pre-loader
Hiranandani Financial Services Pvt. Ltd.

Loans for
EQUIPMENT & MACHINERY
WE ARE RIGHT THERE

Apply Now
  • Longer tenure loan, easy repayment
  • No guarantor required

Equipment and Machinery Loans

 

An equipment and machinery loan provides a business owner with the funds needed to purchase the equipment and machinery needed to run their operations. This type of financial assistance for machinery purchases aids business owners in increasing production by utilising freshly purchased machinery and equipment. Increased output or production, as we all know, leads to a rise in revenues through distribution and sale. Because the purchased machinery or equipment is hypothecated to the lender, these loans are mostly secured. This permits the borrower to pay back the loan over time while continuing to use the assets.

You can use this machinery loan to buy new equipment. To run a profitable business, you need the most up-to-date machinery and equipment loan. Obtaining the latest technical tools is a critical business operation. You can also upgrade existing machinery. It’s important to maintain business continuity, you need to ensure that the existing machinery is in good working order. They are important for the company’s long-term asset building goals. Maintenance of equipment can also be done using this loan amount. All the equipment that is in possession of the business owner also needs timely maintenance for smooth operation and output. Sometimes, the maintenance cost of these equipment is nearly as high as its cost price. This is when machinery finance comes to aid.

 

Uses of equipment and machinery loans:

Equipment Loan

Purchase new equipment
and machinery

Equipment Loan

Upgrade existing
machinery

Equipment Loan

Carry out maintenance of
equipment & machinery

Why the HFS working capital loan is ideal for your business:

Equipment Loan

Fast and easy process:

When it comes to machinery, you want things to move quickly to avoid an impact on your company's productivity. So, at HFS, business loans for machinery finance are disbursed to you far faster than most other loans. You can expect your funds to be transferred immediately to your bank account in as little as 24 hours. This ensures that you don't waste any time scaling operations with capital.

Equipment Loan

Doorstep Service:

You can book an appointment with us online, and a representative of HFS will be at your doorstep with answers to your queries related to machinery finance.

Equipment Loan

Flexible Repayment tenure

The tenure for our smart loan goes up to 5 years; while that for a secured business loan goes for as long as your business needs.

Equipment Loan

Easy eligibility criteria

As long as your annual income is above 1,00,000/- p.a in metro cities and 75,000/- p.a. in non-metro cities, you are eligible to apply for our equipment and machinery loans.

Loan in 3 easy steps

Step 1 Step 1 Call us at
your doorstep
Step 2 Step 2 Quick loan
approvals
Step 3 Step 3 Get funds in
your account
Smart Business Loan
  • Loans up to 25 lakhs:

You can avail a loan of up to 25 lakhs depending on your business requirement.
 

  • Tenure ranging from 12-60 months:

The repayment tenure is flexible and you can use your loan amount on your own terms. You get enough time to repay the loan amount.

  • No guarantor/security required:

There’s no hassle of providing a security or guarantor. The entire process is seamless and smooth.

  • Convenience of doorstep service:

You can just give us a call when you feel the need to opt for a smart business loan and our representatives will be there at your doorstep to assist you.

  • Attractive rate of interest:

HFS business loan interest rates are best in the industry. Our process and interest rates are both fair, thanks to the automated approach. The interest rates are determined by your company's ability to repay the loan.

  • Minimum and hassle-free documentation:

With the verification of a few of your documents, your loan gets sanctioned and you can enjoy the benefits of a smart business loan from then.

Secured Business Loan
  • Loan up to 2 Crore:

The upper limit of loans is up to as high as 2 cr, to provide working capital whenever needed.

  • Loan up to 70% of the market value of the property:

You get a loan amount of more than half of the market value of your assets.
 

  • Longer tenure as per business needs:

The repayment tenure is longer according to your business needs.
 

  • Attractive interest rates:

The interest rates are moderate based on your business’s repayment ability.
 

  • Simple and speedy processing:

The loan procedure gets completed in a few steps that are simple, smooth and hassle free.
 

  • Balance transfer facility:

This feature at HFS lets you retire your high-cost debt.

Self-employed (Individuals)

   Self-Employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in firms in the Business of Manufacturing, Trading or Services.

Documents required:

  • Proof of Identity: Passport / Voters ID / Driving License / PAN Card / Aadhar Card
  • Address Proof: Driving License / Voter ID / Utility Bill (Latest 2 months) / Registered Rental Agreement / Passport
  • Bank Statements: Latest 6 months' bank statements / 6 months’ bank passbook
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA
  • Business Continuity Proof: Shops and Establishment License / GST Registration Certificate / VAT Returns / Sales Tax Returns
  • Other Documents: Certified copy of Partnership Deed, Certified copy of MOA / AOA.

Additional Document Required:

  • Only for secured Business loan - Copy of all property documents

Private Limited Cos and Partnership Firms

  Private Limited Cos and Partnership Firms engaged in the Business of Manufacturing, Trading or Services

Documents required:

  • ID / Business Continuity Proof: PAN Card / S&E License / Tax Returns / Utility Bill
  • Address Proof: Utility Bill (Latest 2 months) / Registered Rental Agreement
  • Bank Statements: Latest 6 months' bank statements / 6 months’ bank passbook
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA
  • Other Documents: Certified copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association

Additional Document Required:

  • Only for secured Business loan - Copy of all property documents

Self-employed (Professionals)

   Self-Employed (Professionals) include self - employed Doctors, Chartered Accountants & Architects.

Documents required:

  • ID Proof: Passport / Voters ID / Driving License / PAN Card / Aadhar Card
  • Address Proof: Driving License / Voter ID / Utility Bill (Latest 2 months) / Registered Rental Agreement / Passport
  • Bank Statements: Latest 12 months' bank statements / 12 months’ bank passbook
  • Latest ITR along with computation of income, B/S & P&L A/c for the last 2 years certified by a CA

Additional Document Required:

  • Only for secured Business loan - Copy of all property documents

Self-employed (Individuals)

   Self-Employed (Individuals) include self-employed - Sole proprietors, Partners & Directors of firms in the Business of Manufacturing, Trading or Services.

  • Minimum age of Applicant: 21 years
  • Years in business: Minimum 3 years
  • Minimum Annual Income: 2, 00,000/- p.a.

Private Limited Cos and Partnership Firms

   Private Limited Cos and Partnership Firms engaged in the Business of Manufacturing, Trading or Services

  • Years in business: Minimum 3 years
  • Minimum Annual Income: 200000/- p.a.
  • Business must be profit making for the last 2 years

Self-employed (Professionals)

   Self-Employed (Professionals) include self - employed Doctors, Chartered Accountants & Architects.

  • Minimum age of applicant: 21 years
  • Years in business: Minimum 3 years
  • Minimum Annual Income: 2,00,000 p.a.