What is Machinery Loan
With time, your machinery tends to grow older. You might need to replace it or upgrade some parts or buy a new one altogether. Sometimes, doing so might feel like an additional cost. But not anymore!
With Clix Capital, you can apply for a collateral-free Machinery Loan. At Clix, YOU decide the repayment tenure at your convenience. If you are a business with a turnover of Rs.1 Crore, you can get a loan from Clix and improve your efficiency without even touching your Working Capital.
Here is what Clix offers you!
Features & Benefits of Machinery Loans!
Higher loan disbursal amounts
With Clix, you can get a loan for machinery loan up to Rs. 50 Lakhs.
Completely superfast online processing
Sit at home and apply easily for a machinery loan.
Faster and Smooth disbursal
Once documentation is completed, your loan amount is disbursed as quickly as we can!
Collateral-Free Loans
No collateral, no problem. We do not need your belongings with us. Avail collateral-free loans with Clix.
Competitive interest rates
Our interest rates are competitive and depend on your previous credit history.
Extended loan tenure
If you cannot repay the amount in your selected tenure, you can extend your tenure and repay then.
Flexible Repayments
You decide your repayment schedule. At Clix, it is all about ‘YOU’.
Eligibility Criteria for Machinery Loans
| What should be my Age to get the Loan? | Between 21-65 years. |
| How old should my business be to avail the loan? | It should be at least 3 years old! |
| Do I need a credit score as well? | Yes. A CMR Score of 6 and a CIBIL Score of 700 would be enough! |
| What should be my Business Turnover? | It should be a minimum of Rs. 1 Crore |
Documents Required to Apply for a Machinery Loan
-Age criteria, -Business vintage years, -Last 2 years ITR, -Bank statement
Bank statement
- A bank statement covering the last 6 months will do the job!
Business registration proof
- This will tell us about your business’s requirements for you to avail the Loan.
Proprietor(s) PAN Card Copy
- A copy of the proprietor or owner’s PAN Card is needed for verification purposes.
Proprietor(s) Aadhar Card Copy
- A copy of an Aadhar Card will do.
Partnership Deed Copy
- A Partnership Deed Copy, if applicable, should be attached for verification as well.
Company PAN Card Copy
- A copy of your Company’s PAN Card will also be required.
How Do I Apply For A Machinery Loan
Fill out
the application form.
It takes only 3
minutes!
relax! You are on
your way to secure a
business loan.
How can I apply for a Machinery Loan?
- Select ‘Business Loan’ on our home page
- Click on ‘Apply Now’.
- Enter your phone number
- Submit the details along with the OTP you’ll receive
- You’ll get a call from the Clix representative for proceedings
Frequently Asked Questions
Is there any subsidy on machinery loans?
No, there is no subsidy on machinery loans.
Who can avail of Equipment Loans from Clix Capital?
A business with a turnover of Rs.1 crore which is running since the past 3 years, can avail a business loan.
What are the tenure options of equipment loan?
The tenure is between 12-48 months. However, you can also select your tenure as per your convenience.
Are there any hidden costs or charges for a loan application on Clix Capital?
No, there are no hidden charges. We are very transparent.
How do I calculate the EMI amount on the machinery loan?
You can calculate the EMI with our Business loan EMI calculator and plan your finances as per your needs.
Click here and get ready for success
Apply now for simple, fast, and accessible loans for business from Clix.
