Machinery Loans for Businesses of all Scale
In today’s rapidly evolving business landscape, staying abreast of new technologies is essential for growth. To achieve this, businesses must adapt to the changing environment by updating their existing operations. One approach is to invest in the latest machinery to enhance production capacity. Alternatively, businesses can opt for expansion to increase their reach and market share. To facilitate these investments, businesses can leverage machinery loans offered at competitive interest rates, with or without collateral requirements.
Machinery finance helps MSMEs acquire new or replace damaged machinery, boosting sales and profits. Explore FAQs for a deeper understanding of machine loans.
How important are machinery loans?
India’s numerous Micro, Small, and Medium Enterprises require costly machinery for manufacturing. Machinery finance helps businesses afford these tools, boosting productivity.
Is it possible to obtain a machinery loans without security?
Many institutions fund based on collateral. But we arrange the funding in both secured as well as unsecured ways depending upon the availability of collateral with the borrower.
Here’s a guide to avail of machinery loans without security.
What is the maximum duration for repaying?
The tenure/repayment period of a machinery loan majorly depends upon the amount required for purchasing machinery. It can be availed for short as well as long term. Mostly the tenure is more than a year and can even go up to 5 years.
How much interest is applicable on machinery loans?
The interest depends on the availability of the mortgage. That is, whether the loan is secured or unsecured. So, if the borrower possesses the mortgage, the ROI applicable will be lesser. Whereas, in unsecured loans, the ROI will be higher as compared to the secured ones. Terkar Capital arranges both products at a reasonable rate for our clients.
Who can apply for machinery loans?
All eligible businesses can apply for machinery funding. The business engaged in manufacturing will require machinery majorly and therefore can opt for the same.
What is the procedure in Machinery Funding?
1. Know the requirement
The first step is to understand the requirements of the client. This includes the details of machinery, the amount required, etc.
2. Check the eligibility
Further, we check whether the client fits the eligibility criteria or not. The prime factors required for eligibility criteria are the age of the applicant, business vintage, turnover/earnings, and credit score.
3. Put forth the proposal
After analyzing the above steps, we find an appropriate lender for putting forth the proposal and approving the acceptance.
4. Fulfil the documentation
The first step is to understand the requirements of the client. This includes the details of machinery, the amount required, etc.
5. Get the funds
Finally, after completing all the above steps the funds will be transferred to the client and he can use the same for financing machinery.
Terkar Capital for machinery finance
The following are the benefits that we provide to our clients:
- We arrange funding, even for the larger amount of machinery.
- We offer machinery loans in both secured and unsecured ways depending upon the availability of collateral with the borrower and his credit score.
- Terkar Capital maintains confidentiality and transparency in the process.
- We are one of the top machinery finance companies, offering you convenient access to funds.
- We arrange a wide range of lenders and choose the best suit for the borrower as per his needs.
- Our team of experts constantly guides the client and makes their procedure convenient.
I’m Sanjay, Hanje Hydrotech based in Sangli Maharashtra. Am a manufacturer of fly ash bricks-making machines, paper bag-making machines & Sugar cane harvesters. Am looking for a machine loan for my clients.
Thank you for your input, Sanjay. We would be happy to assist you in finding a machine loan for your clients. Please let me know the specific details of the loan requirements. Do reach out to us and we will do our best to find suitable lenders. Thank You.
Best Regards,
Team – Terkar Capital
Dear sir/Madam,
We are UAE based capital equipment supplier, we required equipment loans for our orders for government projects.
Dear Daniel,
Thank you for writing to us. Definitely, we can work on this. We will call on the given details for further inputs. Kindly reach out to our contact us page.
we required finance aginst government project.
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