Machinery Loan is a kind of business loan. It is availed to repair machines, replace a faulty machine with a new one or upgrade it with a better one.
Coimbatore is best among the commercially throbbing industrial districts of Tamil Nadu. Adhiban helps those industries around Coimbatore to keep their performance scale hiked by providing financial aid in the form of machinery loan to maintain and improve their equipments and appliances to sustain and increase productivity.
A Machinery Loan can be availed by every proprietor, partnership firms, private companies and listed companies that have a monthly turnover that is not less than 50,000.We provide bank loan with a nominal interest rate. The rate of interest are different for different loan.
Adhiban is south India's most preferred and trusted loan provider in Coimbatore. Adhiban has a direct selling association with all leading Banks out there in the market.
There are many banks and financial consultancy that claim to offer a machinery loan with low-interest rates. Adhiban helps you choose the best machinery loan in Coimbatore with a nominal interest rate. The interest rate starts at 12% on machinery loan.
Adhiban helps you borrow high-value machinery loan in Coimbatore without security that goes to dependent of the customer profile. Never settle for a value that is lesser than what your business profile deserves.
If you are facing some difficulties on your machine in your manufacturing unit while you have promised to deliver bulk order, then with Adhiban, avail your machinery loan at the fastest. Coupled with the Lowest processing time on a machinery loan with a span of just 5 to 6 working days, Adhiban makes certain that faulty machines don't slow you down.
With the fully digitized and automated online process, get instant approvals on your Machinery Loan and save a lot of your time and energy.
A five-year instalment of your Machinery loan doesn't always have to last five years. Save a huge interest in the Prepayment or Part Prepayment facility. Use your profit amount to pay a part of your loan sum or foreclose your loan before the end of your tenor and enjoy the quantum.
Machinery Loan can be elapsed for a longer-term that lets our borrowers pay a limited amount each month rather than requiting huge amount every single month that stresses out the borrowers. Adhiban counts as one of the longest tenure providers of the machinery loan in Coimbatore.
Adhiban charges a lot less processing fee than any other loan providers in Coimbatore. Adhiban doesn't charge a buck more than 2% of the entire loan amount.
Get machinery loans without providing any security or guarantee. The eligibility depends upon the profile of your company. Refinance is also available on the loan against machinery under some conditions.
Machines play a very big role in every Industry. It compromised the need for manual labour works and simplifies and hastens every operation and process. It is crucial to maintain the Machines in the best possible way. With the aid of Adhiban's Machinery Loan, spend on your machines upgrade and update them.
Below mentioned are some of the benefits of availing a Machinery Loan.
Increased Efficiency - You can produce more product with fault-free machinations with the help of Adhiban Machinery Loan.
Better Quality - Also, you could create products with improved quality by spending on Machinery.
Escalated and Hastened Profits - With quality machinery, you get an increased number of products with enhanced quality. You will be able to experience a fast and hiked turnover.
To avail the machinery loan, the Borrower must submit proper documentation to the lenders i.e, Adhiban. And it has been categorized as follows.
To avail the business loan, the Borrower must submit proper documentation to the lenders i.e, Adhiban. And it has been categorized as follows.
For identity proof, three documents are needed. Aadhar Card and Pan card is mandatory. Either Voter ID or Driving license must be attached as the third document for availing a Machinery loan.
For address proof, a Current address proof either gas bill or Aadhar card should be given.
If you are living in own house EB bill or property tax should be attached while applying for the Machinery loan.
If you are living in a rental house, a rental agreement or gas bill or bank statement can be given to get your machinery loan approved.
These documents are used by lenders for evaluating the machinery loan eligibility and estimating the maximum amount of machinery loan that borrowers can avail.
IT returns of the last two to three years, Documents and bills related to Goods and service tax payment, bank statement for the past year, RC or SSI certificate and a quotation that gives a clear picture on the price of the machine are needed for a machinery loan.
Coimbatore is a vibrant city. It is growing rapidly in all aspects. Coimbatore is rising from tire 2 city to the scale of a tire 1 city. Owning and managing a business in Coimbatore has its share of perks and detriments. Owning and maintaining machinery will have a great share of it. With Adhiban you can avail financial aid for machinery and other business needs
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