Overview
Equipment finance helps businesses and professionals acquire the equipment they need — from medical and diagnostic equipment to construction equipment, IT hardware and commercial kitchen equipment — and repay over time.
Who it is suitable for
- Doctors, clinics, diagnostic centres and hospitals
- Construction and infrastructure contractors
- IT, media and service businesses
- Restaurants, hotels and commercial kitchens
Possible use cases
General eligibility factors
Lenders typically look at the following. There is no single fixed criterion — each lender applies its own policy.
- Professional qualification / business vintage
- Income and banking
- Equipment type and supplier
- Credit score
- Existing obligations
Documents generally required
- PAN
- Aadhaar / permitted identity documents
- Business registration documents
- GST registration
- Udyam registration
- Business address proof
- Bank statements
- Income Tax Returns
- GST returns
- Profit & Loss statement
- Balance Sheet
- Existing loan statements
- Property documents for secured loans
The actual document requirement varies according to the lender, product and applicant profile.
How the process works
- 01
Tell us your requirement
Share basic details about your business and the funding you need.
- 02
We understand your business
A finance advisor reviews your profile and requirement.
- 03
Explore suitable options
We help identify potentially suitable lending partners.
- 04
Application & lender decision
Complete documentation with the selected lender, who takes the final decision.
FAQs
What equipment can be financed?
Eligible business and professional equipment as accepted by the lender. Share your quotation and we’ll help you explore options.
Can new professionals apply?
Some lenders have programs for professionals with shorter practice vintage. Eligibility depends on lender policy.
Is the equipment the security?
Commonly the equipment is hypothecated to the lender. Terms vary by lender.