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Machinery Loan

Looking for an equipment machinery loan to boost your production and sales? We at Ziploan offers quick business loan for machinery up to Rs. 7.5 lakh. You can get a fast MSME loan online in just 3 days* after submitting a few documents.

Your loan amount requirement?^*

upto 3 lacs

3 - 5 lacs

Above 5 lacs

First Name^*

Last Name^*

Mobile no.^*

E-mail Id

ZipLoan is the Lender of Choice for Small Businesses.

Minimal Documentation

No balance sheet needed

No Prepayment Charges

After first 6 EMIs

Receive Funds Within 3 Days^*

Straight into your account

What is Machinery Loan?

Machinery finance is a sort of business loan that helps entrepreneurs, business owners, and other business entities to upgrade or buy new equipment for several business purposes.

A loan for machinery purchase helps businesses get the latest technology-equipped machines that increase productivity, boost sales, and result in higher profits.

Features and Benefits of Ziploan Machinery Finance

Machinery loans without security help you fix the broken machine, buy new equipment, or upgrade the existing machine to a better one.

Here are some of the benefits of taking unsecured machinery/equipment loans for MSME from Ziploan.

Equipment Finance up to Rs 7.5 lakh – We offer machinery loans for MSME ranging from Rs. 1 to 7.5 lakhs.
Loan in 3 Days* - Online submission of the documents helps us process your loan application faster. We disburse the loan amount within three days* after getting your machinery loan documents.
Apply Online - To apply for machinery loan finance fast and comfortably, we have made the entire application process online.
Best Interest Rates - Our machinery loan interest rates are the best in the industry. The interest rates are offered based on your business's repayment ability.
Flexible Repayment Tenure - Our repayment tenure starts from 12 months to 36 months. Therefore, you get enough time to repay the loan amount.
No Prepayment Charges - No prepayment charges after you have paid the first 6 EMIs (excluding pre-EMI).
Line of Credit - You can also get an instant line of credit up to Rs 3 Lakhs with a 2%* interest rate (per month) for your immediate business requirements

Quick Links

CGTMSE MSME Registration Udyog Aadhar MSME Full Form Business Loan in Delhi Business Loan in Mumbai Business Loan in Lucknow Business Loan in Jaipur

Machinery Loan Benefits

It helps to buy new equipment/machinery and is also term as equipment financing
Used to refurbish, modify or change existing machinery/equipment
To fix broken machines or equipment or to upgrade
To buy machinery loan for new business
Flexible loan repayment options with easy EMIs
Used as a working capital loan or equipment finance
Machinery loan for startup is an additional benefit for new businesses

Eligibility Criteria of Machinery Loan

Our machinery loan eligibility criteria are simple to let more and more business individuals avail of the loan amount.

An established MSME with a proven business vintage of more than two years.
Minimum annual turnover of Rs. 10 lakhs in the previous year.
The business must not have any default history.
The income tax filed during the last year should be more than Rs. 1.5 lakhs.
The borrower should own either house or a business place.

How to Apply for Machinery Loan

Here are three steps process to machinery loan apply online from ZipLoan:

Submit Application - Simply enter your personal, business, and financial info to receive a loan offer.
Upload Documents - Upload digital copies of your documents in a single-step process for verification.
Get Sanctioned - Receive your machinery finance approval and disbursal within 3 working days*.

What You Can Do With Machinery Loan?

A machinery loan online can help a manufacturing unit in several ways. Let’s take a look at some points:

Higher Production: With the help of a machinery loan, the manufacturing unit has access to the latest technology. With the latest technology, the business can enjoy the benefits of higher production in lesser time. This will ultimately lead to greater sales.
Improved Quality Product: Equipment financing can help you with producing improved quality products with the help of the latest technology. This will lead to garnering the trust of the customers.
Enhanced Profits: Latest technology and higher production reduce the cost per unit which will ultimately generate more profits. Also, our machinery loan interest rate is the best in the market. Thus, even the cost of machinery loans without security was reduced as well.
Fast Turnaround Time: With the latest technology at disposal, the manufacturing unit can complete its order on or before time. This will prevent out-of-stock situations.
Lower Defects: Goods manufactured using the latest and up-to-date machinery are usually defective free which leads to the goodwill of the product and company among customers and in the market. It also reduces the wastage on account of defective goods.
Lower Setting-up Time: As compared to old machinery, new machinery usually takes lesser time to set up and start working. This ensures quicker production and lesser wastage of time and money.

Frequently Asked Questions

How do I get a loan for machinery?

Here are three steps process to machinery loan apply online from ZipLoan: 1) Submit Application - Simply enter your personal, business, and financial info to receive a machinery loan offer. 2) Upload Documents - Upload digital copies of your documents in a single-step process for verification. 3) Get Sanctioned - Receive your loan approval and disbursal within 3 working days*.

What is a machinery loan?

Equipment loans are a type of credit facility that allows you to borrow funds for the purpose of buying, leasing, repairing or upgrading machinery. You can improve your productivity and efficiency without sacrificing your working capital with this type of business loan. Pre-approved offers further simplify the application process.

How do machinery loans work?

Equipment financing refers to a loan used to purchase business-related equipment, such as a restaurant oven, a vehicle, or a copier scanner.

Who needs equipment financing?

Any business owner who wants to buy new machinery or wants to upgrade one can avail machinery loan from Ziploan.

Why do we finance equipment?

Financing equipment helps maintain cash flow and greater certainty in budgeting by setting customized rent payments to match cash flow and even seasonal cash flows.

Is it possible to get a loan for machinery?

You can boost your business's productivity by taking out a Machinery Loan, which will result in higher profits from the distribution and sale of products. You can apply online or offline for a Machinery Loan. Both modes of application are available to most banks and financial institutions.

Can we get loan on old machinery?

In the case of NBFCs, Micro Finance Companies, and Small Finance Banks, one can easily get a machinery loan without collateral.

Solving Real problems

Ram Yadav

I have been running my business for over twelve years but have not been able to undertake expansion activities. I applied to Ziploan and they cleared my loan application in a very short span of time.

Kanchan Lata

I approached Ziploan for an equipment finance loan. Their eligibility criterion was easy to fulfill because it required only 2 years ITR and 10 lacs of annual banking credit.

Babu Lal

I always thought that loans and credit facilities were only available to large businesses with significant turnover. I never thought I would be eligible to qualify for a business loan too. Ziploan is boon for small enterprises like me.

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Different Type of Small Business loans

Machinery Loan