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Transform Your Business with Machinery Loan!

Flexible loan options to help you acquire the right machinery for business expansion.

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A Machinery Loan – Powering Your Business Growth

A machinery loan is a financial solution designed to empower businesses to acquire or upgrade essential equipment without straining their working capital. Machinery loans are available for MSMEs, startups, SMEs, larger businesses, and enterprises. Machinery financing ensures businesses can enhance operational efficiency, integrate advanced technology, and stay competitive in the market.

What are Machinery Loans?

Machinery loans are a type of business loan that can be used to buy new machines or upgrade existing equipment. Machinery loans help businesses overcome financial barriers, enabling them to scale operations without interruptions.

With Welfortune, you can access machinery lending options from India’s top-tier banks, NBFCs, and financial institutions. Whether you need a loan for machinery purchase or machinery finance for upgrades, we ensure your business gets the best deal with higher loan amounts, attractive interest rates, and flexible loan tenures.

Features and Benefits of Machinery Loan

Wide range of machinery and equipment loan options
Loan Amount Range from ₹5 Lakh to ₹5 Crore
Digital & Minimal Documentation
Tenure from 12 to 60 Months
Catering to customers in rural & semi-urban areas
Avail machinery loans for new business MSMEs, or SMEs
Machinery Loan Icon
Loans can be availed for up to 100% of the equipment price
Rate of Interest (ROI) Starting from 12% Onwards
No Additional Collateral is Required
Easy & Quick Disbursal
Customized Repayment & Flexible foreclosure options
Benefits for Government Loans for Machinery Purchases

Upgrade your business operations effortlessly with our hassle-free machinery & equipment financing options.

Eligibility Criteria for Machinery Loan

Applicant must be between 21 and 65 years of age

A credit score of 650 or higher

Minimum business vintage of 3 years

Documentation Required for Machinery Loan

KYC Documents
(Identity & Residence)

Income tax returns (ITR) for the last 3 years

Business ownership proof

Proforma invoice of the machinery purchase

Bank statements for the last 6 months

Machinery Loan EMI Calculator

A Machinery Loan EMI Calculator is an online tool that helps borrowers calculate the Equated Monthly Installment (EMI) for a machinery loan. By inputting details such as the loan amount, interest rate, and loan tenure, the calculator provides an accurate estimate of the monthly payments, enabling businesses to plan their finances and manage cash flow effectively when investing in machinery.

Wide Range of Machinery & Equipment Financing Options that suit your Business Requirements

Medical Equipment Loans

Machinery Equipment Loan

Construction machinery finance

Manufacturing equipment loans

Farm machinery loans/finance

Aviation industry equipment loans

Used machinery loan

Loan Against Machinery

Machinery Loan FAQs

The interest rate for machinery finance depends on the lender, loan amount, and borrower profile. Typically, it ranges between 8% and 15% per annum.

Yes, many lenders accept machinery as collateral for secured loans.

MSME machinery loan rates can start from as low as 7.5% per annum, depending on the scheme and lender.

Several banks, NBFCs, and financial institutions offer machinery loans, including private and public sector lenders.

Many lenders provide refinancing options to replace your existing machinery loan with a better interest rate or repayment term.

Eligibility varies by lender but generally includes having a registered business, stable income, and good credit history.

It can be either secured (backed by collateral) or unsecured, depending on the lender and loan product.