A Machinery Loan, also known as equipment financing, is a type of business loan specifically designed to help businesses purchase machinery and equipment.
Documents Needed
- ID proof: PAN card and passport of Indian and foreign directors, respectively
- Address proofs: Ration card or Aadhar card or driver’s license or voter ID
- Residence proofs: Bank statement or electricity bill of the premise
- Notarized rental agreement
- NOC from the property owner
- A copy of the sale deed or property deed (for an owned property)