What are the documents required for Machinery Loan?

Business machinery and equipment is a crucial aspect of manufacturing units. A company must own the latest machinery and equipment to establish and run a manufacturing unit successfully.

Acquiring the right machinery can help the business to increase its overall productivity and therefore, profitability. Besides, maintaining machinery and investing in it can help businesses take an edge over competitors.

So, if you are in need to buy new machinery but lack of funds hold you back, you can avail a machinery loan from us, ranging from Rs. 1 lakh to Rs. 5 lakh to meet your machinery requirements.

instant business loan

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

Benefits of Machinery Loan

Machinery can be beneficial for a small business in the following ways:

  • Enhanced Productivity: by employing new and upgraded machinery, a business can enhance its productivity in a shorter span of time.
  • Fast Turnaround Time: better and update equipment will help in producing products faster. With new technology at disposal, the business owner can produce within the said time limits quickly.
  • Improved Quality: new machinery helps in producing better quality products. It also helps in minimising the chances of producing defected goods.

Documents required for Machinery Loan

If you want to avail a machinery loan, you need to provide a few machinery loan documents to the lender:

  • Business Proof: for business proof, you can provide a business registration certificate, GST certificate, MSME registration certificate, etc. The certificate serves as a legal proof to the business legitimacy.
  • Past Accounts: business finances are required to know how much the business is making and if it will repay the loan or not. For this, the last two years’ ITR and nine months’ bank statement is required.
  • Residential Proof: residence proof, as well as business place proof, is required. Electricity bill of both the places, PAN card, etc. can be provided.
  • Identity Proof: KYC documents must be attached with the loan application to apply for machinery loan in India.

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.

Ready for Ziploan to
empower your business ?