Choose Biz2Credit for easy and simple equipment financing.
Equipment financing is an important aspect of every small business. Most of the business-owners face shortage of capital for purchasing or leasing business equipment. In India you can avail equipment financing loan for various businesses like construction, restaurant, IT, transportation, to name a few.
Eligibility Conditions and Loan Amount
To secure a business equipment loan online, you should be a permanent resident of India. Your business should be at least 5 years old, and it should have an annual turnover of INR 2 crore. The minimum amount for equipment financing is INR 15 lakh and the maximum amount is INR 2 crore. The rate of interests for this loan ranges from 15% - 16%. All SMEs and other business entities are eligible for these loans. The minimum age of the applicant should be 18 years and the maximum years should be 65 years.