Machinery Loan
Machinery Loan Details:
Finalix India provides comprehensive machinery financing solutions for businesses looking to acquire new or used industrial equipment, manufacturing machinery, and production tools. Our machinery loans are designed to help manufacturing units, factories, and industrial businesses upgrade their production capabilities, enhance efficiency, and stay competitive in today's market. With flexible financing options and competitive interest rates, we make industrial equipment acquisition affordable and accessible.
Why Choose Our Machinery Loan?
Our machinery financing solutions are tailored to support industrial growth and technological advancement. We understand the capital-intensive nature of machinery investments and offer financing that aligns with your production cycles and cash flow requirements.
- Financing up to 85% of machinery cost
- Flexible tenure: 1 to 7 years
- Competitive interest rates starting from 11.5% p.a.
- Both new and used machinery financing
- Quick sanction within 5-7 working days
- Minimal margin money requirement
Types of Machinery Financed
We finance a wide range of industrial and manufacturing equipment across various sectors:
- Manufacturing Machinery: CNC machines, Lathes, Milling machines
- Printing Equipment: Offset printers, Digital printers
- Packaging Machinery: Filling machines, Sealing machines
- Textile Machinery: Weaving looms, Spinning machines
- Construction Equipment: Excavators, Cranes, Concrete mixers
- Food Processing Machinery: Processing lines, Packaging equipment
- Plastic Machinery: Injection molding, Blow molding machines
- Agricultural Equipment: Tractors, Harvesters, Processing units
Eligibility Criteria
To qualify for our Machinery Loan, applicants must meet the following criteria:
For Manufacturing Businesses:
- Minimum 3 years of business operations
- Minimum annual turnover of ₹50 lakhs
- Positive net worth for the last 2 years
- Existing business premises or factory
- Valid GST registration and MSME certificate
For New Startups:
- Detailed project report with viability study
- Minimum promoter contribution of 25%
- Technical experience in the relevant field
- Proper business plan and market analysis
Required Documents
Simplified documentation for quick processing:
Business Documents:
- Company PAN Card & GST Certificate
- Certificate of Incorporation/Partnership Deed
- MOA & AOA (for companies)
- MSME Registration Certificate
- Factory License & Pollution Control Certificate
Financial Documents:
- Audited financial statements (last 3 years)
- ITR of business & promoters (last 3 years)
- Bank statements (last 12 months)
- Projected financial statements
- Machinery quotation from supplier
Loan Features
| Particulars | New Machinery | Used Machinery |
|---|---|---|
| Loan Amount | Up to 85% of invoice value | Up to 75% of valuation report |
| Margin Money | 15% minimum | 25% minimum |
| Maximum Tenure | Up to 7 years | Up to 5 years |
| Processing Time | 5-7 working days | 7-10 working days |
| Insurance | Comprehensive insurance mandatory | |
Ready to Upgrade Your Machinery? 🏭
Get financing for your industrial equipment with competitive rates and flexible repayment. Our experts will help you select the best financing option for your machinery needs.
