Machinery/Equipment Loan
Title | Description |
Purpose | For Purchase of New or Equipment |
Type | EMI |
Eligibility | Any Person or company who have good repaying capacities |
Limit | upto 75 % of Quotation in new Equipment and upto 50% of Quotation in old Equipment and 50 lacs whichever is less |
Rate of Interest |
For rate of Interest click here |
Share Linking | As per Bank rules |
Security |
Mortgage of Purchased Equipment |
Guarantee | One or two who have own property as per bank requirement |