Machinery & Equipment Financing
Step 2: We will connect with 21+ Bank and NBFC with your proposal.
Step 3: We will submit required documents and negotiate.
Step 4: Loan approved.
Loans under Standup India are provided only to individuals who comply with the following 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.
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.
- No collateral or security is required.
- Best option for expansion in capacity and production
- Easy EMI repayment.
- Quick 5-10 days processing.
- 5-10 working days
- 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 a time a business needs machinery or equipment to either start manufacturing or to increase the capacity. With a Machinery and Equipment loan a 100% financing can be done to procure required Machinery and Equipment, It is not only increase the capacity but also does not impact working capital of business. We are specialized in arranging Machinery and Equipment loan and can arrange loan from the network of more then 35+ banks and NBFC at a very competitive interest rate. AKT Associates ensure proper proposal and documents are submitted for quick approval of loan. Another point to note this loan can also be taken for buying commercial vehicles or specialized vehicle.
Let It Clear The Confusion
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
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.