Loan Against Machinery: Avail Machinery Loan Up to Rs.5 Cr*

What is a Loan Against Property for Machinery?

A Loan Against Property for machinery is an financing option for borrowers seeking funds to address big-ticket expenses, especially business owners keen on investing in modern machinery to support their production and revenue generation. Borrowers can benefit from the sizeable loan sanction offered at a competitive interest rate that can be repaid over 15 years.

Loans Against Property  come with no end-use restrictions and can be used for any business purpose or debt consolidation, making it ideal for business owners as other loan options, such as a personal loan, would be comparatively more expensive.

Loans Against Property come with hassle-free eligibility parameters and minimal documentation requests – making it easier to secure approval on your Loan Against property application.

Loan Against Property for Machinery: Features and Benefits

The Bajaj Housing Finance Loan Against Property comes along with the following features and benefits:

Sizeable Loan Amount

Bajaj Housing Finance provides loan sanctions worth Rs.5 Crore* or higher, to eligible applicants, to allow them to address their financial needs without any hassles.

Balance Transfer Option

We offer easy balance transfer options that let you move your loan balance from your current lender to us for better interest rates. You can also avail of an additional Top-up Loan above your ongoing Loan Against Property.

Comfortable Repayment Tenure

You can enjoy an extended repayment tenure stretching up to 15 years to repay the loan without worrying about compromising your future financial goals.

End-Use Flexibility

A notable benefit of the Bajaj Housing Finance Loan Against Property is that it can be used to address any business or housing finances they may have, such as the purchase of new machinery or home renovation.

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Loan Against Property for Machinery: Eligibility Criteria

The eligibility criteria for the Bajaj Housing Finance Loan Against Property are direct and easy to meet:

Eligibility Parameter	Salaried Applicants	Self-Employed Applicants
Citizenship	Indian Resident	Indian Resident
Employment Type and Tenure	Should be employed with a public/private sector company, or a multinational organisation with a work experience of at least 3 years	Should be able to establish a business vintage of at least 3 years at the current enterprise
Minimum and Maximum Age	28 to 58 years**	25 to 70 years**

**The upper age limit is considered as the age at the time of loan maturity. Additionally, the upper age limit for applicants is subject to change, depending on the property profile.

Loan Against Property for Machinery: Documents Required

If you are applying for a Loan Against Property for machinery, you may need to submit identity proof, address proof, income proof, PAN Card or Form 97 (mandatory), and relevant property documents***. To view the complete list, click here.

***Additional documents may be required during processing.

Loan Against Property for Machinery: Application Process

If you’re looking for immediate funding to buy machinery, the Bajaj Housing Finance Loan Against Property is what can help the best. The loan amount can be deposited into your account within 72* hours from the time of application verification and loan approval. Apply for a loan today, using the following steps: