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Loans for
EQUIPMENT & MACHINERY
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  • Longer tenure loan, easy repayment
  • No guarantor required

Equipment and Machinery Loans

 

 

Equipment and machinery feed the demands of the market by boosting production. Upgrade or purchase machinery your business requires through our equipment and machinery loans to fulfil the market demand and grow your business in ways you’ve always imagined!

 

Uses of equipment and machinery loans:

 

equipment-and-machinery
Purchase new equipment and machinery
equipment-and-machinery
Upgrade existing machinery
equipment-and-machinery
Carry out maintenance of equipment & machinery

Why the HFS equipment and machinery loan is ideal for your business:

Equipment Loan

 

A simple 3 step procedure:

Call us at your doorstep >> Quick loan approval >> Receive the funds in your account

 

Equipment Loan

 

Doorstep Service

You can now book an appointment with us online, and a representative of HFS will be at your doorstep with answers to your queries.

Equipment Loan

 

Repayment tenure

The tenure for our smart loan goes up to 5 years; while that for a secured business loan goes for as long as your business needs.

Equipment Loan

 

Eligibility has never been more exciting

As long as your annual income is above 1,00,000/- p.a in metro cities and 75,000/- p.a. in non-metro cities, you are eligible to apply for our equipment and machinery loans.

 

Loan in 3 easy steps

Step 1 Step 1 Call us at
your doorstep
Step 2 Step 2 Quick loan
approvals
Step 3 Step 3 Get funds in
your account

Check Eligibility

  • GROSS INCOME (MONTHLY)

    10 K
    5 Lacs
  • TENURE (YEARS)

    1 Year
    15 Years
  • OTHER EMIS (MONTHLY)

    0
    1 Lac
  • YOUR LOAN ELIGIBILITY

Smart Business Loan
  • Loans up to 25 Lakhs
  • Tenure ranging from 12 to 60 months
  • No guarantor/security required
  • Convenience of doorstep service
  • Attractive Rate of Interest
  • Minimum & Hassle-free Documentation
Secured Business Loan
  • Loan up to 2 Crore
  • Loan up to 70% of the market value of the property
  • Longer tenure as per business needs
  • Attractive interest rates
  • Simple and speedy processing
  • Balance transfer facility - Lets you retire your high cost debt

Self-employed (Individuals)

   Self-Employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in firms in the Business of Manufacturing, Trading or Services.

Documents required:

  • Proof of Identity: Passport / Voters ID / Driving License / PAN Card / Aadhar Card
  • Address Proof: Driving License / Voter ID / Utility Bill (Latest 2 months) / Registered Rental Agreement / Passport
  • Bank Statements: Latest 6 months' bank statements / 6 months’ bank passbook
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA
  • Business Continuity Proof: Shops and Establishment License / GST Registration Certificate / VAT Returns / Sales Tax Returns
  • Other Documents: Certified copy of Partnership Deed, Certified copy of MOA / AOA.

Additional Document Required:

  • Only for secured Business loan - Copy of all property documents

Private Limited Cos and Partnership Firms

  Private Limited Cos and Partnership Firms engaged in the Business of Manufacturing, Trading or Services

Documents required:

  • ID / Business Continuity Proof: PAN Card / S&E License / Tax Returns / Utility Bill
  • Address Proof: Utility Bill (Latest 2 months) / Registered Rental Agreement
  • Bank Statements: Latest 6 months' bank statements / 6 months’ bank passbook
  • Latest ITR along with computation of income, B/S & P&L a/c for the last 2 years certified by a CA
  • Other Documents: Certified copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association

Additional Document Required:

  • Only for secured Business loan - Copy of all property documents

Self-employed (Professionals)

   Self-Employed (Professionals) include self - employed Doctors, Chartered Accountants & Architects.

Documents required:

  • ID Proof: Passport / Voters ID / Driving License / PAN Card / Aadhar Card
  • Address Proof: Driving License / Voter ID / Utility Bill (Latest 2 months) / Registered Rental Agreement / Passport
  • Bank Statements: Latest 12 months' bank statements / 12 months’ bank passbook
  • Latest ITR along with computation of income, B/S & P&L A/c for the last 2 years certified by a CA

Additional Document Required:

  • Only for secured Business loan - Copy of all property documents

Self-employed (Individuals)

   Self-Employed (Individuals) include self-employed - Sole proprietors, Partners & Directors of firms in the Business of Manufacturing, Trading or Services.

  • Minimum age of Applicant: 21 years
  • Years in business: Minimum 3 years
  • Minimum Annual Income: 1, 00,000/- p.a. for Metro locations & 75,000 p.a. for Non-Metro locations.

Private Limited Cos and Partnership Firms

   Private Limited Cos and Partnership Firms engaged in the Business of Manufacturing, Trading or Services

  • Years in business: Minimum 3 years
  • Minimum Annual Income: 100000/- p.a. for Metro Locations & 75,000/- p.a. for non-metro locations.
  • Business must be profit making for the last 2 years

Self-employed (Professionals)

   Self-Employed (Professionals) include self - employed Doctors, Chartered Accountants & Architects.

  • Minimum age of applicant: 21 years
  • Years in business: Minimum 3 years
  • Minimum Annual Income: 1, 00,000 p.a. for Metro locations & 75,000 p.a. for other locations.