a range of machinery loan, including our specialized Generator Set Loan. Our Genset Loan application process is straightforward, ensuring you can focus on your business without unnecessary delays. Be it for backup power, construction projects, events, or any other purpose, our Genset Loan is designed to cater to your specific requirements.


Securing a Genset Loan with us at Poonawalla Fincorp is now easier than ever. We have simplified the entire process to cater to your business needs seamlessly. To apply for the loan, you only need to fulfil the following criteria and ensure you have a few essential documents at hand. Use our Genset Loan EMI calculator to plan your monthly payments effortlessly and gain better insights into your repayment schedule:

Know Your Eligibility Criteria

Eligibility Criteria Requirements
Nationality Indian
Age 24 years to 65 years
Minimum CIBIL Score 650 or higher

Here are the documents required for a Genset Loan:

  • 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 photo ID (e.g., Aadhaar Card, Passport, 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 it's 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).

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

At Poonawalla Fincorp, we understand your needs and promise quick and easy financing through the Genset Loan. Our loan process is hassle-free and designed to meet your financing requirements on time. Here are some of the reasons to choose our Genset Loan:

  • High Loan Amount Range

    High Loan Amount Range

  • Attractive Interest Rates

    Attractive Interest Rates

  • Minimal Processing Fee

    Minimal Processing Fee

  • Minimum Documentation

    Minimum Documentation

  • No Prepayment Charges

    No Prepayment Charges

  • Flexible Loan Tenure

    Flexible Loan Tenure

  • Quick Approval & Hassle-Free Process

    Quick Approval & Hassle-Free Process

  • Loan to Value

    Loan to Value (LTV)

  • High Loan Amount Range: You can avail yourself of a wide range of loan amounts, starting from ₹2 Lakh to up to ₹5 Crore, to cater to your specific equipment needs.
  • Attractive Interest Rates: Benefit from competitive interest rates, starting from 12% p.a. to make loan repayment affordable.
  • Minimal Processing Fee: Our processing fee is kept low, 1% plus applicable taxes to ensure cost-effective loan processing.
  • Minimum Documentation: To get your Genset Loan approved faster, you only need to submit basic documents.
  • No Prepayment Charges: There are zero prepayment charges if the loan is paid off using your own funds. This allows you to settle the loan early without additional costs.
  • 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 & 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.
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Your applied loan is ready for disbursal. Our representative will help you with post approval 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 in need of a generator set for their operations can apply for a Genset Loan. The eligibility criteria may include factors like Indian nationality, age, and minimum CIBIL score. Please check the complete eligibility criteria for specific requirements.

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. Having a reliable generator set can be crucial, especially during power outages and critical tasks.

What are the interest rates and applicable charges for a Genset Loan?

Interest rates for Genset Loans may vary depending on the lender, the loan amount, and the borrower's creditworthiness. Poonawalla Fincorp offers Genset Loans at attractive interest rates, beginning from just 12%* per annum. Additional charges include a processing fee of 1% of 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: Visit our website and click on 'Apply Now' under 'Genset Loan.'
  • Step 2: Enter the required details.
  • Step 3: Wait for loan application assessment and verification.
  • Step 4: Receive approval confirmation.
  • Step 5: Get the loan amount transferred to your bank account.

*Terms & Conditions apply

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