Machinery Loan

Machinery Loan

Machinery loan is the loan provided by Banks and NBFC to the purchase of old/new machinery. In todays world every business need machinery loan wether it is small or large to setup their business. If you are looking to expand and develop your business infrastructures and you need machinery loan then Thinkaide help you with the customized finance options. We provide Machinery Loan Services at very affordable interest rate.

Thinkaide Offers the Best and lowest rate equipment loans in Delhi, India for the entire range of new & used heavy vehicles, medical, construction equipment's. Thinkaide have been actively engaged in providing Machinery Loan Services in Delhi, NCR, India. Thinkaide always offer a best and lowest interest rate to our customer from major of banks & NBFC's. if you are looking to expand and develop your business infrastructures then Thinkaide help you with the customized finance options.

Eligibility

Factors for Machinery Loan

The potential for growth, consistent revenue flow and unblemished credit history are the key parameters that make businesses eligible for a Capital Float loan. We do not ask for collateral and do not need you to bring any guarantors.

  • An operational vintage of minimum 3 years
  • Small and medium sized manufacturers, traders, and service providers engaged in various industries.
  • Availability of scanned paperwork for KYC and to verify business details.
  • . Compliance with the current Income Tax and GST laws
  • Ownership of at least 1 property is mandatory

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Documents Required for Machinery Loan

Photograph - Latest Colour Photograph

Identity proof of promoters(Any One) - Voter ID Card / PAN Card / Passport / Driving License / Aadhar Card / Govt. issued document + Photograph / Bank Sign Verification + Photo

KYC documents of Firm

Income Proof - Sales and purchase bills / ITR / Financials with all schedules of last 3 Years

Bank Statement – Last 1 year bank statement of all bank accounts

Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any

Original & Valid quotation of machine to be purchased

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