Overview
Machinery finance helps manufacturers buy new or eligible used machinery to increase capacity, improve quality or reduce costs. In many cases the machine itself is hypothecated to the lender. We help you explore options suited to your purchase.
Who it is suitable for
- Manufacturing units and job-workers
- MSMEs upgrading or automating production
- Businesses adding a new production line
- Units replacing old or inefficient machines
Possible use cases
General eligibility factors
Lenders typically look at the following. There is no single fixed criterion — each lender applies its own policy.
- Business vintage and financials
- Machine quotation, supplier and type
- Banking and credit history
- Margin money / down payment capacity
- 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
Do I need a quotation?
Yes, lenders typically require a proforma invoice or quotation from the machinery supplier.
Is used machinery financed?
Some lenders finance eligible used machinery after valuation. It depends on the lender policy.
Is extra collateral required?
Often the machine is the primary security. Some lenders may ask for additional security based on your profile.