What are the documents required for Machinery Loan?

Availing of a machinery loan from Ziploan is easy and hassle-free. For a fast approval on your application for an equipment fiance you'll need the following documents:

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Machinery loan documents

  • KYC documents (Pan card, Aadhar card, electricity bill, driving license, etc.)
  • Bank statement (12 months)
  • Business registration proof
  • ITR of the previous two years

To know your EMI you can use our EMI calculator. You can also check out the feature and benefits of machinery loans here.

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 updated 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 minimizing the chances of producing defective goods.

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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.

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