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Machinery Loans
in India

Manufacturing MSMEs can buy new or Used machinery to improve their production capacity and efficiency.

RBI registered company

Making Machinery Loans quick & easy

Make use of our Machinery Purchase Loans to buy new or Used machinery, and improve your business productivity, product quality and increase your turnover.

Tenure

12 to 60 months

Rate (On Reducing Rate Basis)Rate

Starts at 24%

Loan Amount

₹ 1 Lakh- ₹ 30 Lakhs

Finance for 

New or Used Machinery

Grow your business with our support

Purpose of Loans
Increase your business efficiency by purchasing new or Used equipment and machinery.

New Machine Purchase

Used Machine Purchase

Why choose Kinara Capital?

Get MSME loans from ₹1 lakh to ₹30 lakhs with a digital-first process in your preferred language.

CHECK ELIGIBILITY

Fast

Get your loan in just 24-hours

Flexible

Minimal and flexible documentation process

Friendly

Doorstep customer service to help you from start to finish

Find out your EMI amount in seconds with Kinara’s Machinery loan EMI calculator!

₹
₹1 lakh ₹30 lakhs
6
6 months 5 years
24%
24% 30%
₹ 17,853

Monthly EMI

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Business Loans for all MSMEs

We provide collateral-free business
loans to MSMEs across all sectors.

Manufacturing

Purchase raw materials and machinery to increase your business efficiency with collateral-free loans.
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Trading

Diversify your products, grow your inventory and draw more customers using collateral-free loans.
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Services

Stay competitive and keep your services up to par by utilizing collateral-free business loans.
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HAPPY CUSTOMERS

Meet our VikasChampions

With their grit & perseverance, small business owners go on to create local jobs and grow India’s economy. Here’s what they have to say about us!

Anand B
Sri Aarusuvai Food Products
With Kinara Capital’s support, our turnover grew by 150%, and we doubled our team, creating more jobs. I discovered them on social media, and five years later, I’m still a happy customer!
Venkateshwarlu Pottigari
Sri Aarusuvai Food Products
Thanks to Kinara Capital’s quick loans, my turnover has doubled from ₹10 lakhs to ₹20 lakhs. Their support has been key to my business growth.
Mithun K.N
Sri Aarusuvai Food Products
Kinara Capital provided the funding I needed at the right time, allowing me to restart operations and invest in raw materials. 

More about machinery loan

MACHINERY LOAN

What is Machinery Purchase Loan?

Machinery Purchase loans, are a form of financing that aid business owners in the purchase of machinery or equipment. Business owners can speed up production, improve quality and reduce turnaround time that can help them service more orders and increase sales.

DOCUMENTS REQUIRED

Documents Required for Machinery Purchase Loan

To apply for an machinery purchase loan from Kinara Capital, you will need the following documents:

• Applicant KYC (PAN required)

• Co-applicant KYC (PAN optional)

• Business KYC document (Udyam registration, etc.)

• Special License (e.g. Pollution NOC)

• Last 12 months of Bank Statements

• GST Return Filings (optional)

PROCESS

How can I utilize machinery loans to grow my business?

You can use an Machinery Purchase loan to purchase equipment if you own a business that requires specific machinery to operate, such as CNC machines, lathe machines, etc. These loans can help you expand your small business by increasing the production or operational capacity of your business.

HOW TO APPLY

How can I apply for a Machinery Purchase loan with Kinara?

You can apply now with myKinara app available on Android, or on our website. It takes only 1-minute to check your loan eligibility. You can also call us at our tollfree number 1800-103-2683 if you prefer requesting a local Kinara officer to visit you and help you complete the requirements.

BENEFITS

What are the benefits of a machinery loan?

The primary benefit of asset financing is that it lends business owners the ability to invest in expensive machinery and equipment without breaking the bank. Machinery used in production and other business activities are typically specialized and can be prohibitively expensive, if you don’t plan ahead for the expense. Instead of compromising on other business activities or making a dent in your cash flows by spending out-of-pocket on machinery, you can opt for asset financing to make the purchase. Kinara Capital’s Machinery Purchase loans let you buy both new and used machinery and pay for them in easy installments.

ASSETS AS COLLATERAL

How are machines used as collateral?

The process of pledging an asset to secure a loan is known as hypothecation. Kinara Capital doesn’t require any additional assets as collateral in order to issue a loan. Instead, in the case of Kinara’s Machinery Purchase loans, the machinery being purchased serves as a form of security. In this form of hypothecation, you will need to submit a machine purchase invoice and relevant documents when acquiring the loan. As long as you keep making your EMI payments in a timely manner till the loan is repaid, your ownership of the machinery will be completely secure.

Eligibility

Eligibility Criteria for Machinery Loan

Machinery loan eligibility is determined based on the sector and vintage of the business. In order to be eligible for a Machinery loan from Kinara Capital, your business should meet the following criteria:

  • Your company should be an MSME operating in the manufacturing, trading, or services sector.
  • The business should be in operation for more than 2 years at the time of applying for a loan.
  • The total monthly turnover should be greater than Rs. 50,000 and less than Rs. 4 crores.
  • Both an applicant and co-applicant are needed to apply for a loan.
  • The applicant should be between the ages of 21 and 65 in order to be eligible.

Interest Rate

Interest rate and charges on machinery loan

Kinara Capital’s machinery loans offer competitive interest rates and fees to meet the needs of MSMEs. Here are the key details:
1. Interest Rate
• Rate Structure: Starting at 24% per annum on a reducing balance basis. This means that interest is calculated on the outstanding loan amount, so as you pay down the principal, the interest cost also decreases, making it more affordable over time.
2. Loan Amount
• Range: Loans are available from Rs. 1 lakh to Rs. 30 lakh, allowing MSMEs to access funds needed for both minor and significant machinery upgrades or purchases.
3. Repayment Tenure
• Term Options: Borrowers can select repayment terms from 12 to 60 months, providing flexibility to align repayments with cash flow and business needs.
4. Processing Fees & Additional Charges
For details on processing fees and additional charges, refer to the Interest rate and charges policy page on the Kinara Capital website.

Frequently asked questions

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Machinery Loan