Machinery Loan for Business in Kerala

We are one of the leading providers of Machinery loan in Kerala, with a wide range of services and flexible options to meet the needs of our customers. Our goal is to provide the best Machinery loan services to our clients .

Places we provide machinery loan in Kerala :

Thiruvananthapuram
Kollam
Pathanamthitta
Kottayam
Alappuzha
Ernakulam
Thrissur
Palakkad
Malappuram
Kozhikode
Kannur
Kasaragod

Machinery loan we provide in other cities :

Chennai
Coimbatore
Selam
Thiruchi
Mangalore

We partner with some of the best Machinery loan providers in India to offer our customers a variety of options and competitive rates. Our team works tirelessly to provide you with the best possible Machinery loan experience and make the process of obtaining a Machinery loan as simple and stress-free as possible.

So, if you are looking for a Machinery loan in Kerala, look no further. Get in touch with us today to learn more about our Machinery loan services and how we can help you achieve your financial goals

An unsecured machinery loan can help a manufacturing unit in a number of ways

Higher Production
Improved Quality Product
Enhanced Profits
Fast Turnaround Time
Lower Defects
Lower Setting-up Time

What are the benefits of Machinery loan?

Machinery loan are a type of business loan specifically designed to help businesses acquire or upgrade machinery and equipment needed for their operations. Here are some benefits of machinery loans:

Access to modern and efficient machinery: Machinery loans provide businesses with the necessary funds to invest in modern and efficient machinery, which can help improve productivity, reduce operational costs, and enhance overall business performance. Upgrading machinery can also help businesses stay competitive in their industry and meet changing market demands.
Flexible loan terms: Machinery loans often come with flexible loan terms, such as competitive interest rates, varied repayment options, and customizable loan amounts, which can be tailored to the specific needs and cash flow of the business. This flexibility allows businesses to choose a loan that best fits their financial situation and repayment capabilities.
Quick approval and disbursement: Machinery loans are typically processed quickly, with faster approvals and disbursements compared to other types of loans. This allows businesses to quickly access the funds they need to purchase or upgrade machinery, minimizing downtime and keeping their operations running smoothly.
Preservation of working capital: Machinery loans allow businesses to preserve their working capital, which can be used for other critical business needs such as inventory, payroll, marketing, or expansion plans. By obtaining machinery loans, businesses can avoid tying up their cash flow in large capital expenditures, and instead, use the loan funds to acquire the machinery they need.
Tax benefits: In many countries, machinery loans may be eligible for tax benefits, such as depreciation deductions or investment tax credits, which can help lower the overall cost of acquiring machinery and equipment for businesses.
Improved credit profile: Timely repayment of machinery loans can help businesses establish a positive credit history, which can improve their credit profile and make it easier for them to access credit in the future for other business needs.
Enhanced operational efficiency: Upgraded machinery can lead to improved operational efficiency, reduced downtime, and increased production capacity, resulting in better product quality, faster delivery times, and potentially higher customer satisfaction and business growth.

Features

All loans are not created equal, Loans has become a great option for people to use.

Faster Loan

Cochin Financial Services helps you to get the loan faster than any other consultants! Starting from document prepartion, our main motto is to get you the money!

Choose amount

All charges are communicated up front in writing along with the loan quotation, and let us know how much money you want and we set strategy accordingly.

Enjoy the best rates

Our loan rates and charges are very attractive. We always get you loan for the best interest rates in the market. Its upto us to get you a hassle free loan.

Decide your tenure

As our loan rates and charges are very attractive, we help the clients to workout on tenure which never become a burden for them. We works for you.

Loan Eligibility

Customer Profile

Small and medium sized manufacturers, traders, and service providers engaged in various industries

Minimum Business Vintage

3 years

Property Ownership

Ownership of at least 1 property is mandatory

Frequently Ask Questions

If you have a question that deals with clients, customers or the public in general, there is bound to be a need for the FAQ page.

How will your bank decide your machinery loan eligibility?

Your bank will assess your repayment capacity while deciding the home loan eligibility. Repayment capacity is based on your monthly disposable / surplus income, (which in turn is based on factors such as total monthly income / surplus less monthly expenses) and other factors like spouse’s income, assets, liabilities, stability of income etc.

The main concern of the bank is to make sure that you comfortably repay the loan on time and ensure end use. The higher the monthly disposable income, higher will be the amount you will be eligible for loan. Typically a bank assumes that about 55-60 % of your monthly disposable / surplus income is available for repayment of loan. However, some banks calculate the income available for EMI payments based on an individual’s gross income and not on his disposable income.

The amount of the loan depends on the tenure of the loan and the rate of interest also as these variables determine your monthly outgo / outflow which in turn depends on your disposable income.

What is an EMI?

You repay the loan in Equated Monthly Installments (EMIs) comprising both principal and interest. Repayment by way of EMI starts from the month following the month in which you take full disbursement.

How does tenure affect cost of machinery loan?

The longer the tenure of the loan, the lesser will be your monthly EMI outflow. Shorter tenures mean greater EMI burden, but your loan is repaid faster. If you have a short-term cash flow mismatch, your bank may increase the tenure of the loan, and your EMI burden comes down. But longer tenures mean payment of larger interest towards the loan and make it more expensive.

Can you repay your machinery loan ahead of schedule? Is pre-payment of loan allowed?

Yes, most banks allow you to repay the loan ahead of schedule by making lump sum payments. However, many banks charge early repayment penalties up to 2-3% of the principal amount outstanding.

Prepayment penalty may vary according to the reasons and source of funds – if you obtain a loan from another bank for pre-payment the charges are usually higher than when you pay from your own sources. However, you may credit more than your EMI amount into your loan account on a periodic basis and bring down your interest burden as and when funds are available with you.

Most banks do not charge a pre-payment penalty if you deposit more than your EMI payable on a periodic basis. Please check such stipulations while availing the loan. cfc is the Machinery Loans for Business in Kerala .

Get a Quote

Now apply for a Loan online, All you need to do is provide your details below application form.

Machinery Loan

Best in the market!