Upgrade Your Products Or Operations, With Machinery Finance Solutions From SIDBI
Key Features
- Quick sanction of machinery loan through automated platform using GST returns, ITRs, Bank Statement and CIBIL score.
- Loan amount up to Rs. 3 Crore with immediate in-principle offer.
- Upto 100% financing with 25% security in the form of fixed deposit.
- Processing fees of 0.50% plus applicable GST.
- MCLR Linked attractive rate of Interest.
- Repayment upto 60 months.
Eligibility
- MSME units in operation for at least three years.
- Mandatory Udyam & GST registration.
- No defaults to Bank/FIs.
Key Features
- Assistance for purchase of plant & machinery and miscellaneous fixed assets.
- 100% financing for loans upto Rs. 15 crore with security of 25% in form of fixed deposit.
- Financing upto Rs. 15 crore subject to maximum of 75% of the project cost under promoter contribution model.
- Financing for second hand/ refurbished machines also allowed subject to compliance of standard guidelines.
- MCLR Linked attractive rate of Interest.
- Repayment upto 84 months with moratorium upto 12 months.
Eligibility
- MSMEs having minimum 3 years of operation.
- Cash profit in last 3 financial years.
- No defaults to Bank/FIs.