Machinery Loan Overview
LoanPao’s Machinery Loan in India allows businesses, MSMEs and self-employed professionals to purchase or upgrade equipment with loans up to ₹50 crore at competitive rates of 8%–15% p.a.. With 500+ RBI-compliant lenders, get approvals in 3–7 days through a fully digital process.
About LoanPao’s Machinery Loan
LoanPao is India’s trusted platform for Machinery Loans. We connect you with top banks and NBFCs to give you the lowest rates, minimal documentation and fastest approval so your business can grow without delay.
Key Features
High Loan Amount
Up to ₹50 crore for any equipment.
Lowest Rates
Starting at 8% p.a.
Flexible Tenure
Up to 7 years repayment.
Digital Process
Online application with e-KYC.
Trusted Lenders
500+ RBI-compliant partners.
Multiple Industries
Manufacturing to agriculture.
Market Insights
Machinery Loan demand is rising rapidly in India as businesses modernize equipment to increase productivity. With competitive rates and quick processing, it remains the preferred choice for MSMEs and manufacturers.
Customer Testimonials
“Got ₹2.5 crore for new CNC machines in just 5 days. LoanPao made it seamless!”
— Sanjay Kumar, Ahmedabad“Best rates and zero hassle. My packaging unit is now fully upgraded.”
— Meena Patel, Pune“Fast approval and flexible EMI. Highly recommend for any business equipment.”
— Vikram Singh, ChennaiEligibility Criteria for Machinery Loan
| Criteria | Details |
|---|---|
| Applicant Type | Businesses, MSMEs, self-employed professionals |
| Business Turnover | Minimum ₹50 lakh p.a. |
| Business Vintage | At least 2 years |
| CIBIL Score | 650+ preferred |
| Loan Amount | ₹5 lakh – ₹50 crore |
Documents Required for Machinery Loan
- KYC: Aadhaar, PAN, voter ID
- Business Proof: GST registration, Udyam certificate
- Financials: ITR (2 years), GST returns, bank statements
- Machinery Quotation: From supplier
How to Apply for Machinery Loan
Apply with LoanPao in easy steps:
- Fill the form below with business and loan details.
- Upload KYC, financials and quotation via e-KYC.
- Complete verification.
- Get funds in 3–7 days.
Compare Machinery Loan Providers
| Provider | Interest Rate (p.a.) | Loan Amount | Tenure | Processing Fee |
|---|---|---|---|---|
| SIDBI | 8%–12% | ₹10 lakh–₹25 crore | 1–7 years | 0.5–1% |
| HDFC Bank | 9%–13% | ₹5 lakh–₹20 crore | 1–5 years | 0.75–1.5% |
| Bajaj Finance | 10%–15% | ₹10 lakh–₹15 crore | 1–5 years | 1–2% |
Note: Rates and terms are indicative. Contact LoanPao for latest offers.
Uses of Machinery Loan
Machinery Loans can be used for:
- Purchasing new equipment: CNC machines, excavators, medical devices.
- Upgrading existing machinery.
- Expanding production capacity.
- Agricultural equipment: Tractors, harvesters.
- Technology upgrades: Automation systems.
Why Choose LoanPao for Machinery Loan?
Wide Lender Network
500+ RBI-compliant lenders.
EMI Calculator
Plan repayments easily.
24/7 Support
Call +91-999-163-4766 or email info@loanpao.in.
Tips for a Successful Machinery Loan Application
- Provide accurate machinery quotations from verified suppliers.
- Keep business financials up to date.
- Maintain good CIBIL score for better rates.
- Choose secured option for lower interest.
- Use our EMI Calculator to match cash flow.