Machinery Loans

Supporting MSMEs and CGTMSE with tailored financing solutions

Machinery Loans

High-Performance Machinery & Equipment Finance

In the manufacturing sector, your competitive edge is only as sharp as the technology you use. Outdated machinery leads to downtime and inefficiency. Our equipment financing is structured to help you upgrade without depleting your operating reserves.

• Comprehensive Coverage: We provide funding for a wide array of assets, including CNC machines, printing presses, medical equipment, and heavy-duty earthmovers.

• Asset-Based Lending: The machinery itself often acts as the primary security, reducing the need for additional collateral.

• Modernization Focus: We facilitate loans for both expansion and the replacement of obsolete technology to ensure your production remains world-class.

• Tax Efficiency: Structured repayment schedules that allow you to manage depreciation and interest expenses effectively.

A small factory owner reviewing machinery with a loan officer in a bright office.

Loan Features

Flexible terms and competitive interest rates.

Application Process

Key Features

Quick sanction of machinery loan through automated platform using GST returns, ITRs, Bank Statement and CIBIL score.
Applicants Must be an MSME as per the MSMED Act.
Applicant have Mandatory Udyam & GST registration
No default to Bank / NBFC

Simple steps with quick approval timelines.

Coffee beans are being roasted in industrial equipment.

Business Stability

Experience: Most lenders want to see at least 2–3 years in business.
Income: Consistent annual turnover (typically ₹50 lakh+) and healthy cash flow.

Credit Profile

Credit Score: A score of 750+ ensures the best interest rates.
Repayment: A clean history with no missed payments on previous loans.

The Machinery Itself

Self-Collateral: The machine acts as the security (if you don't pay, they take the machine).
Down Payment: You must usually pay 25% upfront; the lender pays the rest.

Loan Terms

Interest: Expect rates between 9% and 11% depending on your risk level.
Duration: You generally have 3 to 7 years to pay it back.

FAQs

Who qualifies?

MSMEs registered with valid documents can apply for machinery loans.

What is CGTMSE?

CGTMSE provides collateral-free credit guarantee to support MSME loans.

How to apply?

Submit your application with business and financial documents to the lender for processing.

Loan repayment terms?

Repayment schedules vary but typically range from 1 to 5 years.

CGTMSE -Unsecured Machinery Loans without Collateral Security????

The primary benefit of the CGTMSE scheme is providing collateral-free machinery loans up to ₹5 Crore, and it is exclusively available to Micro and Small Enterprises (MSEs) that hold a valid Udyam Registration.