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Machinery Equipment Loan

Expansion of Production capacity is inherent to your growing business.

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Machinery Equipment Loan

Expansion of Production capacity is inherent to your growing business. With Rupyz now you can avail machinery equipment loan with any additional collateral.

As a growing small and medium enterprise or as a mid corporate, your business could have various expansion needs. Whether for increasing the production capacity, technology upgradation or replacement of the existing & obsolete machinery and equipment. What ever your need, Rupyz has a solution.

Features
  • Loan amount up to INR 2000 L.
  • Loan to value (LTV) of up to 75% depending on the type of machinery.
  • Flexible repayment subject to min. of EMI amount .
  • Part payment & Prepayment facility without any kind of charges.
  • Loan tenure of 1 to 5 years. Completely flexible as per your business need.
Eligibility Criteria

No two business are same. While there are no fixed criteria, we have outlined below a few basic qualification criteria:

  • Business should have vintage or operations for at least 3 financial years.
  • Minimum Business Turnover or Revenue receipts of INR 1 Cr.
Documents Required
  • Income Tax return for last 2 assessment years.
  • Set of financials for last 2 years (Balance Sheet, Profit & Loss account, Notes & Schedules and Director’s & Auditor’s Report).
  • Provisional Financials for last financial year if not yet audited.
  • GST returns for current financial year.
  • KYC for the Company/Firm & Individual Partner/Promoters.
  • Main bank statements for last 6 months.
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