What is a Machine Loan?
Machine Loans help you buy new or used machinery without collaterals in an easy and simple way. You can purchase machines like VMC, CNC, blow molding, injection molding, embroidery machines, printing and wood cutting machines through this loan.
Features of EFL- Machine Loans
Maximum
Loan Amount
Up to 75% of equipment value
or Rs. 3Cr (whichever is lower)
or Rs. 3Cr (whichever is lower)
1
Loan
Term
5 years
2
Interest
Rate
Flexible and based on
customer profile
customer profile
3
Speed of
Getting a Loan
Within 7 working days
4
No Collateral
Required
No need of additional
collateral
collateral
5
- Who can get
- Benefits
- Why choose EFL
- How to apply
Industrial & Residential :
How can you improve your chances of getting a Machine Loan?
**Based on past EFL customers.
*The above parameters will improve the chances of getting a loan but are not mandatory
*The above parameters will improve the chances of getting a loan but are not mandatory
Benefits of Machine Loan
Cost will get paid from profits generated from the machine
Stress on working capital reduced.
Reduces stress on working capital
Why choose EFL for a Machine Loan?
