If equipment is a vital part of your business, the type of equipment you install has the potential to deliver efficient, satisfactory, or poor results. The better your machinery, the better your output. Increased output means more chances for growth and expansion. That is why so many people opt for an equipment financing—because proper equipment opens the doors to many new and exciting prospects for your enterprise.

Usually, an equipment machinery loan is considered if your equipment needs to undergo necessary repairs, or if you are upgrading to better, more powerful machinery. Regular usage of machinery is bound to cause wear-and-tear, which could result in the machine breaking down, under-performing or performing in a faulty manner. This will result in decreased output, which is detrimental to business.

There is also the possibility that a superior version of your existing equipment is available in the market, which could deliver better results. Although it may cost more, it is important to remember that buying machinery for your organization is an investment, and not merely an expense. With improved machinery, you can cater to the needs of more clients, effectively increasing your profits.

Whatever the reason may be, both repairing the current equipment or buying new equipment require you to spend large amounts of money. It may not be possible for you to spend so much on equipment. If that is the case, you can rest assured, because there are customized loans available for you exclusively for the purchase or repairs of your equipment.

Also Read : Equipment Loans For Your Business Expansion

Equipment Machinery Loan from Bajaj Finserv

The Equipment Machinery Loan from Bajaj Finserv comes with a host of attractive benefits and facilities that are provided specifically for those who need financial support with managing their equipment. Here are a few benefits of the loan:

  • Maximum limit of Rs.30 lakh

    Bajaj Finserv understands your need for installing quality equipment to boost your profits, which is why it offers a loan of up to Rs.30 lakh to help you choose the equipment you want, without compromising on productivity.

  • Complete transparency with no hidden clauses

    Loan applicants often complain about hidden costs cropping up after availing a loan, which wreak havoc on their balance sheets. At Bajaj Finserv, there are no hidden charges. All rates and fees are completely transparent and easy to understand, so that you can be satisfied while applying for a loan and plan your repayment with ease.

  • Line of Credit Facility

    Your equipment and machinery loan comes with a unique and industry first Business Line of Credit facility, which allows you to pay only the interest amount on your loan. The principal component can be paid at the end of your tenor. This way, you do not have to worry about the principal every month, and therefore you can manage your finances better.

  • Lots of pre-approved offers

    If you are an existing loan applicant, you are entitled to special treatment from the Bajaj Finserv family. You can choose from a variety of pre-approved offers that are made available to you on regular basis, which include a top-up loan, discounted interest rates, and much more.

  • Complete online access

    If you do not have the time to visit an authorized branch for every bit of information related to your loan, Bajaj Finserv has you covered. Through the company’s customer portal, you can access a detailed account that contains in-depth information about your loan.

So, get started on applying for your own equipment machinery loan with assistance from a handy equipment loan calculator, and then begin your application.

Apply for Business Loan Online Check your Business Loan Eligibility