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Machinery Loans From SIDBI

Machinery Loans From SIDBI

To support the growth of manufacturing within the Micro, Small, and Medium Enterprises (MSME) sector, SIDBI offers specialized loans aimed at helping businesses purchase new or upgraded machinery. These loans come with several borrower-friendly features designed to reduce financial burden and encourage investment in productivity.

Key Benefits of SIDBI Machinery Loans:

  1. Collateral-Free Funding
    No need for additional security like property, LIC policies, or third-party guarantees.

  2. Zero CGT Premium
    Borrowers are not required to pay any Credit Guarantee Trust (CGT) premium under this scheme.

  3. Attractive Interest Rates
    Enjoy one of the lowest rates in the market — currently starting at 7.50% p.a., calculated as Repo Rate (6.50%) + 1% spread.

YOUR LOAN IN 4 EASY STEPS

We Make Simple Process To Get Good Results

01
Apply Online
Fill out a simple form with basic details.
02
Submit Documents
Upload required KYC and income proofs digitally.
03
Get Approval
Application reviewed and approved within 24 hours.
04
Receive Funds
Loan amount disbursed directly to your account.

FREQUENTLY ASKED QUESTIONS

Know Before You Apply

It’s a loan scheme for MSMEs purchasing new machinery for business expansion or modernization purposes.

Micro, Small, and Medium Enterprises engaged in manufacturing or service sectors can apply for it.

Most SIDBI machinery loans are collateral-free, especially under credit guarantee-backed lending schemes for MSMEs.
SIDBI offers competitive interest rates, usually starting from 7.5% depending on applicant’s profile.
Loan limits depend on business needs, typically going up to several crores under suitable conditions.
KYC documents, business financials, machinery quotation, project report, and promoter details are generally required.
Approval usually takes 10 to 15 working days after complete documentation is submitted and verified.
Yes, government subsidies may be available depending on the industry, region, or special schemes.
Yes, SIDBI supports eligible startups with machinery finance under specific terms and evaluation criteria.
SIDBI primarily finances new machinery; used equipment is usually not eligible under this loan scheme.

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