Machinery Loan
Machinery Products
EXPRESS
SPEED
EXPRESS
Key Features
Quick sanction of machinery loan through automated platform using GST returns, ITRs, Bank Statement and CIBIL score.
Loan amount up to Rs. 1 Crore with immediate in-principle offer.
Upto 100% financing with 25% security in the form of fixed deposit.
Processing fees of 0.50% plus applicable GST.
MCLR Linked attractive rate of Interest.
Repayment upto 60 months.
Eligibility
MSME units in operation for at least three years.
Mandatory Udyam & GST registration.
No defaults to Bank/FIs.
SPEED
Key Features
Assistance for purchase of plant & machinery and miscellaneous fixed assets.
100% financing for loans upto Rs. 50 crore with security of 25% in form of fixed deposit.
Financing upto Rs. 50 crore subject to maximum of 75% of the project cost under promoter contribution model.
Financing for second hand/ refurbished machines also allowed subject to compliance of standard guidelines.
MCLR Linked attractive rate of Interest.
Repayment upto 84 months with moratorium upto 12 months.
Eligibility
MSMEs having minimum 3 years of operation.
Cash profit in last 3 financial years.
No defaults to Bank/FIs.
