Machinery Loans
Indian Bank offers dedicated *Machinery Loans* to support businesses in acquiring new or used machinery for manufacturing, processing, and service operations. These loans are designed to empower Micro, Small, and Medium Enterprises (MSMEs) by helping them modernize their production units, improve efficiency, and boost output.
Whether you're a startup or an established enterprise, investing in the right equipment is crucial for growth. Indian Bank’s Machinery Loan provides the financial support you need to take your business to the next level with flexible repayment options and attractive interest rates.
Running a business without the right tools can slow down your growth. At UGMoney Capital, we provide dedicated Machinery Loans designed to help manufacturers, industrialists, and MSMEs upgrade, replace, or purchase new machinery to boost production and efficiency.
Our process is completely transparent and paperless. Get a dedicated relationship manager, minimal documentation, and fast disbursal to fuel your business without interrupting operations.
Machinery loans Requirements
UGMoney Capital ensures that salaried professionals, business owners, and self-employed individuals can easily apply by meeting the following eligibility
- KYC of the applicant & business
- Business registration and GST/Udyam
- Last 3 years ITR with balance sheets
- Quotation/proforma invoice for machinery
- Bank statements (last 6 months)
Who Can Apply for Machinery loans
- Proprietorships, Partnerships, LLPs, Pvt. Ltd. or Ltd. Companies
- Manufacturing, processing, or service sector units
- MSMEs with a valid Udyam Registration or GST number
- Must have a satisfactory banking and credit history
Loan features for Machinery loans
- Loan Amount: ₹1 lakh to ₹10 crore (based on project viability)
- Manufacturing, processing, or service sector units
- Collateral : Hypothecation of machinery + property collateral (if required)
- Interest Rates: Starting from **8.50% p.a.* (subject to creditworthiness)
Why choose indian bank for machinery loans
- Trusted Public Sector Bank
- Transparent Process – No Hidden Charges
- Fast Sanction with Expert Support
- Tailored solutions for industry-specific needs
- Support under government schemes like *CGTMSE, PMEGP, or MSME Champions*
