Modernize Your Factory. Power Your Production. Business Loans for Essential Machinery Upgrades.
Any business, large or small, cannot do without equipment that helps in the production of goods and services. Businesses require finance to acquire manufacturing equipment that brings about changes in the production processes of manufactured goods. Companies may also apply for a loan to fix damaged plants and equipment or buy better machine models.
Such upgrades or purchasing new machinery can force business units to continue generating the required profits and stay competitive. These types of loans received from money lenders are usually referred to as machinery loans.
The Working Capital Loan is offered at Grahaan Capital for the benefit of the small business owners and the MSMEs so that they get the type of financial help that they require to grow their businesses further and the machinery loan is another product that is aligned to suit the needs of the target customers.
Get immediate approval for a business loan up to Rs. 1 Core. You can apply for our business loan online, as long as you meet some basic criteria mentioned below. Meet the simple requirements for business loan eligibility and complete the necessary documentation to receive the funds you require in as little as 24 hours* after approval.
* Charitable organizations, NGOs, and trusts are not eligible for a business loan.
Note: The above-mentioned eligibility criteria are for indicative purposes only. Actual eligibility criteria defined by Banks/NBFCs shall vary as per their sole discretion and shall be defined at the time of loan application submission.
Documents required for business loans to establish your business identity, income, loan repayment capacity, and place of business. Here are the few common set of documents that you will need to submit when applying for a business loan:
Although business loan rates and charges might differ significantly based on the credit history of the loan applicant and the business itself, the following table will provide you with a general indication of what to expect:
| Particulars | Charges |
| Business Loan Interest Rates | 9.75% p.a onwards |
| Loan Amount | ₹1 Lakh to ₹1 Core |
| Loan Processing Fees | Minimum 2% plus applicable taxes |
| Lowest EMI per month | Starting from ₹2,112* per Lakh for 60 months |
| Loan Tenure | 12 - 60 months |
| Prepayment/Foreclosure Charges | 0%* If paid from own sources & 4% If paid from other sources |
| Default Interest | Minimum 3% per month |
| Repayment Instrument Dishonor Charges | Upto Rs. 2500/ + GST (if applicable) per bounce |
| Stamp Duty | At actuals (as per state) |
| * No Other Hidden Charges | |
