Overview of Machinery Loan in Bahadurgarh

Machinery loans in Bahadurgarh provide financing for purchasing industrial, agricultural, or construction equipment, such as tractors, CNC machines, or excavators. In 2025, these loans offer interest rates starting at 8% p.a., loan amounts up to ₹1 crore (based on equipment value and business turnover), and tenures up to 7 years. Lenders like SBI, ICICI Bank, and Bajaj Finance offer machinery loans through Loanpao’s platform, with disbursal within 5–15 days for Bahadurgarh applicants.

Eligibility Criteria for Machinery Loan in Bahadurgarh

Criteria Details
Applicant Type Business owners, farmers, or contractors in Bahadurgarh
Age 21–65 years
Business Turnover Minimum ₹10 lakh p.a.
Credit Score 700 or above
Collateral Equipment or property (for secured loans)

Documents Required for Machinery Loan in Bahadurgarh

  • Identity Proof: PAN Card, Aadhaar Card.
  • Address Proof: Utility bill, rental agreement, or Aadhaar (Bahadurgarh address).
  • Business Proof: GST registration, shop act license, or Udyam certificate.
  • Income Proof: ITR (2 years), bank statements (6 months).
  • Equipment Details: Quotation or invoice for machinery.
  • Collateral Documents: Property or equipment valuation report (if applicable).

Benefits of Machinery Loan in Bahadurgarh

  • Competitive interest rates starting at 8% p.a. in 2025.
  • Loan amounts up to ₹1 crore for equipment purchases.
  • Flexible repayment tenures up to 7 years.
  • Fast disbursal within 5–15 days for Bahadurgarh businesses.
  • Supports industrial, agricultural, and construction sectors.

Factors Affecting Machinery Loan in Bahadurgarh

Interest Rate

Rates range from 8% to 14% p.a., based on credit score, business turnover, and collateral.

Loan Amount

Up to ₹1 crore, typically 70–90% of the equipment’s value.

Credit Score

A score of 700+ improves approval chances and secures lower rates in Bahadurgarh.

Business Turnover

Higher turnover (₹10 lakh+ p.a.) enhances loan eligibility.

How to Apply for a Machinery Loan in Bahadurgarh

Follow these steps to apply for a machinery loan in Bahadurgarh through Loanpao:

  1. Visit loanpao.in and select "Machinery Loan in Bahadurgarh."
  2. Fill out the online application form with personal and business details.
  3. Upload required documents (identity, address, business proof, equipment invoice).
  4. Compare offers from lenders like SBI, ICICI Bank, and Bajaj Finance.
  5. Receive funds disbursed within 5–15 days in Bahadurgarh.

Loan Eligibility for Machinery Loan in Bahadurgarh

Check your eligibility for a machinery loan in Bahadurgarh with Loanpao’s tool:

  • Confirm business details (e.g., turnover, registration).
  • Provide equipment details (e.g., type, cost).
  • Submit credit score (700+ preferred).
  • Specify collateral (if applicable).
  • Verify Bahadurgarh address.

Loanpao will assess your eligibility and suggest the best machinery loan offers in Bahadurgarh.

Check Eligibility Now

Track Your Machinery Loan Application in Bahadurgarh

Loanpao provides a seamless tracker for your machinery loan application:

  • Submit your application ID on the Loanpao Tracker page.
  • Get real-time updates on status (e.g., under review, approved, disbursed).
  • Receive notifications for disbursal updates in Bahadurgarh.
  • Contact Loanpao support for assistance with delays in Bahadurgarh.
Track Application Now

Machinery Loan Comparison in Bahadurgarh

Compare machinery loan offers from top lenders in Bahadurgarh:

Lender Interest Rate Loan Amount Tenure Processing Fee
SBI 8% p.a. Up to ₹1 crore Up to 7 years 1% of loan amount
ICICI Bank 8.5% p.a. Up to ₹75 lakh Up to 5 years 1.5% of loan amount
Bajaj Finance 9% p.a. Up to ₹50 lakh Up to 5 years 2% of loan amount

Frequently Asked Questions

Yes, some lenders offer unsecured machinery loans, but they require higher credit scores and may have higher rates.

Loans cover industrial (e.g., CNC machines), agricultural (e.g., tractors), and construction equipment (e.g., excavators).

The loan amount is typically 70–90% of the equipment’s value, based on the invoice and business turnover.

Funds are typically disbursed within 5–15 days after approval in Bahadurgarh.

Yes, most lenders allow prepayment with minimal or no charges after a specified lock-in period.

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