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

Get Machinery Loan At Affordable Interest Rates

Scale-up your business operations with a Machinery Loan at competitive interest rates and minimal charges. Secure our loan with lower EMIs and a lighter financial burden. Borrowing a loan is now more affordable than ever – Apply now!

Interest Rate

Get a Machinery Loan at an interest rate starting at 9.99%* p.a. Enjoy lower monthly payments and streamline your budget.

Processing Fee

Pay minimal processing fees of just up to 2%. Skip the hefty charges and get access to a Machinery Loan with ease.

Part-payment Charges

We do not levy part-payment charges after the successful payment of 6 EMIs. Repay the loan conveniently with no extra charges.

Foreclosure Charges

Foreclose your loan before the due date and reduce your debt burden. Pay 0% foreclosure charges if paid from own sources and 4% foreclosure charges apply if paid from other sources.

Other Charges

Poonawalla Fincorp focuses on providing 100% transparency about fees and charges. Get a complete breakdown of other charges on our tariff sheet document.

Machinery Loan – Schedule of Charges & Other Features

Meet your business needs with a Machinery Loan at attractive interest rates and charges:

Factor
Charges
Interest Rates
9.99%* p.a. onwards
Loan Amount
₹5 Lakh to ₹10 Crore
Loan Processing Fee
Up to 2%
Lowest EMI per month
Starting from ₹2,124* per Lakh for 72 months
Loan Tenure
12 – 72 months
Prepayment/Foreclosure Charges
0% if paid from own sources.
4% If paid from other sources.
Default Charges
24% p.a. + taxes
Repayment Instrument Dishonour Charges
₹500 per bounce plus applicable taxes
Stamp Duty
At actuals (as per state)
Other 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

Factors Affecting Machinery Loan Interest Rate and Charges

  • Credit Score: Your credit score decides your Machinery Loan interest rate. A high credit score allows for an affordable interest rate on a Machinery Loan.
  • Repayment Tenure: A longer repayment tenure provides the convenience of affordable interest rates but leads to higher interest rates. Shorter repayment tenure reduces the interest payable.
  • Your Annual Revenue: Your business’ annual revenue significantly affects the Machinery Loan rate of interest. A high revenue depicts good repayment capability and you can benefit from affordable interest rates.
  • Down Payment: The amount of your downpayment impacts your interest rate. The higher the downpayment, the lower the interest rate, and vice versa.

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 is the interest rate for a Machinery Loan?

Poonawalla Fincorp offers attractive interest rates on Machinery Loan starting at just 9.99%* p.a.

Are there any hidden costs or charges for an industrial equipment loan application?

No, there are no hidden charges; we disclose all the charges transparently before the loan approval.

How do I calculate the EMI amount on the Machinery Loan?

You can calculate the EMI amount with our online Machinery Loan EMI calculator completely free.

Do I have the option of prepaying the entire Machinery Loan amount?

Yes, you can prepay the entire Machinery Loan amount with no extra charge if you pay from your own sources. However, you must pay 4% foreclosure charges if you pay from other sources.

Happy Customers, Happy Us