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Machine Loan

Take your business to the next level.

Funding: Up to 100%*
Loan amount: Up to ₹10 Cr
Tenure: Up to 84 months
Also available: Medical equipment, genset and leasing

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At A Glance

Purpose: New machinery, medical equipment, gensets, leasing, or money against machinery you own
Who can apply: An established business, usually 2 years or more, with profitable accounts for the last 2 years

See all 7 requirements

The Short Version

What Machine Loan actually does for you.

A machine loan helps you buy new machinery or equipment, or raise money against machinery you already own. Medical equipment, gensets and equipment leasing are covered too. It can help a business set up, expand or upgrade its production. We compare options from Banks and NBFCs that may suit your business and guide you through the paperwork.

What's included

Machinery loan of up to ₹10 Crore, with up to 100% funding on loans below ₹25 Lakh (including GST) and up to 85% above that, repayable over up to 72 months
Medical equipment loan of up to ₹10 Crore, with up to 100% funding on loans below ₹50 Lakh (including GST) and up to 90% above that, repayable over up to 84 months
Genset loan of up to ₹5 Crore, with funding of up to 85% (including GST), repayable over up to 48 months
Equipment leasing from ₹20 Lakh to ₹7.5 Crore for 1 to 3 years, for businesses with a turnover of ₹1 Crore or more
Leasing can improve cash flow, lower the capital you put in and help with tax planning, as per your accountant's advice
Simplified documentation and a quick online process, with fewer documents for smaller loans, as per lender policy
Funding percentage, tenure and charges depend on the lender, the equipment and your profile

Do you qualify?

An established business, usually 2 years or more
Profitable accounts for the last 2 years
A healthy average balance in the business bank account
Machinery that is useful for the business and keeps its value
Ownership of property or a factory may be considered
A consumer CIBIL score of 700 or more
Proprietorship, partnership, LLP or company

Which One Are You

Proprietor / ProfessionalYou run a business in your own name, or practise a profession such as medicine, law, accountancy or architecture. There is no separate company, so the lender looks at you and the business together: your ITRs, your financial statements and your business bank account. Clear books and returns filed on time help a lot.

Partnership / LLPThe business is a partnership firm or an LLP. The lender checks the firm's registration, its financials and its bank statements, and also the standing of each partner, so every partner's KYC and tax returns are usually needed. A signed partnership deed that allows borrowing keeps things smooth.

CompanyThe business is a private or public limited company. The lender checks the incorporation papers, the directors and the shareholding, the company's audited financials and its bank statements. A board resolution authorising the loan is usually needed, and directors may be asked to stand as guarantors.

Documents Required (Checklist)

For Self-Employed

Proprietor's KYC: PAN, Aadhaar and address proof
Business proof: GST registration, Udyam, shop licence or equivalent
Last 3 years' ITR with computation of income
Last 3 years' financial statements (P&L and balance sheet), audited where applicable
Last 12 months' current and savings account statements
GST returns for the last 12 months, where registered
Details of existing loans, with EMIs and statements

For Every Applicant

KYC (PAN, Aadhaar, address proof)
Machinery quotation or invoice from the supplier

This is the usual list for each type of applicant. Get the exact checklist for machine loan, sent as a PDF you can save or print.

Fees and other charges

Besides interest, a lender may charge a few fees. It helps to know them before you apply, so there are no surprises.

Processing fee

A percentage of the loan amount plus GST, often somewhere between about 0.5% and 2%. For large or project-based loans it is usually agreed with the lender.

Legal, valuation and technical charges

Fees for the lender's legal check, the property or project valuation, and any technical inspection. They depend on the lender and the size of the deal.

Stamp duty and registration

These follow your state's rules and apply when the loan documents and mortgage are registered.

Foreclosure and part-prepayment

Loans taken for business purposes may carry a charge for early closure, often a small percentage of the amount prepaid. Check the terms before you prepay.

Our service fee

For this facility we charge a service fee for taking your file from lender shortlist to disbursal. It covers comparing lenders for you, preparing and checking your documents, answering the lender's queries and following up until the money reaches you. We tell you the amount in writing before you go ahead, so you know exactly what you are paying and nothing comes as a surprise.

These are general guides and every lender sets its own fees. Your expert will share the exact charges in writing before you sign.

Why Growth Capital Services

One conversation, many lenders to compare.

We are a loan consultant, not the lender. We help you compare options from 75+ Banks and NBFCs, prepare your documents, and follow your application through each step.

Check Your Eligibility Talk to Our Loan Expert

Important note: Interest rate, loan amount, tenure, charges, eligibility, approval and disbursement depend on the policy of the respective Bank or NBFC, your profile, credit assessment and the applicable terms. Growth Capital Services is a loan consultant and does not lend money itself. The details on this page are for general information.

Run the numbers

Calculators for your Machine Loan

Try your own figures before you apply — nothing is saved or sent.

EMI Calculator

Plan your loan payments

Adjust the sliders to estimate your monthly EMI, total interest and total repayment.

Loan Amount

₹50.00 L

₹1 L₹10 Cr

Interest Rate (p.a.)

5%24%

Loan Tenure

Years

1 Yr30 Yrs

Monthly EMI: ₹46,607
Total interest: ₹61,85,574
Total payable amount: ₹1,11,85,574

EMI₹46,607per month

Principal (45%)

Interest (55%)

Talk to an Expert

Step-by-step guide

Machine Loan process, step by step.

A machine loan funds equipment for your business. Here is the path from quote to delivery.

Share the equipment plan

Tell us what machine you need, its price and the supplier.

Get the supplier's quotation

You obtain a quotation or proforma invoice from the supplier.

Match a lender

We shortlist lenders who finance machinery for your kind of business.

Documents and approval

You submit KYC and business papers, and the lender reviews the file.

Sanction and payment

After the sanction, the lender pays the supplier and the machine is delivered.

With GCS, your expert looks at your profile, matches it with suitable lenders, and coordinates with the banks for you. That means less confusion and more confidence when you apply.

Worth Comparing