Business finance
Equipment / Machinery Loan
A term loan to purchase new or used plant, machinery, medical equipment, printing presses, CNC machines or commercial kitchen equipment. The asset itself is hypothecated, so security requirements outside the asset are minimal.
- Interest rate
- 9.50% – 16% p.a.
- Loan amount
- ₹5 Lakh – ₹10 Crore
- Tenure
- 12 – 84 months
- Processing fee
- 1% – 2% of loan amount
Features
What the equipment loan gives you
- Funding of 70-90% of the invoice value of the equipment
- Imported machinery financed through LC-backed structures
- Moratorium of 3-6 months while the machine is installed and commissioned
- Sale-and-leaseback on existing owned machinery to release cash
- Depreciation and interest both deductible as business expense
Eligibility
Who qualifies
- Operating business with 2+ years vintage (new units via CGTMSE route)
- Profitable ITR for the last 2 financial years
- Machine supplier quotation or proforma invoice
- Promoter credit score of 700 or above
- Margin contribution of 10-30% from own sources
Documents
Checklist to keep ready
KYC
- • PAN
- • Aadhaar
- • Constitution documents
Financials
- • 2 years ITR and audited financials
- • 12 months bank statements
- • GST returns
- • Existing loan sanction letters and repayment track
Asset
- • Proforma invoice or quotation from supplier
- • Technical specification of the machine
- • Valuation report for used machinery
Calculator
Estimate your EMI and eligibility
Indicative figures only. Your final rate depends on the lender's assessment of your credit profile, income and, for secured loans, the property.
Monthly EMI
₹65,227
- Principal
- ₹30,00,000
- Total interest
- ₹9,13,636
- Total payable
- ₹39,13,636
Your personalised explanation will appear here. Indicative only — final approval depends on the lender.
Want the full picture?
Read our written eligibility guide — how FOIR at 80% of income works, credit score bands, and eligibility checklists for all 13 loan products.
Read the Eligibility GuideFAQs
Equipment Loan questions
Related loan services
Ready to move on your equipment loan?
Share a few details and an advisor will call you within one working day with the lenders best suited to your profile.
Apply Now