Machinery Loan

A Machinery Loan helps businesses purchase new machinery, equipment and production assets without affecting working capital. It is suitable for manufacturing units, service businesses and trading establishments looking to expand operations or modernize production facilities.

PraFintech assists with machinery financing, business verification, collateral assessment (where applicable), documentation and loan processing for MSMEs and industrial businesses.

Loan Features

Business Finance: Purchase machinery and industrial equipment.
Multiple Machinery: Finance one or multiple machines under a single application.
MSME Support: Suitable for registered MSMEs, manufacturing and industrial units.
Flexible Tenure: Loan amount and repayment tenure based on eligibility.
Security Options: Property, Fixed Deposit or Insurance may be accepted for higher loan amounts.
Digital Processing: Business verification and document submission through PraFintech.

Eligibility Criteria

Criteria	Requirement
Applicant	Individual Proprietor, Partnership, LLP, Company or MSME.
Business Type	Manufacturing, Service or Trading.
Business Details	Business Name, MSME/Udyam Registration (if available), Operating Experience.
Machinery Details	Machine Name, Brand/Model, Quantity, Cost and Total Value.
Collateral	May be required for higher loan amounts, subject to lender policy.

Required Documents

Aadhaar Card
PAN Card
Bank Statement (Last 6 Months)
GST Returns (Up to 1 Year)
ITR (Last 3 Years)
MSME / Udyam Registration (If Available)
Machinery Quotation / Invoice / Cost Details
Factory / Unit Address Proof
Land Papers / Property Documents (If Applicable)
Passport Size Photograph

Note: Loans above the applicable limit may require additional collateral such as property, Fixed Deposit (FD) or insurance, along with further verification documents.

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Loan Features

Eligibility Criteria

Required Documents

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