Overview of Product
Equipment Loan in Bangalore, India
Equipment financing, also referred to as asset finance, offers a pathway to obtain crucial equipment for your business, including vehicles, machinery, technology, and essential tools. The methods of acquiring this equipment vary. In certain scenarios, the lender maintains ownership, and you essentially rent it for business use.
On the flip side, you might possess the equipment while the bank utilizes it as collateral for the financing. Your decision hinges on factors such as accessible capital, depreciation advantages, and potential GST reclaims.
Features and Benefits
Why Chose Grab Capital ?
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Eligibility Criteria for Equipment Loan in Bangalore, India
Our Equipment Financing eligibility criteria at Grab Capital are thoughtfully crafted to simplify the application process, ensuring a hassle-free experience for you.
- Applicants must be aged between 24 and 65 years.
- ITR Statement for 2 years
- Business vintage for 3 years
Documents required for Equipment Loan in Bangalore, India
At Grab Capital, we prioritize your convenience. Our Equipment Financing application process is streamlined, requiring minimal documentation.
- KYC Document
- Business Address Proof
- Last 6 Months Bank Statement
Note: Please be aware that the list of eligibility and documents mentioned above for the fund is not exhaustive. Additional documentation may be necessary as part of the application and processing requirements.
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FAQ's
Frequently Asked Questions
Equipment Finance is a financing solution crafted for businesses to obtain necessary equipment by spreading the cost over time, providing flexibility in acquiring machinery, vehicles, technology, and more.
You can secure a financing amount of up to 80% of your equipment’s cost, depending on your eligibility for financing.
Certainly. The financing can be prepaid anytime after six months from the disbursement, with foreclosure charges applied.
A financing term of 48 to 60 months.
Businesses seeking to purchase equipment like injection molding, medical, or printing equipment can access Equipment Financing, provided they meet the eligibility criteria.