Best Machinery Loan Providers in India
A machinery loan without security can be very beneficial for a small business owner. Machinery and equipment is the most important asset for a small business as it determines the overall output and production of the business and the cost of those products. Good maintenance and timely upgradation of the equipment and machinery ensures that the small business stays profitable and competitive.
Why To Avail Machinery Loan From Ziploan?
ZipLoan is committed to providing machinery loan in India to small businesses so that they find no obstacles to growth. We offer machinery loan without security which is ideally suited for small and medium enterprises. We disburse equipment finance loan within a few days after you sign the contract as we understand the importance of the availability of finance at the time of need.
The Top Features of Our Machinery Loan Without Security:
Business Loan Amount: Our ticket size for unsecured machinery loan is INR 1-7.5 Lacs.
Flexible Repayment Tenure: Machinery loan without collateral can be repaid over a flexible duration of 12-36 months. You can easily repay the machinery loan in easy monthly installments.
Business Loan Low-Interest Rates: Our machinery loan interest rate is low and we only charge 3% of the small business loan amount as processing fee.
- No Foreclosure Charges: We don’t charge any penalty or fees on repayment of the business loan amount before tenure.
How can a Machinery Loan without Security help a Small Business in Its Growth?
An unsecured machinery loan online can help a manufacturing unit in a number of 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: The 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 reduces 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 loan without security 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 defect 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 defected 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.