+91 8595299017
loans@vfplcapital.com
This is the amount of loan given to small and medium businesses for the purchase of new machinery or equipment. Any business holder who wishes to expand the old business by introducing new machines or want to purchase machines for the new business set up can avail this loan facility.
Features
- Loan tenure of up to 6 years.
- Machine to be purchased becomes the primary collateral
- Low processing fee up to 2% of loan.
- Interest varies up to 24% p.a.
Eligibility
Proprietorship/ Partnership/ Limited Liability Partnership/ Private Limited Company/ Limited Company Business Vintage minimum 3 years.
Documents
- Application Form
- Photograph
- Identity Proof - Voter ID card / PAN Card / Passport / Driving License / Aadhar Card / Govt. issued document
KYC Documents
- Income Proof – ITR and other financial records for at least 3 years.
- Bank Statement – Bank statement for last one year.
- Original & Valid Quotation of machinery to be purchased.
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