Overview of Machinery Loan in Noida
Machinery loans in Noida provide financing for businesses to purchase or upgrade equipment in industrial zones like Sector 10, Surajpur, and Greater Noida. In 2025, lenders like SIDBI, Bajaj Finance, and SBI offer machinery loans with interest rates starting at 8.75% p.a. and loan amounts up to ₹5 crore. Loanpao helps Noida-based businesses compare offers, check eligibility, and apply for tailored machinery loans.
Eligibility Criteria for Machinery Loan in Noida
| Criteria | Details |
|---|---|
| Business Type | Manufacturing, MSME, or service units |
| Business Vintage | Minimum 1 year |
| Annual Turnover | ₹25 lakh or above |
| Credit Score | Minimum 650 (business or promoter) |
| Collateral | Optional (machinery itself may serve as collateral) |
| Location | Registered business in Noida |
Documents Required for Machinery Loan in Noida
- Business Proof: GST registration, Udyam certificate, or shop license.
- Identity Proof: PAN Card, Aadhaar Card of promoters.
- Financials: ITR, balance sheet, profit & loss statement (last 1-2 years).
- Machinery Details: Quotations, invoices, or supplier agreements.
- Bank Statement: Last 6 months of business account.
- Address Proof: Utility bill or lease agreement for Noida business.
Benefits of Machinery Loan in Noida
- Competitive interest rates starting at 8.75% p.a. in 2025.
- Loan amounts up to ₹5 crore for equipment needs.
- Flexible repayment tenure from 1 to 7 years.
- Quick disbursal within 2-5 days for approved applications.
- No collateral required for small-ticket loans.
Factors Affecting Machinery Loan in Noida
Interest Rate
Rates range from 8.75% to 13%, based on credit score, loan size, and lender policies.
Loan Amount
Up to ₹5 crore, depending on machinery cost and business financials.
Credit Score
A score above 650 ensures better terms and faster approval.
Collateral
Unsecured loans available; secured loans use machinery as collateral for lower rates.
How to Apply for a Machinery Loan in Noida
Follow these steps to apply for a machinery loan in Noida through Loanpao:
- Visit loanpao.in and select "Machinery Loan in Noida."
- Complete the online application with business and machinery details.
- Upload required documents (financials, machinery quotations).
- Submit the application and get approval within 2-5 days.
- Receive funds in your business account post-verification.
Loan Eligibility for Machinery Loan in Noida
Check your eligibility for a machinery loan in Noida with Loanpao’s eligibility tool:
- Enter business details (turnover, vintage, credit score).
- Provide Noida address for localized offers.
- Upload machinery quotations for instant verification.
Loanpao will assess your eligibility and suggest the best machinery loan offers in Noida.
Check Eligibility NowTrack Your Machinery Loan Application in Noida
Loanpao provides a seamless tracker for your machinery loan application:
- Submit your application ID on the Loanpao Tracker page.
- Get real-time updates (e.g., verification, approved, disbursed).
- Receive notifications for disbursal updates in Noida.
- Contact Loanpao support for assistance with delays.
Machinery Loan Comparison in Noida
Compare machinery loan offers from top lenders in Noida:
| Lender | Interest Rate | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SIDBI | 8.75% p.a. | Up to ₹5 crore | 1 to 7 years | Up to 1% of loan amount |
| Bajaj Finance | 9% p.a. | Up to ₹3 crore | 1 to 5 years | Up to 1.5% of loan amount |
| SBI | 9.25% p.a. | Up to ₹4 crore | 1 to 6 years | Up to 1% of loan amount |
Frequently Asked Questions
A machinery loan is financing for Noida-based businesses to purchase or upgrade equipment for operational needs.
Interest rates start at 8.75% p.a., depending on the lender and credit profile.
Approval typically takes 2-5 days, with disbursal within 5-7 days post-verification.
Collateral is optional; the machinery itself may serve as collateral for secured loans.
Loan amounts can go up to ₹5 crore, depending on machinery cost and financials.
Yes, most lenders allow early repayment with minimal or no prepayment charges.
Top lenders include SIDBI, Bajaj Finance, and SBI in Noida.
Yes, Loanpao offers a fully online application process for machinery loans in Noida.
Processing fees range from 1% to 1.5% of the loan amount, depending on the lender.
Yes, schemes like SIDBI’s SMILE and CGTMSE are available for MSMEs in Noida.