Machinery Loan
Availability : Out Of Stock
Product/Service details
Specifications
Category : Loans
Description
Machinery Loans Express policy :
Key Features
- Quick sanction of machinery loan through automated platform using GST returns, ITRs, Bank Statement and CIBIL score.
- Loan amount up to Rs. 3 Crore with immediate in-principle offer.
- Upto 100% financing with 25% security in the form of fixed deposit.
- Processing fees of 0.50% plus applicable GST.
- MCLR Linked attractive rate of Interest.
- Repayment upto 60 months.
Eligibility
- MSME units in operation for at least three years.
- Mandatory Udyam & GST registration.
- No defaults to Bank/FIs.
Machinery Loans Speed policy :
Key Features
- Assistance for purchase of plant & machinery and miscellaneous fixed assets.
- 100% financing for loans upto Rs. 15 crore with security of 25% in form of fixed deposit.
- Financing upto Rs. 50 crore subject to maximum of 75% of the project cost under promoter contribution model.
- Financing for second hand/ refurbished machines also allowed subject to compliance of standard guidelines.
- MCLR Linked attractive rate of Interest.
- Repayment upto 84 months with moratorium upto 12 months.
Eligibility
- MSMEs having minimum 3 years of operation.
- Cash profit in last 3 financial years.
- No defaults to Bank/FIs.
Terms & conditions
This offer is valid until stocks last or till the offer ends. Final Price is inclusive of the offer. Offer is applicable on select products and brands. In the event the user returns any/all products in the order placed during the Offer Period, thereby not maintaining the minimum purchase value, as required to avail the Offer, he/she shall not be eligible for the Offer. Accordingly, the amount availed as a discount under the Offer shall stand deducted from any refund(s) processed for the returned product(s).
Machinery Loan
RSDFL Machinery Loan
