An equipment and machinery loan provides a business owner with the funds needed to purchase the equipment and machinery needed to run their operations. This type of financial assistance for machinery purchases aids business owners in increasing production by utilising freshly purchased machinery and equipment. Increased output or production, as we all know, leads to a rise in revenues through distribution and sale. Because the purchased machinery or equipment is hypothecated to the lender, these loans are mostly secured. This permits the borrower to pay back the loan over time while continuing to use the assets.
You can use this machinery loan to buy new equipment. To run a profitable business, you need the most up-to-date machinery and equipment loan. Obtaining the latest technical tools is a critical business operation. You can also upgrade existing machinery. It’s important to maintain business continuity, you need to ensure that the existing machinery is in good working order. They are important for the company’s long-term asset building goals. Maintenance of equipment can also be done using this loan amount. All the equipment that is in possession of the business owner also needs timely maintenance for smooth operation and output. Sometimes, the maintenance cost of these equipment is nearly as high as its cost price. This is when machinery finance comes to aid.
Uses of equipment and machinery loans:
Purchase new equipment
and machinery
Upgrade existing
machinery
Carry out maintenance of
equipment & machinery
Why the HFS working capital loan is ideal for your business:
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Fast and easy process: When it comes to machinery, you want things to move quickly to avoid an impact on your company's productivity. So, at HFS, business loans for machinery finance are disbursed to you far faster than most other loans. You can expect your funds to be transferred immediately to your bank account in as little as 24 hours. This ensures that you don't waste any time scaling operations with capital. |
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Doorstep Service: You can book an appointment with us online, and a representative of HFS will be at your doorstep with answers to your queries related to machinery finance. |
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Flexible 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. |
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Easy eligibility criteria 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. |
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Quick loan
Get funds inYou can avail a loan of up to 25 lakhs depending on your business requirement.
The repayment tenure is flexible and you can use your loan amount on your own terms. You get enough time to repay the loan amount.
There’s no hassle of providing a security or guarantor. The entire process is seamless and smooth.
You can just give us a call when you feel the need to opt for a smart business loan and our representatives will be there at your doorstep to assist you.
HFS business loan interest rates are best in the industry. Our process and interest rates are both fair, thanks to the automated approach. The interest rates are determined by your company's ability to repay the loan.
With the verification of a few of your documents, your loan gets sanctioned and you can enjoy the benefits of a smart business loan from then.
The upper limit of loans is up to as high as 2 cr, to provide working capital whenever needed.
You get a loan amount of more than half of the market value of your assets.
The repayment tenure is longer according to your business needs.
The interest rates are moderate based on your business’s repayment ability.
The loan procedure gets completed in a few steps that are simple, smooth and hassle free.
This feature at HFS lets you retire your high-cost debt.
Self-Employed (Individuals) include self-employed - Sole proprietors, Partners & Directors in firms in the Business of Manufacturing, Trading or Services.
Documents required:
Additional Document Required:
Private Limited Cos and Partnership Firms engaged in the Business of Manufacturing, Trading or Services
Documents required:
Additional Document Required:
Self-Employed (Professionals) include self - employed Doctors, Chartered Accountants & Architects.
Documents required:
Additional Document Required:
Self-Employed (Individuals) include self-employed - Sole proprietors, Partners & Directors of firms in the Business of Manufacturing, Trading or Services.
Private Limited Cos and Partnership Firms engaged in the Business of Manufacturing, Trading or Services
Self-Employed (Professionals) include self - employed Doctors, Chartered Accountants & Architects.
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