Machinery & Equipment Financing

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Are you looking to buy any Machinery & Equipment?
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  • Procedure
  • Eligibility Criteria
  • Documents Required
  • Benefits
  • Time Period
  • AKT Advantages
Procedure
1

Apply online by submitting enquiry form or send email on cs@aktassociates.com

2

We will connect with 21+ Bank and NBFC with your proposal.

3

We will submit required documents and negotiate.

4

Loan approved.

Eligibility Criteria

Must be over 18 years of age.

Applicant should be an Indian citizen
Minimum Turnover 60 Lakhs per annum
Business is operating at same place from last 2 years
CIBIL score must be above 700.
The applicant must not have defaulted on any other bank/NBFC’ s loans.

Documents Required

With AKT, you can put an end to tedious documentation. All that you need are:

  • Promoters/Proprietor/Partners KYC such as PAN Card, Aadhar Card and Address Proof.
  • Business KYC such as Pan Card of business (If any), Partnership deed/ COI/ Shop & Establishment certificate.
  • Address proof for Business such as Rent Agreements, Lease deed, Electricity bill, etc.
  • 12 month Bank Statement.
  • 2 years IT return with Balance Sheet and P&L.
  • GST return for 1 year (If available).
  • Cancelled Cheque
  • Last 1 year IT Return with Balance sheet and Profit & Loss A/c

Note: – In case IT returns are not available we can help to prepare it for a separate fees.

Benefits

No collateral or security is required.

Best option for expansion in capacity and production
Easy EMI repayment.
Quick 5-10 days processing.

Time Period

5-10 working days

AKT Advantages

Extensive network of Banks and NBFC

Quick turnaround time
Faster Loan approval and disbursment
End to end expert support from documents to disbursement

Machinery & Equipment Financing- An Introduction

Many times a business needs machinery or equipment to either start manufacturing or to increase the capacity. With a Machinery and Equipment loan at 100% financing can be done to procure required Machinery and Equipment, It is, not only increase the capacity but also does not impact the working capital of the business. We are specialized in arranging Machinery and Equipment loan and can arrange a loan from the network of more than 35+ banks and NBFC at a very competitive interest rate. AKT Associates ensure proper proposal and documents are submitted for quick approval of the loan. Another point to note this loan can also be taken for buying commercial vehicles or specialized vehicle.

Let it clear the confusion

Frequently Asked Questions

What is the rate of interest charged on loans availed under this scheme?

The Interest Rate charged will depends on credit rating and nature of business which can vary from 8.5% to 18%

How the loan will be paid back?

There need to be open an Bank A/c, from where monthly EMI will be deducted by bank.

For what purpose I can use this loan?

You can only use this loan only for intended purpose, i. e. buying of Machinery or Equipment. No other purpose use will be allowed.

Why should I take this loan?

The most obvious reason is that generally buying a machinery involves a huge onetime investment which is not possible for small business without taking financial support. A machinery Loan helps to aquere it without disturbing cash flow of a running or new business. So it gives you an option of pay as you earn from the machinery or equipment you bought.

What is duration of this loan?

This depends on life of equipment/Machinery/Vehicle to be purchased. As the Machinery itself is colletral the loan extended is depends on useful life of that equipment.

Why AKT Associates?

Expertise - That Counts

We are handling more than 1500+ successful clients and providing them with services which covers Legal, Technical, Taxation and other business compliance part. That all says a lot on our ways of working and our expertise in the area.

Experience - That Matters

At AKT associates we have been our client’s obvious choice since more than 20 years. For serving you with the best results we use our experience of decades which has exposed us with deep understand.

Efficiency - That reflects in everything

With a strong team which comprises of experts with qualification like CA, CS, MBA & LLB and they will all available with the wholesome result, with dedicated customer service team and support staff. We are always there to execute your work efficiently.

Cost - That saves a Lot

We touch the top position not just because we are the best in what we do but also because we know the value of your time and money. We know the value of your time so all the work by AKT Associates is performed on time and at around 70% less cost in comparison to all the other leading firms of the market that too without compromising on the quality aspect.

Conveniences - That says a Lot

The services of the firm are performed and delivered by using the cutting edge technology which makes the AKT Associates always available & deliver services right in your email. So it doesn’t matter where you are because we are always at your finger tips.

We Deliver to You,
Cost Advantage
Convenience
Profitability
Growth
Clients
Team of Professionals
Presence in Cities
Assignments

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