Machinery Loan Overview
LoanPao’s Machinery Loan in India 2025 empowers businesses, MSMEs, and self-employed professionals to purchase or upgrade equipment with loans up to ₹50 crore at competitive rates of 8%–15% p.a.. Available as secured or unsecured loans, they support industries like manufacturing, construction, agriculture, and healthcare. With LoanPao’s network of 500+ RBI-compliant lenders, get approvals in 3–7 days through a digital process. For other financing options, explore our Business Loan or MSME Loan pages.
Apply below or use our EMI Calculator to estimate repayments. Contact us at +91-971-769-5334 for support.
Benefits of Machinery Loan
High Loan Amount
Up to ₹50 crore for equipment purchase.
Competitive Rates
Interest rates starting at 8% p.a.
Flexible Tenure
Repayment terms up to 7 years.
Digital Process
Online application with e-KYC.
Trusted Lenders
500+ RBI-compliant banks and NBFCs.
Versatile Use
Finance equipment for multiple industries.
Eligibility Criteria
| Criteria | Details |
|---|---|
| Applicant Type | Businesses, MSMEs, self-employed professionals |
| Business Turnover | Minimum ₹50 lakh p.a. |
| Business Vintage | At least 2 years |
| CIBIL Score | 650+ for better terms |
| Loan Amount | ₹5 lakh–₹50 crore |
| Collateral | Secured (machinery) or unsecured options |
Check your eligibility with our CIBIL login tool or contact info@loanpao.in.
Documents Required
- KYC: Aadhaar, PAN, voter ID
- Business Proof: GST registration, Udyam certificate
- Financials: ITR (2 years), GST returns, bank statements (12 months)
- Machinery Quotation: From supplier or vendor
- Business License: If applicable
How to Apply for Machinery Loan
Apply with LoanPao in 4 simple steps:
- Fill the form below with business and loan details.
- Upload KYC, financials, and machinery quotation via e-KYC.
- Complete verification with lender support.
- Get funds in 3–7 days after approval.
Start your application or call +91-971-769-5334 for assistance.
Compare Machinery Loan Providers
| Provider | Interest Rate (p.a.) | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SIDBI | 8%–12% | ₹10 lakh–₹25 crore | 1–7 years | 0.5–1% |
| HDFC Bank | 9%–13% | ₹5 lakh–₹20 crore | 1–5 years | 0.75–1.5% |
| Bajaj Finance | 10%–15% | ₹10 lakh–₹15 crore | 1–5 years | 1–2% |
Note: Rates and terms are indicative and subject to change. Contact LoanPao for updated offers (July 2025).
Uses of Machinery Loan
Machinery Loans can be used for:
- Purchasing new equipment: CNC machines, excavators, or medical devices.
- Upgrading existing machinery: Enhance production efficiency.
- Expanding operations: Add capacity for manufacturing or construction.
- Agricultural equipment: Tractors, harvesters, or irrigation systems.
- Technology upgrades: Automation or robotics for businesses.
Why Choose LoanPao for Machinery Loan?
Wide Lender Network
Compare offers from 500+ RBI-compliant lenders.
EMI Calculator
Use our EMI calculator to plan repayments.
24/7 Support
Contact us at +91-971-769-5334 or info@loanpao.in.
Tips for a Successful Machinery Loan Application
- Provide accurate machinery quotations from verified suppliers.
- Ensure business financials reflect stable turnover.
- Maintain a CIBIL score of 650+ for better rates.
- Opt for secured loans to reduce interest costs.
- Use our EMI Calculator to align repayments with cash flow.