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Business & MSME

Machinery / Equipment Loan

Secured loan against the asset being purchased — CNC, packaging, medical, etc.

Interest rate
9.5% – 15% p.a.
Loan amount
Up to ₹10 crore (70%–90% of invoice)
Tenure
Up to 7 years
Processing fee
0.75% – 2%

Eligibility

  • 3+ years business vintage
  • Profitable last 2 years

Documents required

  • KYC
  • GST + ITR 3 yr
  • Audited financials
  • Vendor quotation/proforma invoice

Best for: Long-life productive assets, asset itself serves as primary security.

Insider tip: Negotiate vendor subvention — many OEMs absorb 1–2% of interest.

Why apply through Moneymax Fingrow

  • 19 years of lending expertise and ₹1,048 Cr+ disbursed.
  • 48+ banks & NBFCs compared in a single application.
  • Doorstep document pick-up across Chennai, Bengaluru, Hyderabad and Mumbai.
  • Transparent fees, lowest negotiated rates, end-to-end handholding till disbursal.
Moneymax

Ramesh K. from Chennai got Business Loan of ₹38,00,000

Sanctioned via Moneymax • 2 minutes ago