EQUIPMENT FINANCE

Overview

As a business owner, you spend each day with an unswerving focus on growing your venture. Naturally, you know all too well the importance of the right amount of capital, at the right time, to keep the ship sailing. More so, when it comes to purchasing equipment and machinery that is the lifeblood of your business.

Naturally, you also understand that the cost of acquiring certain essential equipment may be high, capable of exhausting the working capital. Whether yours is a start-up, an emerging, or an established business, you can avail easy Equipment Finance solutions, designed exclusively for ambitious business owners seeking funding minus disruptions to the business’ cash flow. Simply pledge an equipment as collateral and get easy financing!

Tata Capital’s Equipment Finance Solutions

Term Loans

Tata Capital’s equipment term loans are designed to offer 360-degree financial support to your business. Use the loan product to fund your business’ on-going expansion needs, repay high-cost debt, upgrade technology and machinery, invest in R&D, leverage specific cash streams that accrue into your company, and supplement working capital.

Benefits

    • A good Loan to Value of 70 to 80% of the equipment value – enjoy lower interest rates and easier accessibility to your equipment term loan
    • Enjoy attractive ROIs in the form of enhanced business productivity, faster turnaround time, happy customers, and higher profits
    • Customisable loan tenure to match your budget 
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Buyers’ Credit

Tata Capital offers a one-of-its-kind credit facility programme wherein Indian manufacturers are encouraged to explore new geographies of equipment purchase from the overseas supplier. Our buyers’ credit programme is a short-term loan offering wherein importers can receive credit from overseas lending institutions based on the issuance of a ‘letter of credit.’ Local importers can now have access to cheaper foreign funds as opposed to local funding sources that may be more expensive.

Benefits

    • A cheaper source of financing overseas purchase
    • Enjoy lower interest rates that are linked to LIBOR
    • Receive needed funds without exhausting working capital and existing lines of credit
    • No secondary collateral needed subject to company profile
    • Pay lower margin money when compared to banks
    • Option of structured EMI where moratorium can be given for the post-installation period 
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Digital Equipment Loans

Tata Capital offers a digital platform for machinery loans ranging between Rs. 10 lakhs and Rs. 1 crore. Customers can understand their loan eligibility within minutes and log onto the digital portal to apply for a loan.

Benefits

    • Collateral-free
    • Customisable tenure of 24 to 60 months
    • Pre-approved machinery loan offers
    • All-digital, fast, and hassle-free 
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Tata Capital Advantages:

  • Customised products to fund a host of business needs

  • Competitive interest rates

  • Faster loan and credit approvals

  • Quick and hassle-free all-digital application process

  • Flexible loan tenure

  • Simple documentation

  • PAN-India customer support via dedicated relationship managers 

Minimal Documentation for Availing an Equipment Loan

Simply furnish some basic documents in the on-boarding stage –

  • Purchase invoice for machinery/equipment

  • KYC and CIBIL record of the company and its directors

  • Bank statements for the last 12 months of business

  • Books of Accounts/audited financials for the previous 3 years of business

  • Sales data for the last 12 months

  • Existing Loan Declaration

  • Proof of residence/office 

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