A Machinery Loan (also known as a Machinery Term Loan) is a specialized credit facility provided to businesses and manufacturers to fund the purchase, lease, or upgrade of industrial equipment. This loan allows an enterprise to acquire high-value technology without depleting its working capital. The machinery itself typically acts as the primary collateral, and the loan is repaid over a fixed period from the increased profits generated by the new equipment.
Key Features:
- Available for greenfield project also.
- 60% security is required.
- Our Bank is authorised for all type of subsidy scheme under CLCSS, TUFS, PMEGPY etc.
- Rate of Interest .
