Upgrade your manufacturing capabilities with our machinery loans. Finance new equipment, automate processes, and boost production capacity with flexible repayment options designed for capital-intensive purchases.
Note: (Fields marked with * are required)
Note: (Fields marked with * are required)
Combine your loan with these subsidies to reduce costs and maximize benefits
15% capital subsidy on technology upgradation
Collateral-free facility
15-25% on machinery cost
Additional subsidies for quality compliance
Find answers to common questions about our loan products and processes
A business loan to purchase equipment, plant, or machinery for your operations. It can cover new machines, technology upgrades, plant modernisation, and in some cases refurbished equipment. Installation, commissioning, and transport costs may also be included, subject to
lender policy.
Yes, if you are a registered MSME or manufacturer (proprietorship,
partnership, LLP, or company) with a viable business plan, basic financial
records, and Udyam registration (or eligible for it). Specific criteria vary by
lender and loan amount.
Banks typically finance 70–90% of machinery cost. You contribute the
remaining 10–30% as margin money. Under CGTMSE, collateral-free
loans may be available up to ₹2 Crore (guarantee coverage does not
imply automatic approval). LoanVittus estimates your eligible range
and matches you with suitable lenders.
Not always. Several options exist for collateral-free lending: CGTMSE-backed loans (up to ₹2 Crore without collateral, subject to eligibility), MUDRA loans (collateral-free by design), and select NBFC and private bank products based on cash flow and credit profile. For larger loan amounts or certain bank products, collateral or third-party guarantee may be required. LoanVittus identifies the most suitable options for your situation.
Some lenders do finance used machinery, but it must be valued by an
approved valuer, and the loan amount may be lower (50–70% of assessed
value). Remaining useful life matters. Not all banks offer this – LoanVittus
helps identify lenders who finance pre-owned equipment.
Machinery quotation, business registration, Udyam certificate, last 2–3
years’ financials and ITR, 12 months’ bank statements, PAN, Aadhaar,
and a DPR (which LoanVittus generates). For larger projects, banks may
also require site inspection reports or technical feasibility studies.
Banks need to see that the machine will generate enough revenue and
cash flow to repay the loan. A DPR presents this clearly – covering ROI,
incremental revenue, cash flow projections, and repayment capacity
(DSCR). Without it, most term loan applications are rejected or delayed.
LoanVittus generates bank-ready DPRs with these calculations built
in.
Typically 3–7 years, depending on machine cost, useful life, and your
repayment capacity. Some high-value capital equipment may get up to 10
years. Tenure is structured in the DPR to ensure monthly payments are
manageable against projected cash flows.
Yes. Banks usually require comprehensive machinery insurance (fire,
theft, natural disaster, breakdown) as a loan condition. The machine
serves as primary security, so insurance is mandatory. Factor the cost into
your total project estimate.
Yes. We analyse the likely reasons for your rejection, restructure your financials and projections, prepare a fresh DPR/CMA addressing the identified gaps, and help you reapply to the same or a more suitable lender. Many MSME loans are rejected not because the business is weak, but because the application was poorly structured or documentation was incomplete.
Yes, depending on the scheme: PMEGP offers 15–35% margin money
subsidy for new manufacturing units; CLCSS provides subsidy for
technology upgradation; state MSME schemes may offer additional capital
subsidy. Eligibility is subject to scheme guidelines and nodal agency
approval. LoanVittus automatically identifies applicable schemes for
your project.
Small loans (up to ₹25 Lakh): 10–20 working days. Medium loans (up to
₹2 Crore): 15–30 days. Larger projects: 30–45+ days. Timelines depend
on documentation completeness and whether valuation or site inspection
is needed. A complete DPR from day one reduces delays.
Indicative market rates range from 9–16% p.a., depending on your profile,
loan amount, and whether collateral is offered. These rates may vary
based on borrower profile, lender policy, and economic conditions.
LoanVittus does not set rates – the bank decides. Always compare offers
before accepting.
We prepare your bank-ready DPR, help organise your financials,
automatically match you with suitable lenders and subsidy
schemes, and assist with complete application preparation. Includes CMA
generation if working capital is also needed. We do not make lending
decisions – we help you present the strongest possible case to the bank.
