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AXIS Bank Equipment Loan
Industrial equipment loans help you to finance your industrial equipment requirements. With collateral-free Industrial Equipment Loans by Axis Bank, you can take out a loan against the purchase of your industrial equipment, which will facilitate the growth of your business as well. Axis Bank equipment loan helps you grow your business. Get the funding you need to purchase machinery, machinery parts, and tools for your manufacturing facility.Powered By
AXIS Bank Equipment Loan
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Here are a few factors
Save Your Time with a Simple Loan Process
Visit Our Website
For the first step, you will have to visit our website to explore the loan options that fit your needs.
Select and Apply
Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.
Submit Your Document
One of the most important steps. Now you will have to submit all the required documents digitally.
Enjoy Your Financial Freedom!
Once your application is approved based on your eligibility, you will receive your loan amount shortly.
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Required Eligibility to Apply for Axis Bank Equipment Loan
Required Eligibility to Apply for Axis Bank Equipment Loan
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The business vintage of the applicant must be Minimum 3 years in current profession
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The annual income of the business must Rs 3 lakhs
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The age of the applicant must be between 21 and 65 years.
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The business location must have been 24 months in the same location
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Either office or residential property is to be owned(If the office is rented, the unexpired lease period should be for a minimum of 2 yrs, and a waiver letter from the landlord is to be taken)
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Any other property ownership (except land/ under-construction/ part consideration) can also be considered but the property should be in the same city.
Required Documents to Apply for Axis Bank Equipment Loan
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KYC Documents
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Duly filled in application form signed by the customer
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Last 3 years ITR, P&L, and Balance Sheet
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Bank account statement of last 6 months
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PAN card/Form 60
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Pro forma invoice/ Quotation of equipment or machinery being purchased
