What Is a Machinery Loan?
Machinery Loan Features and Benefits
Eligibility Criteria for Equipment Loans
Documents Required for Machinery Loans
Machinery Loan Interest Rates in India
Explore indicative machinery and equipment finance options for MSMEs, manufacturers, industrial units and growing businesses. Compare loan amounts, interest rates, repayment tenures and processing fees, and enquire through LoansBazaar India.
Apply for Machinery Loan Calculate EMIMachinery Loan Options at a Glance
A machinery loan may help eligible businesses purchase new equipment, upgrade production facilities or expand operations. Review the indicative figures below before submitting an enquiry. Actual product availability, eligibility and loan terms vary by lender.
NBFC Financing
Enquire about potential finance options for business equipment and machinery requirements.
Apply NowEMI Planning
Estimate monthly instalments and plan repayment before reviewing a formal lender offer.
Open EMI CalculatorMachinery Loan Interest Rates — Banks
The following are indicative reference figures. Verify current product terms with the relevant lender.
| Bank Name | Loan Amount | Interest Rate (p.a.) | Tenure | Processing Fee | Enquiry |
|---|---|---|---|---|---|
| State Bank of India (SBI) | ₹10 Lakh – ₹20 Cr+ | 8.50% – 12.50% | Up to 84 months | 0.50% – 1.00% + GST | Apply Now |
| HDFC Bank | Up to ₹10 Cr+ | 8.90% – 14.50% | 12 – 84 months | Up to 1.50% – 2.00% | Apply Now |
| Axis Bank | ₹5 Lakh – ₹75 Lakh+ | 9.00% – 14.50% | 12 – 60 months | 0.30% – 2.00% (Min ₹10k) | Apply Now |
| Kotak Mahindra Bank | As per eligibility | Up to 16.00% – 24.00% | 12 – 60 months | Up to 2.00% – 3.00% | Apply Now |
| SIDBI (MSME Direct) | Up to ₹3 Cr – ₹5 Cr | MCLR Linked (~8.25%+) | Up to 60 months | ~0.50% + GST | Apply Now |
Machinery Loan Interest Rates — NBFCs
| NBFC Name | Loan Amount | Interest Rate | Tenure | Processing Fee | Enquiry |
|---|---|---|---|---|---|
| Bajaj Finserv | Up to ₹80 Lakh (Unsecured) | 14.00% – 23.50% | Up to 96 months | Up to 3.54% – 4.72% | Apply Now |
| Tata Capital | ₹5 Lakh – ₹75 Lakh | 14.50% – 20.00% | 12 – 60 months | Up to 2.50% + GST | Apply Now |
| Poonawalla Fincorp | ₹5 Lakh – ₹10 Cr | Starting @ 9.10% | 12 – 72 months | Up to 2.00% + GST | Apply Now |
| SMFG India Credit | Up to ₹1 Cr | 14.50% onwards | 12 – 60 months | Up to 2.00% – 3.00% | Apply Now |
| Lendingkart | ₹50,000 – ₹2 Cr | 1.00% – 2.00% per month | 12 – 36 months | Up to 2.00% – 3.00% | Apply Now |
Machinery & Equipment Finance — Small Finance Banks
| SFB Name | Loan Amount | Interest Rate (p.a.) | Tenure | Processing Fee | Enquiry |
|---|---|---|---|---|---|
| Utkarsh Small Finance Bank | ₹2 Lakh – ₹1 Cr+ | 11.50% – 18.00% | 12 – 60 months | 0.30% – 1.00% + GST | Apply Now |
| AU Small Finance Bank | Up to ₹2 Cr | 11.00% – 16.50% | 12 – 72 months | 1.00% – 2.00% | Apply Now |
| Slice Small Finance Bank | Up to ₹3 Cr | 11.10% onwards | Up to 60 months | Up to 2.00% | Apply Now |
| Equitas Small Finance Bank | ₹3 Lakh – ₹1 Cr | 12.00% – 18.00% | 12 – 60 months | 1.50% – 2.50% | Apply Now |
Calculate Your Machinery Loan EMI
Estimate your monthly instalment based on the loan amount, interest rate and repayment tenure. Calculator results are estimates and may differ from the lender's final repayment schedule.
Calculate EMI Online Apply for Machinery LoanWho May Enquire for a Machinery Loan?
Eligible Business Profiles
- Manufacturers and industrial units
- Micro, Small and Medium Enterprises (MSMEs)
- Eligible proprietorships, partnerships and companies
- Businesses planning machinery upgrades or expansion
Common Eligibility Factors
- Business vintage and operating history
- Turnover, income and repayment capacity
- Banking history and credit profile
- Machinery quotation and intended business use
- Security or margin contribution, where required
Common Documents
- PAN and identity/address documents, as required
- Business registration and address proof, where applicable
- Bank statements and financial records
- ITRs, GST and financial statements, where applicable
- Machinery quotation or supplier invoice
Eligibility and documentation requirements vary by lender, applicant profile and product. Submit sensitive documents only through verified and appropriate channels.
Apply for Machinery Loan Assistance
Share your business finance requirement with LoansBazaar India to enquire about potentially suitable options. Lender approval and final terms remain subject to the lender's assessment.
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