Machinery Loan
Bisht Debt Solutions Private Limited offers tailored financial solutions for MSMEs, including specialized Machinery Loans categorized into two distinct products: EXPRESS and SPEED. These loan options are designed to cater to the diverse needs of businesses, ensuring quick access to funds for machinery acquisition and growth.
EXPRESS:
Description:
A fast-track machinery loan solution that leverages digital platforms for quick approval and funding. Ideal for MSMEs seeking immediate financial support for purchasing machinery.
Key Features:
- Swift sanction process utilizing GST returns, ITRs, bank statements, and CIBIL score.
- Loan amount up to ₹1 Crore with immediate in-principle approval.
- Up to 100% financing with 25% security in the form of a fixed deposit.
- Low processing fee of 0.50% + applicable GST.
- Attractive interest rates linked to MCLR.
- Flexible repayment period of up to 60 months.
Eligibility:
- MSMEs with a minimum of 3 years in operation.
- Mandatory Udyam and GST registration.
- No history of defaults with banks or financial institutions.
SPEED:
Description:
A comprehensive loan product to finance the purchase of plant and machinery, including new or refurbished equipment, with higher loan limits and extended repayment flexibility.
Key Features:
- Financial assistance for purchasing machinery and fixed assets.
- 100% financing for loans up to ₹50 Crore with 25% security in the form of a fixed deposit.
- Loans up to ₹50 Crore, covering up to 75% of the project cost under a promoter contribution model.
- Financing available for second-hand or refurbished machines, adhering to standard guidelines.
- Competitive interest rates linked to MCLR.
- Repayment tenure of up to 84 months, including a moratorium period of up to 12 months.
Eligibility:
- MSMEs with at least 3 years of operational history.
- Consistent cash profits in the last 3 financial years.
- No history of defaults with banks or financial institutions.
