What Is an Equipment or Machinery Loan?
An Equipment or Machinery Loan is a type of business loan designed to help you purchase, upgrade, or repair machinery and tools that are essential to your operations.
Whether you're a manufacturer, trader, contractor, or startup—this loan gives you the power to scale faster without draining your cash reserves.
Why Take a Machinery Loan?
Expand your production capacity
Automate manual processes
Replace old or inefficient machines
Start a new production line
Stay competitive with modern tools
Features of Vizzve Equipment Loans
| Feature | Details |
|---|---|
| Loan Amount | ₹1 lakh to ₹50 lakhs (customizable) |
| Interest Rate | Starts at ~10% p.a. |
| Tenure | 12 to 60 months |
| Collateral | Optional (depends on loan size) |
| Processing Speed | Approval in 48 hours |
Eligible Industries
Manufacturing & Engineering
Textile & Garment Units
Food Processing
Healthcare & Diagnostics
Construction & Real Estate
Automotive Workshops
Printing & Packaging
Documents Required
PAN & Aadhaar
Business registration proof (GST, trade license, etc.)
Machinery quotation/invoice
Last 6–12 months’ bank statements
ITRs for 1–2 years (if applicable)
Benefits of Equipment Loans with Vizzve Finance
✔️ Quick disbursal so you don’t miss machinery deals
✔️ Minimal documentation – No hidden charges
✔️ Flexible EMI options to match business cycles
✔️ Up to 90% financing of machinery value
✔️ Loan tracking and management via Vizzve platform
FAQs
Q1. Can I get a machinery loan without collateral?
Yes, Vizzve offers unsecured equipment loans for eligible businesses up to a certain limit.
Q2. Is used equipment eligible?
In some cases, yes—especially if the asset has resale value and proper documentation.
Q3. Can I get a loan before placing a machinery order?
Yes. You can apply with a quotation or proforma invoice and get pre-approved funding.
Published on : 24th July
Published by : SMITA
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RBI-Registered Loan Partner | 10 Lakh+ Customers | ₹600 Cr+ Disbursed