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Bajaj Finserv Equipment Loan
The Bajaj Finserv Equipment Loan is a strategic financial solution designed to empower businesses across various sectors that need to buy, lease, service, repair, or modernize their machinery and equipment. This financing option is particularly beneficial for industries including manufacturing, engineering, construction, healthcare, and hospitality, among others.Powered By
Bajaj Finserv Equipment Loan
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Here are a few factors
| Location | 50Km from Branch |
| CIBIL Score | 720+ |
| Applicant | Doctors & Health Care Facility Promoters |
| Loan Amount & Tenure | 10
Lac-6 Cr (1 Year to 7 Year) |
| Loan to Value(LTV) | Upto 90% |
| Type of Funded Equipment | Medical Equipment |
| Rate of Interest & Type | 11% to 14% (Reducing) |
| Processing Fees | 1% to 2% |
| TAT | 2 days |
| Foreclosure Charges | Upto 4%+GST |
| Applicant Age | 24 Year to 72 Year |
| Minimum Business Vintage | (i) MBBS/MD-1 Year(ii) Other-3 Year |
| Whether Co-Applicant Mandatory | Yes, If applicant is other than Proprietorship Firm |
| Part Payment Allowed | No |
| Product | Term Loan |
| Whether Collateral Required | No |
| Moratorium Allowed | Yes |
| Negative Profile | Other than Doctors & Health Care Promoters |
| USP | Unsecured Funding |
| Additional | (i)
For Used Equipment Loan ROI will be 12% to 16% & Tenure would be maximum
5 year subject to life of equipment (ii) Lease Financing not doing |
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
Documents required for Bajaj Finserv Equipment Loan
PAN Card
Aadhaar Card
Driving Licence
Loan repayment track (if any).
Vehicle details
Registered rent agreement
Current Job identity proof
Company ITR documents
Salaried income documents
Last 6month's bank statement
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Eligibility |
Documents Required |
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FREQUENTLY ASKED QUESTIONS
You can avail up to Rs. 50 lakh*, inclusive of various charges, with a flexible repayment tenure of up to 84 months.
The interest rate and fees are dependent on your credit profile, the loan amount, and the tenure. For current rates and charges, refer to the Bajaj Finserv website.
Follow these steps to apply:
Click 'Apply Online' to access the application form.
Simply provide some fundamental information and authenticate the One-Time Password (OTP) received on your registered mobile number.
Enter your KYC and business details.
Upload your bank statement for the last 6 months and submit the application form.
Wait for a representative to contact you with further loan processing instructions.
An equipment loan is a broad term covering loans for purchasing, leasing, maintaining, repairing, or upgrading any machinery or equipment for your business. Medical equipment finance is a specific type of equipment loan offered to healthcare providers for purchasing medical equipment.
No, the equipment loan is unsecured, meaning you do not need to provide any collateral or security.
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