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Apply for Machinery Loan at Ease!

Enhance productivity and scale your operations easily! Get the machinery you need without financial strain.

  • No Collateral Required
  • Quick Approval
  • Flexible Terms

Up to 100 Cr

From 9.5 Pa*

Tenure upto 60 Months

Machinery Loan for MSME Businesses

Machinery Loan for MSME Businesses are the secret weapon of India’s economic powerhouse. Unfortunately, these enterprises often face obstacles due to insufficient capital, which hinders their progress. We understand the challenges MSMEs face, particularly the hurdle of limited capital. By offering easy access to financing for machinery purchases, including industrial machines and medical equipment, we empower your business to bridge this gap.

Machinery Loans are more than just funding; they’re a strategic investment that unlocks a multitude of benefits. From increased productivity and efficiency to improved product quality and competitiveness, these loans pave the way for significant growth. Don’t let limited capital hold you back. Let a Machinery Loan be the fuel that propels your MSME to new heights of success.

Key Features of Machinery Loan

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Ticket size varies from Rs. 25 lacs to Rs 100 Cr

interest rate

The interest rates starting with 9.5% for INR and SIBOR + 300 bps for USD

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The turnaround time to raise the fund is as low as 3-4 days.

Simple paperwork

Simple terms and less paperwork

flexible repayment

The repayment tenure varies from 3 to 5 years.

(*T&C Applied)

Machinery Loan Eligibility

  • Your business must be at least 3 years old, or as required by the financial institution.
  • A Good CIBIL Score is required for a machinery loan without security.
  • Company profile – Show your company’s profile, work, vision, product line, clients etc.
  • Age requirements – Meet age criteria, which may vary by institution.
  • Financial records – Prove steady cash flow in company accounts.

Machinery loans assist businesses with specific needs, As:

  • They help businesses buy productivity-boosting machinery.
  • Can be obtained for any sector, e.g. IT, Automobiles, Metallurgy Construction, Transport Or Manufacturing.
  • Machinery loans are available without the need for collateral
  • They are granted for any amount and tenure period as per the requirements.
  • Acquiring or updating new or used equipment.
  • Refinancing of the machinery

Refinancing of Machinery

Refinancing your current machinery can be a powerful tool. With machinery refinancing, you can free up trapped capital currently tied to your existing equipment. This capital infusion can be strategically deployed to fuel business growth initiatives, invest in cutting-edge technologies, or simply improve cash flow. 

Our streamlined machinery refinancing solutions are designed to minimize downtime and ensure a smooth transition. We offer competitive rates and flexible terms to tailor a plan that seamlessly integrates with your financial goals.

Machinery Loan without Security

Machinery loans without security offer MSME businesses a fast and flexible way to finance equipment purchases. This eliminates the risk of compromising your business’s foundation while giving you the power to upgrade and grow. These loans specifically target equipment acquisitions, enhancing productivity and expansion opportunities even for enterprises with limited assets. So, Unleash your potential without putting your assets on the line.

Machinery Loan Documents for MSME Businesses

To secure approval for a Machinery Loan for MSME businesses in India, the following documents are needed:

  • Financial Documents (Last three years complete financials, including Saral Page, COI, Balance sheet, Profit and Loss account, Financial Notes etc) – if the unit is 
  • Owner KYC
  • Firm KYC 
  • Proposed machinery Quotation
  • Proposed machine cash flow.

Please be advised that the lending institution might request additional documents.

How to Apply for a Machinery Loan for MSME Businesses?

Provided you meet the eligibility criteria, financing machinery is a relatively straightforward process that can be completed in a few simple steps:

1. Know Your Requirements

The first step is to understand what type of machinery you require, what amount you may contribute and what is the requirement of the funds.

2. Check the Eligibility

Having a good credit score is one of the major parts of eligibility if the unit is new and in case you have the existing unit, you may need to check the financial ratios.

3. Put Forth the Proposal

Once you’ve understood the eligibility, submit a proposal for debt funding. This must contain information about your company, the machinery you plan to purchase, the total amount of funds you require, etc.

4. Submit Documents

To consider the proposal in detail, you need to submit the proposal. This should include company / firm KYC, owner/shareholder/partner’s KYC, Financial Documents, GST Returns and machine quotation.

Machinery Loan for MSME Businesses at Terkar Capital

MSMEs play a vital role in India’s growth but face funding challenges. That’s where our expertise in Machinery loans for businesses comes in. A loan against machinery is a term loan that allows MSMEs to purchase state-of-the-art equipment to increase productivity. Hence, we at Terkar Capital, specialize in providing effortless heavy machinery financing in India. It provides small or medium-sized businesses the capital they need to grow and compete.

How We Execute Machine Loan?

Machinery Loans can be used for a variety of purposes, depending on the needs of the borrower. Here is the process:

Check your CIBIL score for free.

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FAQs On Machinery Loan

Yes, Machinery loan facilities can be obtained with or without the need for collateral or assets.

The Machinery Loan interest rate is highly flexible and attractive, starting at 10.5% per annum, subject to financial ratios.

We understand that you need a loan for machinery purchase, to either acquire new equipment or enhance your existing machinery. So, we conduct a financial SWOT analysis of your business and utilize the results to secure the necessary funds for your specific requirements.

Terkar Capital is a registered brand of Terkar Global Financial Development Pvt Ltd, an Investment Banking Firm with a national footprint. We work extensively with professionals and businesses of all sizes to arrange debt funding instruments.

Industries We Serve:

IT Company

E Commerce Company

EV Company

Manufacturing Company

Head Office

Castle Eleganza, 103, Bhonde Colony, Dr.Ketkar Road, Erandwane, Pune – 411004, MH-India

Yes@terkarcapital.com

+91 8308629820

Corporate Office

The Capital, Level 7, B-Wing, Plot C – 70, G Block, Bandra Kurla Complex, Bandra (East), Mumbai – 400051.

Mumbai@terkarcapital.com

+91 7414973455

Branch Offices

Nashik | Nagpur | Chhatrapati Sambhaji Nagar | Hyderabad

Operational Presence

Delhi | Bengaluru | Chennai | Kolkata | Ahmedabad | Surat

Growing Nationwide…

Terkar Capital

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© Terkar Capital 2024

CIN – U70200PN2023PTC224016

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