Machinery Loan
Flexible machinery finance to power your business growth
Staying competitive often means investing in the right machinery and equipment. At Jessica Fincorp, our tailor-made Machinery Finance solutions help businesses of every size — from small-scale manufacturers to large industrial enterprises — access the equipment they need to grow, with flexible terms and competitive interest rates. Whether you need heavy machinery for construction, advanced production tools, or specialised equipment for your industry, our streamlined process lets you upgrade and scale operations without straining your cash flow.
Increased Productivity
Upgrade to modern machinery to boost efficiency and produce more in less time.
Cost Savings
Spread the cost of expensive equipment over time instead of paying the full amount upfront, preserving working capital.
Flexible Financing Options
Choose from fixed-rate loans, variable-rate loans, or lease financing to match your cash flow.
Tax Benefits
Benefit from tax deductions or depreciation advantages on machinery purchases in many cases.
Fast Approvals
A quick, streamlined approval process so you get funds without delay.
Competitive Interest Rates
Reduce your cost of borrowing with rates starting from 9% per annum.
Personalised Support
Dedicated guidance from eligibility to repayment throughout your machinery finance journey.
Eligibility Criteria
- Applicant's age must be between 21 and 65 years at the time of loan maturity
- Minimum business vintage of 2 years
- Good credit score and repayment history
- Open to small, medium, and large-scale businesses, manufacturers, traders, service providers, self-employed individuals/professionals, and select start-ups
Documents Required
- KYC documents of applicants/co-applicants: PAN Card, Aadhaar, Passport, Voter's ID, Driving License, or utility bills
- Business vintage and existence proofs (GST registration, shop & establishment certificate, or business license)
- Last 2 years' ITR and last 1 year's bank statement (6–12 months for higher amounts)
- Original, valid quotation/invoice of the machine(s) to be purchased
- Collateral documents where applicable, for higher loan amounts