Machinery Loans
Buy new or used machinery.
About Machinery Loan
A machinery loan finances new or used equipment for manufacturing, processing, construction, healthcare or other businesses. The machine itself usually serves as security.
Lenders look at the supplier quotation, the machine’s expected life and resale value, and how the equipment will add to your income.
Estimate your EMI
Why consider Machinery Loan
Preserve cash
Spread the cost of equipment over its useful life.
Asset-backed
The machinery typically secures the loan, which can help with terms.
New or used
Many lenders finance both, with different terms for each.
What providers usually look at
- Operating business with a clear use for the machine
- Supplier quotation from a recognised vendor
- Ability to pay the down payment
- Cash flow that supports the EMI
- For used machinery: valuation and condition report
Every provider sets its own criteria. Meeting these does not guarantee approval.
Documents commonly requested
- Supplier quotation or proforma invoice
- Business KYC and registration documents
- Bank statements for the last 12 months
- Income tax returns and financial statements
- Project report for large purchases
- Valuation report for used machinery
Have these ready to speed things up. Your provider may ask for more.
How Fundslelo helps
- 1
Share your need
Answer a few questions about what you need.
- 2
Get a reference number
Track your request any time.
- 3
Review options with us
We explain which providers may suit you.
- 4
Apply with the provider
The provider assesses and decides.
Ready to explore Machinery Loan?
It takes a few minutes. We aim to respond within 12–24 business hours.
Questions about Machinery Loan
How much down payment is needed?
It varies by lender, machine type and whether it is new or used. The calculator lets you test different down payments.