Whether you're expanding capacity, upgrading old equipment, or setting up a new production line, a machinery loan finances the purchase of plant and machinery — typically secured by the asset itself.
✅ Why Choose This Option
- Financing for both new and used machinery/equipment
- Loan structured around the asset being financed
- Competitive rates for established businesses
- Tenure aligned with the machinery's useful working life
Who Can Apply
- Target Segments: MSMEs, Proprietorships, Partnerships, LLPs, and Pvt/Public Ltd Companies, and businesses looking to scale production
- Eligible Business Profiles: Manufacturing Units, Workshops & Fabricators, Tooling & Component Manufacturers
Documentation Required
- KYC for Individuals: PAN Card, Aadhaar Card, passport-size photographs
- Firm KYC:
- Proprietorship: GST registration, Udyam
- Partnership: GST registration, Udyam, Partnership Deed, Form C (if applicable)
- Company: GST registration, Udyam, COI, MOA, AOA, List of Directors and Shareholders
- Trust: Trust Deed, Trust Registration, List of Trustees
- Income proof (self-employed): last 3 years' ITR with computation, Balance Sheet & P&L, Audit Report
- GST returns for last 12 months, PDF bank statements (12 months)
- Machinery documents: Machinery Quotation in case of New, and Old Invoice in case of Used Machinery
- Loan Sheet and Sanction Letter/Schedule/SOA of all running loans
This list is indicative. Additional documents may be requested based on your profile. Your relationship manager will share the final checklist.
EMI Calculator for Machinery Loan
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⚠️ Important Regulatory Notice
Fynmate acts as a loan facilitator and does not itself sanction, underwrite or disburse loans. We are not a bank or an NBFC. Loan approval, sanctioned amount, interest rate and terms are entirely at the sole discretion of the lending bank/NBFC, based on their independent credit appraisal of your application.
As per RBI's Key Fact Statement (KFS) requirement, lenders are required to provide a standardised summary disclosing the Annual Percentage Rate (APR) and all applicable charges for retail and MSME loans. Please review the KFS carefully before accepting any loan offer.