Overview of Machinery Loan in Greater Noida
Machinery loans in Greater Noida for 2025 provide businesses with funds to purchase or upgrade equipment. Loanpao connects you with top lenders like ICICI Bank, Axis Bank, and SIDBI, offering loans up to ₹5 crore at interest rates starting at 9% p.a. with tenures up to 7 years.
Eligibility Criteria for Machinery Loan in Greater Noida
| Criteria | Details |
|---|---|
| Business Type | MSME, proprietorship, partnership, or private limited company |
| Business Vintage | Minimum 3 years of operation |
| Annual Turnover | Minimum ₹20 lakh (varies by lender) |
| Credit Score | Minimum 700; higher scores improve terms |
| Residence | Business registered in Greater Noida |
Documents Required for Machinery Loan in Greater Noida
- Identity Proof: Aadhaar, PAN Card, or Passport of business owner.
- Address Proof: Utility bill, Aadhaar, or rental agreement (Greater Noida address).
- Business Proof: GST certificate, MSME registration, or company registration.
- Financial Documents: ITR, balance sheet, profit & loss statement (last 2 years).
- Bank Statements: Last 12 months’ business bank statements.
- Machinery Details: Quotation or invoice of equipment to be purchased.
- Photograph: Recent passport-size photograph of the owner.
Benefits of Machinery Loan in Greater Noida
- Loan amounts up to ₹5 crore for equipment purchase or upgrade.
- Competitive interest rates starting at 9% p.a. in 2025.
- Flexible repayment tenures up to 7 years.
- Collateral may include machinery or business assets.
- Quick disbursal within 7–15 days post-approval.
Factors Affecting Machinery Loan in Greater Noida
Interest Rate
Rates range from 9% to 15% p.a., based on credit score, business turnover, and collateral.
Loan Amount
Up to ₹5 crore, depending on equipment cost and business revenue.
Credit Score
A score above 700 ensures better rates; lower scores may require higher collateral.
Business Performance
Strong financials and consistent turnover improve loan terms.
How to Apply for a Machinery Loan in Greater Noida
Follow these steps to apply for a machinery loan in Greater Noida through Loanpao:
- Visit loanpao.in and select "Machinery Loan in Greater Noida."
- Fill out the online application form with details (business name, Greater Noida address, turnover).
- Upload required documents (Aadhaar, financials, machinery quotation).
- Compare offers from top Greater Noida lenders like ICICI Bank, Axis Bank, and SIDBI.
- Get approval and funds disbursed within 7–15 days in Greater Noida.
Loan Eligibility for Machinery Loan in Greater Noida
Check your eligibility for a machinery loan in Greater Noida with Loanpao’s tool:
- Enter business details (minimum ₹20 lakh turnover).
- Provide credit score (preferably above 700).
- Specify business vintage (minimum 3 years).
- Include Greater Noida address and machinery details.
Loanpao will assess your eligibility and suggest the best machinery loan offers in Greater Noida.
Check Eligibility NowTrack Your Machinery Loan Application in Greater Noida
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 Greater Noida.
- Contact Loanpao support for assistance with delays in Greater Noida.
Machinery Loan Comparison in Greater Noida
Compare machinery loan offers from top lenders in Greater Noida:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| ICICI Bank | 9.00% p.a. | Up to ₹5 crore | Up to 7 years | 0.75% of loan amount |
| Axis Bank | 9.50% p.a. | Up to ₹3 crore | Up to 6 years | 1% of loan amount |
| SIDBI | 9.25% p.a. | Up to ₹2 crore | Up to 5 years | 0.5% of loan amount |
Frequently Asked Questions
The minimum annual turnover is ₹20 lakh, though requirements vary by lender in Greater Noida.
Machinery loans in Greater Noida are disbursed within 7–15 days after approval.
Collateral, such as the machinery itself or business assets, is typically required.
Startups with at least 3 years of operation and strong financials can apply in Greater Noida.
Missing an EMI may incur late fees, impact your credit score, or lead to seizure of collateral.