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Machinery Loan for Industries

Machinery loans are the secret weapon for propelling the growth of India’s MSME sector. These enterprises, vital to India’s economic development, often face obstacles due to limited capital. Machinery loans provide easy access to financing for purchasing industrial machines and medical equipment, bridging the gap and empowering businesses to overcome these challenges.

Machinery loans are a strategic investment that offers numerous benefits, including increased productivity, efficiency, product quality, and competitiveness, which can lead to substantial business growth. Don’t let limited capital hinder your progress; machinery loans can fuel your business’s success.

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Machine Funding Instruments

Key Features of Machinery Loan

(*T&C Applied)

Machinery Loans Advantages

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.

Machine Refinancing

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.

Eligibility Criteria for Machinery Loan

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.

Let’s schedule a brief call to discuss the Machinery Loan for your industry!!

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Documents Required?

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.

Machinery Loan Application Process

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.

MSME Machinery Loans 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.

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How Do We Execute?

1. Understanding Client's Requirement

A tailored funding solution based on a thorough evaluation of the client’s business goals and financial requirements.

2. Analysing the Strengths and Opportunities

Leverage the client's financial and operational strengths to optimize their funding prospects.

3. Documentation

Ensuring meticulous preparation of all necessary documents to facilitate a seamless funding process.

4. Identifying the Right Financial Product

Recommending the most suitable financial product to align with the client’s specific goals and requirements.

5. Soft Approval From Financial Institutions

Securing preliminary approval from financial institutions based on the client's profile and funding needs.

6. Actual Submission of the Documents

Submitting all finalised and verified documents to the financial institution for formal processing.

7. Disbursement

Coordinating with financial institutions to ensure timely release of funds.

8. Funding As Required

Providing funds customised to the client’s operational or expansion needs, ensuring business growth.

Check your CIBIL score for free.

Client Feedback

What our clients think about us?

B Inamdar

I am extremely pleased with the service I received. The team demonstrated a deep understanding of our business needs and provided practical, actionable insights that made a significant impact. Their professionalism and attention to detail were evident in every aspect of the process. They took the time to listen to our challenges and crafted solutions that were both innovative and effective.

24th Mile

We are very thankful to Terkar Capital for your efforts in arranging facility. Their approach is very simple, professional, and fast! The team is highly responsive that executed the process in short span of time without any hassles. Great work... Thank you!

C Sonawane

Thank you Terkar Capital for processing my business loan in just a few working days. Very professional & skilled team. They understood my requirements to a level that were beyond my expectations from any lending company. I strongly recommend Terkar Capital.

M Dwivedi

I got an unsecured business loan within 7 working days .their specialized experts verfied all the documents and granted me the loan .getting a business loan from terkar capital is the easiest way to get a loan.

FAQs On Machine Loan for Industries

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.

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

Growing Nationwide…

Terkar Capital

In Association with:

MSME Global Mart | MCCIA

CIN – U70200PN2023PTC224016