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

Documents Required for Machinery Loan

Submit the required documents based on whether your business is registered as a proprietorship firm, partnership firm, LLP, or company

Eligibility Criteria for Machinery Loan

Poonawalla Fincorp is focused on empowering you to achieve your business aspirations by providing accessible and convenient financing solution. Just meet the eligibility requirements, submit the required documents, and take a step towards fulfilling your ambitions.


Check Our Eligibility Criteria for Industrial Equipment Loan

Factor
Machinery Loan Requirements
Age
Between 25 and 65 years of age.
Citizenship
Indian.
Business Vintage
At least 3 years.

Documents Required for Proprietorship Firm

Documents
 
Requirements
KYC
Firms KYC
  • Udyam Registration Certificate
  • GST Registration Certificate
  • Shop Act Certificate
  • Factory Ownership Proof or Factory Rent Agreement
Proprietors KYC
  • PAN card/Aadhaar card/Driving license/Voter ID/Passport
  • Residence ownership proof or Rent agreement
Co-applicant's KYC
  • PAN card/Aadhaar card/Driving license/Voter ID/Passport
  • Residence ownership proof or Rent agreement
Financial
 
Latest 2 years Financials containing ITR, Computation of Income, B/S, P&L, Audit Reports and Applicable Schedules
Banking
 
  • Latest 6 months bank statements of all active accounts (CA/CC/OD)
  • All live loan sanction letters/RPS/ SOAs
Other
 
  • Latest proforma invoice/ machine quotation along with complete scope of supply
  • Work order copies/Orders in hand
  • Company profile
  • Passport size photo, mobile numbers and email IDs of applicant and co-applicants

Documents Required for Partnership Firm

Documents
 
Requirements

KYC
Firms KYC
  • Udyam Registration Certificate
  • GST Registration Certificate
  • Shop Act Certificate
  • Factory Ownership Proof or Factory Rent Agreement
Proprietors KYC
  • PAN card/Aadhaar card/Driving license/Voter ID/Passport
  • Residence ownership proof or Rent agreement
Co-applicant's KYC
  • PAN card/Aadhaar card/Driving license/Voter ID/Passport
  • Residence ownership proof or Rent agreement
Financial
 
Latest 2 years Financials containing ITR, Computation of Income, B/S, P&L, Audit Reports and Applicable Schedules
Banking
 
  • Latest 6 months bank statements of all active accounts (CA/CC/OD)
  • All live loan sanction letters/RPS/ SOAs
Other
 
  • Latest proforma invoice/ machine quotation along with complete scope of supply
  • Work order copies/Orders in hand
  • Company profile
  • Passport size photo, mobile numbers and email IDs of applicant and co-applicants

Documents Required for LLP

Documents
 
Requirements
KYC
Firms KYC
  • Udyam Registration Certificate
  • GST Registration Certificate
  • Shop Act Certificate
  • Factory Ownership Proof or Factory Rent Agreement
Proprietors KYC
  • PAN card/Aadhaar card/Driving license/Voter ID/Passport
  • Residence ownership proof or Rent agreement
Co-applicant's KYC
  • PAN card/Aadhaar card/Driving license/Voter ID/Passport
  • Residence ownership proof or Rent agreement
Financial
 
Latest 2 years Financials containing ITR, Computation of Income, B/S, P&L, Audit Reports and Applicable Schedules
Banking
 
  • Latest 6 months bank statements of all active accounts (CA/CC/OD)
  • All live loan sanction letters/RPS/ SOAs
Other
 
  • Latest proforma invoice/ machine quotation along with complete scope of supply
  • Work order copies/Orders in hand
  • Company profile
  • Passport size photo, mobile numbers and email IDs of applicant and co-applicants

Documents Required for Company

Documents
 
Requirements
KYC
Firms KYC
  • Udyam Registration Certificate
  • GST Registration Certificate
  • Shop Act Certificate
  • Factory Ownership Proof or Factory Rent Agreement
Proprietors KYC
  • PAN card/Aadhaar card/Driving license/Voter ID/Passport
  • Residence ownership proof or Rent agreement
Co-applicant's KYC
  • PAN card/Aadhaar card/Driving license/Voter ID/Passport
  • Residence ownership proof or Rent agreement
Financial
 
Latest 2 years Financials containing ITR, Computation of Income, B/S, P&L, Audit Reports and Applicable Schedules
Banking
 
  • Latest 6 months bank statements of all active accounts (CA/CC/OD)
  • All live loan sanction letters/RPS/ SOAs
Other
 
  • Latest proforma invoice/ machine quotation along with complete scope of supply
  • Work order copies/Orders in hand
  • Company profile
  • Passport size photo, mobile numbers and email IDs of applicant and co-applicants

Machinery Loan Eligibility Calculator

With Poonawalla Fincorp's Machinery Loan EMI Calculator, you hold the key to unlocking financial transparency. This calculator helps you meticulously plan your EMIs, ensuring you are well-equipped to manage your monthly budget.

Optimise Your Machinery Loan Experience
With Monthly Budget Planning

Monthly Payable Amount₹8,791
Principal Amount
₹500000
Interest Payable
₹5,493

Loan Amount

Rupees one lakh

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

Get exclusive access to simplified
Personal Finance
Information at
Poonawalla Fincorp’s FinHub

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Frequently Asked Questions

What are the eligibility criteria for Machinery Loan?

To qualify for Machinery Loan from Poonawalla Fincorp:

  • You must be an Indian Citizen.
  • Must be between 25 to 65 years of age.
  • Have a minimum business vintage of 3 years.
  • What is the tenure of a Machinery Loan?

    With Poonawalla Fincorp, you can get a Machinery Loan with a flexible repayment tenure between 12 to 72 months.

    How can I apply for a Machinery Loan?

    Apply for a Machinery Loan from Poonawalla Fincorp in just 3 simple steps:

    • Step 1: Click on “Apply Now”.
    • Step 2: Enter all the personal details.
    • Step 3: Upload all the necessary documents.

    On successful verification, the loan amount will be disbursed into your bank account. 

     

    Happy Customers, Happy Us