Machinery Loan Services –Hare Krishna Finance
Hare Krishna Finance we know that the right machinery is crucial to the success of your business. Whether you’re upgrading existing equipment or investing in new technology, our
Why Choose Our Machinery Loans?
- Quick Approval: Get financing for your machinery within days.
- Affordable Rates: Competitive interest rates designed to minimize costs.
- Flexible Repayment: Customizable terms to suit your business cash flow.
- Simple Process: Minimal paperwork and fast disbursement of funds.
Loan Features
- Loan Amount: Finance the full or partial cost of your machinery purchase.
- Repayment Period: Flexible terms ranging from 12 to 60 months.
- Low Interest Rates: Benefit from affordable and transparent interest rates.
- No Collateral: We offer unsecured loans for certain amounts and categories of machinery.
Types of Machinery We Finance
We provide financing for a wide range of machinery across various industries:
- Construction Equipment: Cranes, bulldozers, excavators, etc.
- Manufacturing Equipment: CNC machines, lathes, presses, etc.
- Agricultural Machinery: Tractors, harvesters, irrigation systems, etc.
- Transportation Vehicles: Trucks, vans, and other business vehicles.
How the Machinery Loan Process Works
- Apply Online: Complete a simple application form to begin the process.
- Submit Documents: Provide necessary documents such as business registration, financials, and machinery quotes.
- Approval: Receive quick approval and a loan offer.
- Disbursement: Once approved, the loan amount is disbursed directly to the vendor or your business account for the purchase.
- Repay in Installments: Begin repaying your loan according to the terms agreed upon.
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Note: The above list is illustrative only and not exhaustive
Machinery Loan
Loans given for purchase of industrial machinery to small and medium enterprises
Machinery loan is provided up to 100 Crores
Loan Tenure upto 60 months
Interest Rate for the product Ranges from 4% to 6%.
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 turnaround 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 100 Crores available.
Basic eligibility criteria
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
Documents Required
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