Machinery Loan
Finance new or used industrial machinery — with or without collateral/security — for MSMEs across Gujarat.
What is a Machinery Loan?
A Machinery Loan is a targeted credit facility that finances the acquisition of industrial plant, equipment, and machinery — new or used (second-hand). Available with or without collateral: CGTMSE-backed options allow machinery loans without security or property mortgage, making it accessible for first-generation entrepreneurs. The machinery itself serves as primary hypothecation. Ideal for manufacturers in Ahmedabad, Rajkot, Surat, and across Gujarat looking to upgrade technology, add production capacity, or replace aging equipment.
Who is Eligible?
- Existing manufacturing MSMEs and mid-size enterprises
- Enterprises with at least 2 years of operations and positive net worth
- Purchase from OEM, authorized dealers, or verified used / pre-owned machinery markets
- Collateral-free eligibility under CGTMSE for loans up to ₹5 Crore
- Minimum turnover as per bank norms (typically ₹50 L+)
Key Benefits
- Available without collateral or security under CGTMSE guarantee cover
- Finance for both new and used / pre-owned industrial machinery
- Finance up to 100% of machinery cost (select schemes)
- Flexible tenure of 3–7 years
- Linked with CLCSS for additional 15% capital subsidy on eligible machinery
- Quick processing — often 10–15 working days
Documents Required
Step-by-Step Process
Need Assessment
We identify the machinery requirement and match it to the best loan product.
Documentation
We prepare the loan file including financial analysis and machinery quotations.
Bank Submission
Application is submitted to the shortlisted bank or NBFC.
Inspection & Appraisal
Lender inspects the unit and appraises the machinery value.
Disbursal
Loan is disbursed directly to the machinery supplier.
Interested in a Machinery Loan?
Tell us your requirement and we will assess your eligibility in 24 hours — for free.
Apply Now +91 97146 31847