Equipment Loan Service

Service Details

Description:-Power Your Business with the Right Tools & Machines At Vantage Capital, we understand that the right equipment can drive efficiency, growth, and profits. Whether you're in manufacturing, healthcare, construction, or any other sector, our  Equipment Loan offers the financial support you need to purchase or upgrade machinery and tools without straining your cash flow. Expertise Client-Centric Approach Customized Solutions Responsive Support Results-Driven Features & Benefits of Equipment LoanHigh Loan Amount:- Get funding up to 2 crore or more,depending on your business size and requirement.Flexible Tenure:- Choose repayment terms from 12 to 84 months, based on your cash flow and equipment lifespan.Finance for New or Used Equipment:-Loans available for both brand-new machinery and pre-owned equipment in good condition.Collateral-Free Options:-Unsecured equipment loans available for eligible businessesunder select limits.Quick Disbursal:- Get your loan approved and disbursed in as little as 3 to 5 working days.Wide Industry Coverage:-Available for various sectors like manufacturing, construction, medical, textile, agriculture, printing, and more.Eligibility Criteria for Equipment LoanAge:- Applicant must be between 21 to 60 years at the time of application. Business Experience:- Minimum 1 year of business operations required. Business should be actively functioning and capable of generating regular income. Income Criteria Proof of stable business income required through: Bank Statements Sales Records Financial Reports (P&L, Balance Sheet) Credit Score:- A CIBIL score of 650 or above is preferred for quicker and smoother approval. Loan Amount:-  Loan amounts range from ₹1 Lakh to ₹1 Crore, depending on business profile and eligibility. Rate of Interest:- Interest rates between 11.00% to 20.00% per annum, based on financial health and loan tenure. Loan Tenure:- Flexible repayment options from 12 to 84 months (1 to 7 years). Disbursement Time:- Quick disbursal within 3 to 5 working days after approval and document submission. Documents Requirement for Equipment LoanTo process your Equipment Loan application smoothly, please keep the following documents ready: KYC Documents (Identity & Address Proof) PAN Card of the applicant/firm (Mandatory) Aadhaar Card / Passport / Voter ID / Driving License Address Proof (Electricity Bill, Rent Agreement, or Passport) Business Proof:- GST Registration Certificate Shop Act License / MSME Certificate / Udyam Registration Partnership Deed / MOA & AOA (for partnerships and companies) Financial Documents Last 6 months' bank statements (business account) Latest 2 years' Income Tax Returns (ITR) Audited Profit & Loss Account and Balance Sheet (if applicable)