Overview

In the day to day business operation, especially in the manufacturing sector, Machinery is the most important asset and every business wants to acquire new /latest machinery to increase the production and improve the profitability. In order to support and strengthen the manufacturing sector and also other verticals, the loan to purchase New Machinery is provided to profit earning companies and businesses. Equipment finance is extended to acquire new machinery only.

By machinery, it is not just plant and equipment to catalyse the productivity, but it can also be the purchase of computers, printers and other tools and equipment required in the office. As the equipment purchased can itself act as a collateral for such financing. Therefore, if you feel that you need a certain kind of machinery, and its presence can increase your sales and ROI, you can approach Jaldi Paisa for this purpose. Jaldi Paisa is supporting and funding the equipment purchase. In case, if you are looking forward to equipment purchase, here are a few documents that you need to produce to take the funding support forward.

Documents Required
  • Age proof of the Promoters
  • ID proof
  • Application form
  • Photograph
  • Residence proof
  • Income proof
  • Current repayment track
  • Work in hand/Contract copies
  • Signature verification proof
  • Existing vehicle ownership proof
  • Pro forma invoice
  • Business projections for the period for which the loan is required
EMI Calculator

Using Our Equipment Finance emi calculator, you can find out your Equipment Finance EMI easily.

Eligibility Criteria
  • Business Profits

    3 to 5 years of experience in the business

  • Age

    1 year minimum repayment track of commercial vehicles; or any other such construction equipment loan; or – up to 50% of a fresh loan request pending.

  • Credit History

    Two years of compulsory audit report of the company

Features & Benefits
  • Loan Coverage

    Funding between 10 lacs to 50 Lacs.

    1
  • Friendly Payment Tenure

    Payment tenure from 12 months to 60 months.

    2
  • Loan Availability

    1.5 times of the asset.

    3
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