₹5 Lakh to ₹5 Crore • 100% Equipment Funding • Quick Disbursal
A machinery loan is a financial solution designed to empower businesses to acquire or upgrade essential equipment without straining working capital. Machinery loans for MSMEs, startups, SMEs, and enterprises ensure businesses can enhance operational efficiency, integrate advanced technology, and stay competitive in the market.
Machinery loans are a type of business loan that can be used to buy new machines or upgrade existing equipment. Machinery loans help businesses overcome financial barriers, enabling them to scale operations without interruptions. With Fastter Finance, you can access machinery lending options from India's top-tier banks, NBFCs, and financial institutions. Whether you need a loan for machinery purchase or machinery finance for upgrades, we ensure your business gets the best deal with higher loan amounts, attractive interest rates, and flexible loan tenures.
Wide range of financing options
Digital & quick processing
Flexible repayment period
Competitive interest rates starting from 12% onwards with attractive terms for eligible businesses.
Loans can be availed for up to 100% of the equipment price, reducing your upfront investment.
The machinery itself serves as primary security. No additional collateral required in most cases.
Easy & quick disbursal process with minimal documentation and faster approval timelines.
Customized repayment options with flexible foreclosure and prepayment facilities.
Access to government schemes and subsidies for machinery purchases under MSME categories.
Unlock value of existing machinery assets
A Machinery Loan EMI Calculator is an online tool that helps borrowers calculate the Equated Monthly Installment (EMI) for a machinery loan. By inputting details such as the loan amount, interest rate, and loan tenure, the calculator provides an accurate estimate of the monthly payments, enabling businesses to plan their finances and manage cash flow effectively when investing in machinery.
Calculate Your Machinery Loan EMIFollow these simple steps to apply for a machinery and equipment loan online through Fastter Finance:
Visit FastterFinance.com, click on Loans and select Machinery Loan section.
Click Apply Now, sign in with your mobile number, and login via OTP verification.
Complete the Consent Form, agree to Terms & Conditions, verify with OTP.
Provide address, income details, and machinery loan requirements.
Select Fastter Finance Experts, continue with applied amount, and submit application.
Fastter Finance gets you the best deal that suits your business needs.
Note: With Fastter Finance, you can also explore options for loan against machinery to unlock the value of your existing assets and ensure uninterrupted cash flow for your business. As India's leading loan distribution company, we offer a wide range of MSME loans for machinery needs, providing a seamless process to secure financing for your equipment.
Interest rates typically start from 12% p.a. and vary based on loan amount, business profile, credit score, and relationship with lender.
Yes, the machinery being purchased typically serves as primary collateral. In some cases, additional security may be required for higher loan amounts.
MSME machinery loans often have special rates starting from 11.5% p.a. under government schemes and priority sector lending.
Top banks (SBI, HDFC, ICICI, Axis), NBFCs (Bajaj Finserv, Tata Capital), and specialized equipment finance companies.
Most banks and NBFCs offer machinery refinancing to help businesses get better interest rates or longer tenures on existing loans.
Age 21-65 years, credit score 650+, business vintage 3+ years, profitable operations, and valid machinery quotation.
Typically secured, with the machinery itself as collateral. Some lenders may offer unsecured loans for smaller amounts with higher interest rates.
Maximum tenure is 60 months (5 years) for most machinery loans, with some lenders offering up to 7 years for specific equipment.
Yes, most lenders offer loans for used machinery, typically with lower LTV (60-70%) and shorter tenure compared to new machinery.
Yes, various state and central government schemes offer subsidies, interest subventions, and credit guarantees for MSME machinery purchases.