The machine is part of the file
A quotation, invoice, or proforma sits with the business papers so the lender can see what is being bought.
Home Machinery Loan
Equipment finance, placed with the right lender.
Term finance to buy, replace, or upgrade the plant and equipment the business runs on. VAP Money prepares the file and coordinates it with banks and NBFCs.
Overview
A machinery loan, matched to the asset.
Manufacturers, workshops, and service firms use a machinery loan when the spend is a machine, a capacity upgrade, or the replacement of old plant. The lender considers the asset together with the business cash flow.
The purpose is the equipment
A new machine, a line upgrade, or a replacement. The use is the asset the business will run, not a general personal draw.
The decision stays with the lender
Amount, interest, fees, margin, and tenure are quoted by the bank or NBFC after they assess the file. VAP Money coordinates that application.
Features and benefits
What the arrangement is meant to do.
Lenders that fund equipment
The quotation and the business file can be discussed with banks and NBFCs that consider plant and machinery.
Quotation before the application
Supplier details and the business’s income papers are gathered before the file goes in.
A person on the file
The VAP team stays with the application through the lender’s verification, until that lender sanctions or declines.
Repayment on the lender’s terms
EMI and any asset charge follow the sanction letter. We do not quote a rate until a lender has assessed the profile.
Eligibility and documents
What lenders usually ask to see.
These are the checks banks and NBFCs commonly apply to equipment finance. The final criteria, including margin and the asset, are theirs.
Eligibility
- A business investing in plant, machinery, or equipment it will use.
- A supplier quotation the lender can read.
- Cash flow and banking that can support the proposed EMI.
- A period of operations that meets that lender’s minimum.
Documents
- KYC of the firm and the promoters.
- Quotation or proforma invoice for the machine.
- ITRs, financials, and GST returns for the period the lender specifies.
- Bank statements, and any existing equipment list the lender asks for.
How to apply
Three steps from enquiry to the lender’s desk.
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01
Requirement
Share your name, mobile number, and what the loan is for. Use the form on this page.
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02
Papers
We tell you which KYC, income, and banking documents the matched lenders expect.
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03
Decision
The bank or NBFC verifies the file and decides sanction, rate, fees, and when funds are released.
Enquiry now
Tell us the machinery loan you need.
Submit the form and the enquiry is emailed to info@vapmoney.com. You can also call +91 98110 52842 or write to info@vapmoney.com.