Get flexible loan options designed to help you acquire the right machinery and equipment for seamless business expansion and increased productivity.
A Machinery Loan is a tailored financial solution that helps businesses acquire or upgrade critical equipment without impacting their working capital. Whether you’re an MSME, startup, SME, or a large enterprise, Prime Loan Company offers machinery financing to boost your productivity, integrate advanced technology, and keep your operations competitive.
What Are Machinery Loans?
Machinery Loans are a specialized form of business loan designed to help you purchase new machines or upgrade existing ones. These loans eliminate financial barriers, allowing your business to scale smoothly and efficiently.
With Prime Loan Company, you gain access to machinery loan offers from India’s leading banks, NBFCs, and financial institutions. We help you secure the best possible deal—offering high loan amounts, attractive interest rates, and flexible repayment tenures. Whether it’s for new machinery or upgrades, Prime Loan ensures your business has the financial backing it needs to grow without delays.
Features and Benefits of Machinery Loan
Upgrade your business operations effortlessly with our hassle-free machinery & equipment financing options.
Eligibility Criteria for Machinery Loan
Applicant must be between 21 and 65 years of age
A credit score of 650 or higher
Applicant must be between 21 and 65 years of age
Documentation Required for Machinery Loan
Flexible Loan Eligibility
Income tax returns (ITR) for the last 3 years.
Business ownership proof.
Proforma invoice of the machinery purchase.
Bank statements for the last 6 months.
Machinery Loan EMI Calculator
A Machinery Loan EMI Calculator is an online tool that helps borrowers calculate the Equated Monthly Installment (EMI) for a machinery loan. By inputting details such as the loan amount, interest rate, and loan tenure, the calculator provides an accurate estimate of the monthly payments, enabling businesses to plan their finances and manage cash flow effectively when investing in machinery.
Wide Range of Machinery & Equipment Financing Options that suit your Business Requirements
Medical Equipment Loans
Machinery Equipment Loan
Construction machinery finance
Manufacturing equipment loans
Farm machinery loans/finance
Aviation industry equipment loans
Used machinery loan
Loan Against Machinery
How to Apply Online for a Machinery Loan
Follow these simple steps to apply for a machinery and equipment loan online through Ruloans.
Visit the website and navigate to the Machinery Loan section
- Go to primeloan.com.
- Click on Loans and select Machinery Loan.
Apply & Verify with OTP
- Click Apply Now.
- Sign in with your mobile number, and login via OTP verification.
Fill out the Consent Form & Submit
- Complete the Consent Form, agree to the Terms & Conditions, verify with OTP
- Enter address & income details along with provide loan details.
- Select the provider Ruloans Experts, then click on continue with applied amount, and submit your application.
With Prime Loan Company, you can also explore Loan Against Machinery options to unlock the value of your existing equipment and maintain a smooth cash flow for your business.
As one of India’s trusted loan service platforms, we offer a wide range of MSME loans for machinery, ensuring a quick, transparent, and hassle-free process to help you secure the right financing for your equipment requirements. Let Prime Loan power your business growth with smart funding solutions tailored to your needs.
Machinery Loan FAQs
What is the interest rate for machinery finance?
The interest rate for machinery finance varies depending on the lender, loan amount, and tenure. With Ruloans, you can access heavy machinery financing and other equipment loans at attractive interest rates, ensuring affordability and suitability for your business needs.
Can machinery be used as collateral?
Yes, machinery can often be used as collateral for a loan against machinery, depending on the lender’s policies. However, some lenders also provide machinery loan without security, which does not require additional collateral.
Can What is the interest rate for a MSME machinery loan?machinery be used as collateral?
The interest rate for an MSME machinery loan varies by lender and depends on factors like loan amount, tenure, and the borrower’s credit profile. Comparing offers from multiple lenders can help you secure a favorable rate.
Who are the lenders offering machinery refinancing?
Several Banks and NBFCs in India provide machinery loans to assist businesses in acquiring or upgrading equipment. Prominent lenders include Kotak Mahindra Bank Limited, Poonawalla Fincorp Limited, Cholamandalam, U Gro Capital Ltd, Yes Bank Limited, Profectus Capital, MAS Financial Services Limited, Protium Finance Limited, and Clix Capital Services Pvt Ltd. These lenders offer tailored machinery loan products with attractive interest rates and flexible repayment options to meet various business requirements.
Who are the lenders offering machinery loans?
Several Banks and NBFCs in India provide machinery loans to assist businesses in acquiring or upgrading equipment. Prominent lenders include Kotak Mahindra Bank Limited, Poonawalla Fincorp Limited, Cholamandalam, U Gro Capital Ltd, Yes Bank Limited, Profectus Capital, MAS Financial Services Limited, Protium Finance Limited, and Clix Capital Services Pvt Ltd. These lenders offer tailored machinery loan products with attractive interest rates and flexible repayment options to meet various business requirements.