A machinery loan in Delhi helps businesses finance the purchase of equipment for industrial, agricultural, or commercial use. In 2025, Loanpao offers machinery loans in Delhi with interest rates starting at 8% p.a., tenures up to 10 years, and loan amounts ranging from ₹10 lakh to ₹50 crore, supporting businesses in the region to enhance productivity.
Eligibility Criteria for Machinery Loan in Delhi
Criteria
Details
Business Type
MSMEs, industrial units, or agricultural businesses
Business Vintage
Minimum 2 years of operation
Residency
Business registered in Delhi with valid address proof
Annual Turnover
Minimum ₹50 lakh per annum
Credit Score
Preferred score of 650 or above
Documents Required for Machinery Loan in Delhi
Identity Proof: Aadhaar Card, PAN Card, or Voter ID of business owner.
Address Proof: Utility bill or Aadhaar Card (Delhi address).
Business Proof: GST registration, business license, or Udyam registration.
Financials: ITR for last 2 years, profit & loss statement, balance sheet.
Bank Statement: Last 6 months' bank statements.
Machinery Details: Quotation or invoice of the machinery to be purchased.
Benefits of Machinery Loan in Delhi
Competitive interest rates starting at 8% per annum in 2025.
Loan amounts up to ₹50 crore for machinery purchases in Delhi.
Flexible repayment tenure of up to 10 years.
Quick processing within 7-10 days with Loanpao in Delhi.
Tax benefits on interest paid under Section 80C for businesses.
Factors Affecting Machinery Loan in Delhi
Business Turnover
Higher annual turnover ensures better loan amounts and terms in Delhi.
Credit Score
A good credit score leads to lower interest rates and faster approval.
Machinery Cost
The cost and type of machinery impact the loan amount eligibility.
Business Stability
Stable business operations for at least 2 years improve loan approval chances.
How to Apply for a Machinery Loan in Delhi
Follow these steps to apply for a machinery loan in Delhi through Loanpao:
Visit loanpao.in and select "Machinery Loan in Delhi."
Enter details about your business (turnover, vintage, machinery type).
Fill out the online application form with your details (name, Delhi address).
Compare machinery loan options available in Delhi:
Loan Type
Interest Rate
Loan Amount
Tenure
Processing Fee
Industrial Machinery Loan
8% p.a.
Up to ₹50 crore
Up to 10 years
1% of loan amount
Agricultural Machinery Loan
8.5% p.a.
Up to ₹5 crore
Up to 7 years
0.8% of loan amount
Commercial Machinery Loan
8.2% p.a.
Up to ₹20 crore
Up to 8 years
0.9% of loan amount
Frequently Asked Questions
MSMEs, industrial units, or agricultural businesses with at least 2 years of operation, a minimum annual turnover of ₹50 lakh, and a credit score of 650+ can apply in Delhi.
Interest rates start at 8% per annum, depending on the loan type and business profile.
The process typically takes 7-10 days in Delhi, depending on document verification and lender approval.
Options include industrial machinery loans, agricultural machinery loans, and commercial machinery loans in Delhi.
The maximum tenure can go up to 10 years for industrial machinery loans in Delhi.
Yes, processing fees start at 0.8% of the loan amount, and additional charges like documentation fees may apply.
Missing a repayment may lead to late fees, impact your credit score, and in extreme cases, seizure of collateral by the lender.
Yes, Loanpao offers an online application process with doorstep document pickup in Delhi.
The maximum amount can be up to ₹50 crore for industrial machinery loans in Delhi.
Collateral may be required for larger loans, such as the machinery itself or other business assets, depending on the loan amount.
