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 MSMEs in Mumbai

In the bustling business world of Mumbai, where MSMEs are the backbone of industrial development, machinery loans play a crucial role. These loans are designed specifically for small and medium-scale businesses. They address the common hurdle of limited funds that often hinder growth. Thus, Machinery loans for MSMEs in Mumbai enable them to overcome financial barriers, secure funds for machinery purchases, and or upgrade machinery.

Our loan solutions are flexible, allowing businesses to use machinery financing as a tool for success. From financing heavy machinery to loans secured by equipment, Mumbai’s MSMEs can leverage these options to strengthen their operations. Terkar Capital’s machinery loans offer competitive interest rates and the benefit of getting funded without needing collateral.

Key Features of Machinery Loan

(*T&C Applied)

Machinery Loan Eligibility

Even if your business is new in Mumbai, you can still apply for a machinery loan.
A Good credit score is important to get a machinery loan without needing collateral.
Company profile – Show your company’s profile, Work, Vision, Product line, Clients etc. Product, Machinery capacity, Cash flow from the machinery.
Co-borrower Age should be between 21-65 years
A Proven steady Cash Flow

Need for Machinery Loans

Businesses can purchase machinery to boost productivity using these loans.
Manufacturing, Pharmaceuticals, and other industries are among the sectors that can benefit from these loans.
To obtain these loans, collateral is not necessary.
The loans are flexible to meet specific needs, with adjustable amounts and tenure periods.
These loans can finance the acquisition or improvement of both new and used equipment.

Machinery Refinancing

Optimizing your machinery’s financial structure can significantly benefit your Mumbai-based business. Through machinery refinancing, you unlock capital currently bound to your equipment. This injection of funds can be strategically utilized to propel business expansion, embrace advanced technologies, or enhance cash flow.

Our machinery refinancing services have been meticulously crafted to minimize downtime and ensure a seamless transition for your Mumbai business. Our competitive rates and flexible terms allow us to create a plan that perfectly aligns with your financial objectives. Reach out to us to learn more about how machinery refinancing can help your business maximize its potential.

Documents Required for Machinery Loan

The documents required for a machinery loan for MSMEs in Mumbai are similar to those required in other cities. However, it’s important to remember that the specific requirements may vary depending on the lender.

Financial Documents (Last 3 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

How to Apply for a Loan Against Machinery in Mumbai?

Financing machinery can be a straightforward process that can be completed in a few simple steps, provided you meet the eligibility criteria.

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 at Terkar Capital, Mumbai

MSMEs are crucial for India’s economic growth, but getting loans can be tough. That’s where Terkar Capital comes in to assist. We specialize in providing machinery loans to businesses in Mumbai. By offering these loans, we aim to help MSMEs in Mumbai grow and develop, allowing them to succeed and compete effectively in the city’s fast-paced and competitive business environment. Our machinery loans show our commitment to supporting MSMEs in Mumbai and helping them reach their full potential.

How We Execute Machine Loan?

A Loan against machinery can be used for a variety of purposes, depending on the needs of the borrower. Here is the process:

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Client's Testimonial

What our clients think about us?

H Tamhankar

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!

J Agwan

Terkar Capital is upright at delivering specialized funding needs. They implement what they state. Because of you, we're able to make our business reach an exponential level.

A Waghmare

Obliged for the services by Terkar Capital in helping secure funds for the business. They offer a broad range of advanced funding solutions and deliver financial solutions that are right for customers. Grateful for the services rendered by your firm.

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.