Secured Business Loan for Machinery Purchase

The quality of your machinery can either make or break your business. While heavy machinery is expensive to buy initially, there are costs involved with maintaining the machinery that you must budget for. You may need to hire skilled servicemen and operators and pay them a fair salary. Parts will also need to be upgraded, replaced, or fixed from time to time. Each part of specialised machinery can come at a considerable cost. Use our secured business loan of up to Rs. 1.05 crore to buy the newest machinery for your company.

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Modern Equipment

MODERN EQUIPMENT

One of the biggest expenses for which you will need funds is to buy the right machinery for your business. Renting machinery is an option, but it can prove to be expensive in the long run. Invest in the right equipment from the start.

Better Productivity

BETTER PRODUCTIVITY

Streamline production by upgrading your systems to the most recent versions and buying newer, safer parts as they become available. Spend money on productivity software. With the right incentives, you can inspire your staff to aim higher.

New Technology

NEW TECHNOLOGY

Keep up with the technological changes in your business to create room for innovation. Try out different kinds of equipment to come up with new lines of products. Use latest marketing software to target new customer segments.

Business Expansion

BUSINESS EXPANSION

Make the most of opportunities by expanding your business to new locations. By buying or renting more equipment on a seasonal basis, you can increase production to meet higher market demands.

Improved Quality

IMPROVED QUALITY

Invest regularly in research and development (R&D) to test your product and develop better versions for your customers. R&D can be expensive because specialised equipment and more staff are needed. A secured business loan is an easy way to fund it.

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Frequently asked questions

What is the maximum amount of loan I can get?

Once you meet the eligibility criteria and submit the required documents, you can get a secured business loan of up to Rs. 1.05 crore (inclusive of insurance premium, VAS charges, documentation charges and Flexi fees).

What is the Flexi Term Loan facility?

Bajaj Finance offers secured business loan with the Flexi variants that allow you to withdraw money as per your requirement from a sanctioned loan amount. You will have to pay interest only on the withdrawn amount and not on the entire loan limit. With the Flexi Hybrid Loan, you can also part-prepay when you have extra funds without any additional charge.

Where can I find the loan account statement for my secured business loan?

We offer easy online access to loan statements through our customer portal, My Account. With the help of this portal, you can view and manage your loan account from anywhere in the world. You can also download the e-statements and certificates free of cost.

Can I apply for a secured business loan if I already have an existing loan?

You can apply for a secured business loan even if you have an existing loan. Please note that having multiple loans simultaneously may impact your credit score.

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