Plant and Machinery Finance
Plant and Machinery Finance
Ezmy Loans provides a variety of customized and flexible plant and machinery finance solutions, such as leasing and hire purchase business loans, to small and medium-sized businesses. We can help firms secure the assets they need to scale their operations by arranging Plant & Machinery finance.
We provide:
- Leasing: Allows you complete use of the asset for a specific period of time without the burden of ownership.
- Purchase of a rental vehicle: Allows you to spread the cost of an asset over a predetermined amount of time while still having the option to buy the asset at the end of the process.
Why choose us:
- The most diverse range of deals from over 21 banks/NBFCs
- The quickest response time
- Direct Deposit to Applicant's Account
- It saves you both time and money.
- Data Safety and Security
The Advantages of Using Plant and Machinery Finance
- Purchase the equipment now and pay later.
- Maintain Cash Flow
- Obtain Newer Models
- Potential Tax Advantages
- Utilize the Most Recent Technology
Eligibility Criteria
- At the time of loan maturity, the applicant's age must be between 21 and 65 years old.
- A minimum of two years' business vintage is required.
- The applicant should not have a history of loan defaults.
Documents Required
- Latest Passport Size Photo
- PAN Card, Aadhaar Card, Passport, Voter’s ID card, Driving License, Utility Bills (Water and Electricity Bills)
- Income Proof
- Business vintage and existence proof
- ITR of last two years
- Last 1 year bank statement
- Existing facility sanction letter
- Original and valid quotation of the machine(s) – To be purchased
1. What are the advantages of a Machinery Loan?
- Quick and easy access to liquidity in a short period of time
- There is no need for collateral.
- Quick processing
- Interest Rates Are Low
When you need funds for a specified end-use reason, you can request for a Loan against Gold.
2. Is a Machinery Loan Collateral Required?
No, because this loan arrangement does not require any collateral or assets to be pledged.
3. What is the current interest rate on a machinery loan?
The interest rate on a machinery loan starts at 5.50% and goes up from there.
