Introduction to Machinery Loans in Panipat with Loanpao

Panipat, a key industrial hub in Haryana with a population of approximately 1.2 million and an area of 1,754 km², is renowned for its textile and manufacturing industries. Loanpao’s machinery loans in Panipat empower businesses to acquire advanced equipment, upgrade technology, or expand production capacity. With competitive interest rates, quick disbursal, and tailored financing solutions, Loanpao supports Panipat’s industrial growth in 2025.

Why Choose Loanpao for Machinery Loans in Panipat?

Loanpao offers customized machinery loan solutions for Panipat’s businesses. Here’s why you should choose us:

  • Competitive Interest Rates: Starting at 8.75% p.a., ensuring cost-effective financing.
  • Quick Disbursal: Funds available within 5–7 business days post-verification.
  • Flexible Repayment: Tenures up to 7 years to align with business cash flows.
  • High Loan Amounts: Up to ₹20 crore for purchasing advanced machinery.
  • Panipat’s Industrial Advantage: Leverage the city’s textile and manufacturing hub for business growth.

Loanpao Machinery Loan Features

Loanpao’s machinery loans are tailored for Panipat’s industrial needs:

Feature Details
Interest Rate 8.75% - 12.00% p.a. (based on business profile)
Loan Amount Up to ₹20 crore, based on machinery cost and eligibility
Tenure Up to 7 years
Processing Fee Up to 1.5% of loan amount
Collateral Machinery as primary security; additional collateral may be required

Note: Interest rates may vary based on market conditions and business creditworthiness. Contact Loanpao for the latest rates.

Eligibility Criteria for Loanpao Machinery Loans

To apply for a Loanpao machinery loan in Panipat, businesses must meet these criteria:

  • Business Type: Registered companies, partnerships, or proprietorships.
  • Business Vintage: Minimum 3 years of operations with stable revenue.
  • Annual Turnover: Minimum ₹50 lakh per annum.
  • Credit Score: Business credit score of 700+ or equivalent financial stability.
  • Location: Business operations or registered office in Panipat.

Tip: Use Loanpao’s online eligibility calculator to assess your loan amount.

Documents Required

Loanpao streamlines the documentation process for machinery loans. You’ll need:

  • Business Identity Proof: GST Registration, Shop Act License, or Company Registration Certificate.
  • Address Proof: Utility Bill (recent), Lease Agreement, or Property Tax Receipt.
  • Financial Documents:
    • ITR and audited financials (3 years).
    • Profit & Loss Statement, Balance Sheet (3 years).
    • Bank statements (12 months).
  • Machinery Documents: Proforma invoice, machinery quotation, supplier details.
  • Collateral Documents (if applicable): Property Title Deed, Encumbrance Certificate, Approved Plan.
  • Others: Business profile, KYC of directors/partners, loan application form.

Types of Machinery Loans Offered by Loanpao

Loanpao provides various machinery loan options for Panipat businesses:

  • New Machinery Loan: For purchasing advanced textile or manufacturing equipment.
  • Used Machinery Loan: For cost-effective acquisition of pre-owned machinery.
  • Machinery Upgradation Loan: For upgrading existing equipment to boost productivity.
  • Balance Transfer Loan: Switch existing machinery loans to Loanpao for lower rates.

Why Panipat is Ideal for Machinery Loans

Panipat’s industrial landscape makes it perfect for machinery loans:

  • Textile and Manufacturing Hub: Known for textile production and industrial growth.
  • Connectivity: Strategic location near NH-44 and proximity to Delhi.
  • Economic Opportunities: Ideal for businesses investing in modern machinery.
  • Industrial Growth: Supports SMEs and large enterprises in scaling production.

Benefits of Loanpao’s Machinery Loans

With Loanpao, businesses in Panipat enjoy:

  • Quick disbursal within 5–7 business days.
  • Interest rates starting at 8.75% p.a.
  • Flexible tenures up to 7 years.
  • Expert support for documentation and machinery evaluation.
  • Online tools for EMI and eligibility calculations.

Boost your business productivity in Panipat with Loanpao’s tailored machinery loans.

Frequently Asked Questions

Loanpao disburses machinery loans within 5–7 business days after verification.

A minimum annual turnover of ₹50 lakh is required.

Yes, Loanpao offers loans for both new and used machinery, subject to evaluation.

The machinery itself acts as primary security; additional collateral may be required based on loan amount.