Machinery Term Loans
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|Minimum Loan Amount||500000|
|Maximum Loan Amount||5000000|
|Loan Approval Time (in Hours)||15 Days|
|Documents Required||Address Proof|
Any manufacturing or service industry which requires machineries, can take term loans to purchase the machinery. By doing this, the capital expenditure cashflows can be distributed in multiple years, while the benefit of production can be achieved immediately.
Other than nationalized and co-operative banks, there are certain NBFCs which has a complete focus on machinery term loans. We have 6 NBFCs which focuses on machinery funding.
Important USPs of Machinery Loans are:
- No Collateral or Low Collateral required
- Term Loans available for 5 years
- Interest Rates are competitive
- Sanction of Loan in 7 to 21 days.
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