Equipment Finance

Get credit of up to Rs. 25 cr. for purchase of equipments, required for facility expansion, modernisation of existing plants and new projects.

Apply for Equipment Finance
Features and Benefits
  • Finance amount: Up to Rs. 25 cr.
  • Margin requirement: Flexible
  • Tenure: 6 months to 5 years
  • Security: Normally asset cover of 1.5 times
Eligibility and Documentation

Eligibility:

SME loans are offered to companies/partnership firms in select sectors like automobiles, auto-ancillary and food and agri-processing.

  • The company/firm must be in business for at least 3 years with profit in the last audited financial year
  • Greenfield projects can be considered only from established players in that business
  • Dealer inventory funding loans can be considered for established dealers of reputed automobile OEMs

Documents required:

  • Company profile including existing product range
  • Promoter profile including KYC details
  • Purpose of the loan
  • Security offered
  • Audited balance sheets of ┬áthe last 3 years

The credit officer might require additional documents during credit evaluation.
To apply, email us at SME.solutions@mahindra.com and we will contact you.