What is a machinery term loan?
A machinery term loan is a loan for machinery or equipment used in production. It is an agreement where you pay back part of the money you borrow over a certain period of time.
- Loan up to Rs. 7.5 lakh at lowest interest rates
- Fund disbursal in 3 days after documents verification and approval
- Flexible repayment tenor of up to 36 months
- Online loan application process
- No prepayment charges after first 6 EMIs (excluding pre-EMI)
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