Equipement Loans - Apply for Instant Equipment Loans online in India.
 

Avail Equipment Loan @10.50% P.A at Lowest Interest Rates:

Equipment loans are made by a bank or equipment financing company to fund the purchase of a large piece of equipment. An equipment loan is typically used by small businesses looking to preserve cash by spreading out the cost of the equipment over many months or years. Equipment loans are generally secured by the equipment that is being purchased only, meaning you will not need to present the lender with additional collateral, like a home. Equipment loans can be used to replace existing equipment or to buy new equipment as your small business grows. In general, equipment loans are used to make large purchases of equipment that will retain its value, such as:Large vehicles, like semi trucks, Farm equipment, like tractors, Manufacturing equipment (i.e. plate rolling machines, laser cutting machines, band saws, etc..), Large commercial printers, Healthcare equipment (i.e diagnostic machines, x-ray machines, infusion pumps, etc..), Large construction vehicles and equipment (i.e. mixer trucks, cranes, skid steers, etc..), Restaurant equipment, like ovens & ranges, Computer servers Equipment loans require less documentation than many other forms of financing (like an SBA loan), and you can typically get funded under one week. Unlike getting an equipment lease, with an equipment loan you actually buy the equipment and own it long term instead of turning it over to your lease provider at the end of your financing term. We will discuss the differences between equipment loans and equipment leases in more detail below.

Equipment Loan Interest Rates:

(Last Updated on : 21th. Sept. 2019 )

Bank

Interest Rates

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HDFC Ltd.

9.55% P.A. Onwards.

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Kotak Mahindra Bank

9.75% P.A. Onwards.

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ICICI Bank Ltd.

9.80% P.A. Onwards.

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Axis Bank Ltd.

9.50% P.A. Onwards.

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Yes Bank

9.55% P.A. Onwards.

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IDFC First Bank

10.25% P.A. Onwards.

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Standard Chartered

9.50% P.A. Onwards.

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City Bank

9.25% P.A. Onwards.

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  • Features & Benefits
    • 1. Lowest Interest Rates.
    • 2. Easy Documentations.
    • 3. Fast Processing.
    • 4. Transparent Dealings
    • 5. Door step service.

  • Home Loan is extended for the purpose of 
    • 1. Purchase of land and construction of a residential property
    • 2. Purchase of New Flat / House
    • 3. Purchase of old house / flat along with undivided share of land
    • 4. Extension/modification of existing house / flat
    • 5. Balance takeover from banks/HFC
    • 6. Home Loans at the sole discretion of Banks/NBFCs/MNC Banks

    • List of Documents Required for Home Loan:
    • Documents for company as an Applicant/Co-Applicant:
      • 1. Business/Company profile.
      • 2. PAN card copy with GSTN copy.
      • 3. Three years complete financials.
      • 4. All loan repayment schedule with sanction letter.
      • 5. Twelve months all major bank account statements.
      • 6. MOA & AOA of company or partnership deed copy.
      • 7. List of directors & share holders list with ca attestation.
      • 8. Property papers copy with complete chain and map copy.
      • 9. Netwoth Statement of Company.

    • Director/Partner/Proprietor Documents:
      • 1. Photographs-2
      • 2. PAN card copy with Aadhar Card photocopy.
      • 3. Three years financials/form16/latest 3 months pay slip copy.
      • 4. All loan repayment schedule with sanction letter.
      • 5. Twelve months all saving bank account statements.
      • 6. Netwoth Statement of Directors/Partners.

    • Proprietorship Documents:
      • 1. Photographs-2
      • 2. PAN card copy with GSTN Registartion photocopy.
      • 3. Three years complete financials of the firm/proprietor.
      • 4. All loan repayment schedule with sanction letter if any.
      • 5. Twelve months all major bank account statements.
      • 6. Business/Company profile.
      • 7. Networth Statement of Company/Proprietor.

     

     

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