All kinds of equipment that facilitate production are must-have assets for business enterprises of any size. Manufacturers need financing in order to purchase business equipment to transform their production processes and make them more efficient. Manufacturers may also seek financing to repair faulty equipment or purchase upgraded versions.
These periodic upgradations or buying new machinery can drive business units to remain profitable and competitive. These types of loans from financial institutions are commonly classified as machinery loans.
At Fullerton India, we support small business owners and MSMEs by providing the working capital loan as well as customized machinery loans to ensure that they receive the right kind of financial support to grow their businesses.
Fullerton India is dedicated to offering machinery finance to small business owners looking for loans to purchase the equipment they need to take their operations to the next level. Our collateral-free MSME loans are highly suited to meeting the machinery requirements of our business clients.
We precisely understand the importance of availing this loan for our customers who need quick and convenient financial support to cater to their asset needs.
Take a look at the top features of Fullerton India’s machinery loan:
Remember to check your eligibility through our online business loan eligibility calculator. We have kept the paperwork to a minimum and disburse the equipment finance within a few days of signing the contract.
Here are some of the basic business loan documents that are required. Please note that depending on their availability and the nature of your business, additional documents may be asked for.
Applying for a machinery loan with Fullerton India is a simple and easy process. Just follow these step by step guidelines:
When your application is received by Fullerton India, a representative from the machinery loan department will get in touch with you within a designated timeline. All possible loan options will be discussed at this stage, along with the best interest rates, EMIs and loan tenures.
If you have more questions on how to get your equipment loan in India sanctioned, simply call the Fullerton India customer service team on our toll-free number 1800 103 6001 or email us on [email protected]. Alternatively, you can also visit your nearest Fullerton India branch to speak to a representative.