Upgrade your technology. Get up to **85% Funding** to purchase new Plant & Machinery for your factory.
A Machinery Loan is a type of secured term loan specifically used to purchase equipment and machinery for manufacturing units. Instead of blocking your working capital in buying assets, you can take a loan where the machine itself acts as the primary security (hypothecation).
Whether you need a CNC machine, printing press, food processing unit, or heavy earth movers, PraFintech helps you structure the deal with maximum LTV (Loan to Value).
| Criteria | Requirement |
|---|---|
| Business Vintage | Minimum 2 Years in manufacturing/production. |
| Turnover | Minimum ₹40 Lakhs (Registered GST). |
| CIBIL Score | 700+ (Promoters). |
| Machinery Type | New Standard Machinery (Imported or Indigenous). |