Machinery Loan

Home / Machinery Loan

Our Machinery Loan solutions are designed to help small and medium enterprises (SMEs), manufacturers, and contractors upgrade or purchase new equipment easily and affordably.

flexible Machinery Loan solutions

Empower your business with the latest machinery

Upgrade and expand your business potential with our hassle-free Machinery Loan solutions. Our comprehensive range of Machinery Purchase Loans ensures that you can finance a diverse selection of machinery while benefiting from high Loan-to-Value (LTV) ratios. With minimal documentation requirements and straightforward eligibility criteria, accessing the funds you need is quick and convenient. Our simplified loan assessment methods are made for everyone, making it easier for you to secure the financing you require for your machinery.

Features & Benefits of Machinery Loan

Upgrade or Expand Easily

Finance new or used equipment to scale your operations and boost productivity without upfront capital.

Competitive Interest Rates

Get competitive interest rates with flexible repayment terms — saving you money in the long run.

Minimal Documentation

Minimal paperwork tailored for manufacturers, traders, and industrial units.

Quick Disbursal

Get funds in as little as 3–5 working days, so you never miss an opportunity or stall your operations.

Flexible Loan Tenure

Choose a loan term that aligns with your cash flow — from short-term to long-term options.

Collateral-Free Options

Unsecured machinery loans available for eligible businesses.

Eligibility Criteria for Machinery Loan

Age

Applicant must be between 21 to 60 years at the time of application.

Business Experience

Must have a minimum of 1 year in business operations.

Business should be actively functioning and capable of generating regular income.

Income Criteria

Proof of stable business income through bank statements, sales records, or financial reports is required.

Credit Score

A CIBIL score of 650 or above is preferred for quick and hassle-free approval.

Loan Amount

Loan amounts range from ₹1 Lakh to ₹1 Crore, depending on business profile and eligibility.

Rate of Interest

Interest rates range between 11.00% to 20.00% per annum, based on financial health and loan tenure.

Loan Tenure

Flexible repayment options from 12 to 84 months (1 to 7 years) available.

Disbursement Time

Quick disbursal within 3 to 5 working days after approval and documentation.

Documents Requirement for Business Loan

1. KYC Documents

PAN Card of the applicant/business

Aadhaar Card or Passport or Voter ID

Passport-sized photographs

2. Business Proof

GST Registration Certificate

Udyam Registration (if applicable)

Shop & Establishment Certificate / Trade License

Partnership Deed or MOA & AOA (for firms/companies)

3. Financial Documents

Last 6 months’ bank statements (business account)

ITR for the last 1 or 2 years (with computation, balance sheet & P&L)

Latest sales invoices (optional)

4. Machinery Quotation / Proforma Invoice

A quotation or invoice of the machinery/equipment to be purchased is mandatory.

5. Additional Documents (if applicable)

Existing loan statements (if any)

Rent agreement or utility bill for business premises proof

FAQ'S

What is a machinery loan?

A machinery loan is a type of business loan that helps enterprises finance the purchase, upgrade, or repair of machinery and equipment without straining working capital.

Who can apply for a machinery loan?

Any individual, proprietor, partnership firm, LLP, or private limited company engaged in a registered business for at least 1 year can apply.

Is collateral required to get a machinery loan?

In most cases, Vantage Capital offers unsecured machinery loans. However, depending on the loan amount and business profile, collateral may be requested.