Industrial Equipment Loan

Industrial Equipment Loan

Industrial Equipment Loan is a customized financial solution that helps businesses, factories, and manufacturing units acquire advanced machinery and equipment without heavy upfront investments. From production lines, heavy machinery, power tools, and material handling equipment to industry-specific technology, this loan ensures business expansion and productivity growth.

With flexible EMIs, quick disbursals, and business-friendly repayment plans, Relook Industrial Equipment Loan supports SMEs, MSMEs, and large enterprises in scaling operations. Whether it’s upgrading machinery, modernizing manufacturing units, or purchasing new technology, we provide financial strength to boost efficiency and output.

Timely investment in industrial equipment enhances operational efficiency, reduces downtime, and ensures higher profitability. Our Industrial Equipment Loan solutions make upgrading and acquiring expensive machinery simple, affordable, and stress-free.

0.50% to 2% of Loan Amount

Loan Processing Fees

Nil

Loan Cancellation

As per actual

Legal Fees

Nil to 4% (According to bank / NBFC)

Foreclosure

Features and Benefits of Industrial Equipment Loan

  1. Wide Usage:
    1. Finance available for heavy machinery, production lines, CNC machines, construction equipment, packaging units, power tools, and more.
  2. Affordable EMIs:
    1. Customized repayment plans aligned with business cash flow and seasonal demand.
  3. Flexible Tenure:
    1. Choose repayment tenure ranging from 1 to 10 years depending on machinery type and cost.
  4. Quick Disbursal:
    1. Fast loan approval with minimal documentation to avoid project delays.
  5. High Loan Amounts:
    1. Funding available for large-scale industrial upgrades and high-value machinery.
  6. Upgrade to Latest Technology:
    1. Stay competitive by financing modern equipment without financial burden.

Eligibility Criteria for Industrial Equipment Loan

At Relook Leasing & Finance Pvt. Ltd., we provide tailored loan solutions for industries and businesses. Here’s what you need to qualify:

Applicant Type:

Manufacturing units, factories, workshops, contractors, MSMEs, and other businesses are eligible.

Business Vintage:

Minimum 1–2 years of operations or industrial activity.

Income:

Stable business turnover and repayment capacity.

Credit Score:

A score of 675+ is recommended. Better scores ensure faster approval and favorable terms.

Equipment Details:

Quotation, invoice, or purchase order of the industrial machinery to be financed.

Documents Required for Industrial Equipment Loan

Please keep the following documents ready to apply for Industrial Equipment Loan with Relook Leasing & Finance Pvt. Ltd.:

  • Proof of Identity
    • Aadhaar Card / PAN Card / Passport / Voter ID / Driving License
  • Proof of Address
    • Utility Bills / Aadhaar Card / Registered Lease Agreement
  • Business Proof
    • Business Registration Certificate / GST Registration / Factory License
    • Partnership Deed / Company Incorporation (as applicable)
  • Financial Documents
    • Last 2–3 years’ audited financial statements
    • Latest 12 months’ bank statements
    • ITR (if applicable)
  • Equipment Documents
    • Quotation, Invoice, or Purchase Order of Industrial Equipment
  • Other Documents
    • PAN Card of promoters/owners
    • Recent passport-size photographs
    • Signature verification proof

Frequently Asked Questions – Industrial Equipment Loan

An Industrial Equipment Loan is a business loan designed to help companies purchase, lease, or upgrade machinery and industrial tools without blocking working capital.

Manufacturers, contractors, factories, workshops, MSMEs, and large enterprises can apply for Industrial Equipment Loan.

You can finance heavy machinery, CNC machines, construction equipment, power tools, packaging machines, and other industrial setups.

Relook offers flexible repayment options ranging from 1 to 10 years, depending on the type and cost of equipment.

Key documents include KYC, business registration, financial records, equipment invoice/quotation, and other standard proofs.

Yes, startups can apply if they meet the minimum eligibility criteria and provide required equipment and project details.

Check CIBIL Score EMI Calculator