Machinery Loan India

Machinery Loan

SME loans are for small and medium enterprises, who are engaged in manufacturing, trading or services business and looking for funding to expand their existing business. At MAS Financial Services, we are committed to aid businesses with adequate loans for business expansion, purchase of machinery and other business needs.

Loans for purchase of industrial machinery

  • Loans given for purchase of industrial machinery to small and medium enterprises
  • Machinery loan is provided up to 2 Crores
  • Loan Tenure upto 60 months
  • Interest Rate for the product Ranges from 12% to 24%.
  • Customised schemes are offered as per requirement of customer
  • Benefits of governments schemes is also provided (if applicable/T&Cs apply)
  • Hassle Free Loans: Quick turn around time, hypothecation of the machine financed
  • Special Site visit based assessment policy with limited documents for loan amount upto Rs 30 lakhs available.
  • Special GST & Banking based assessment policy with limited documents for loan amount upto Rs 50 lakhs available.
Customer Profile
  • Small and medium sized manufacturers, traders, and service providers engaged in various industries
Minimum Business Vintage
  • 3 years
Property Ownership
  • Ownership of at least 1 property is mandatory
  • Photograph - Latest Color Photograph
  • Identity proof of promoters(Any One) - Voter ID Card / PAN Card / Passport / Driving License / Aadhar Card / Govt. issued document + Photograph / Bank Sign Verification + Photo
  • KYC documents of Firm
  • Income Proof - Sales and purchase bills / ITR / Financials with all schedules of last 3 Years
  • Bank Statement – Last 1 year bank statement of all bank accounts
  • Existing facility sanction letter/ Repayment Track Record (RTR) of existing loan, if any
  • Original & Valid quotation of machine to be purchased

*MAS reserves the right to ask for additional documents

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