Empower Your Business with Equipment Loans from Deepshikha Finance
Deepshikha Finance Equipment Loan
Unlock the full potential of your business with Deepshikha Finance’s Equipment Loan. Whether you’re aiming to upgrade your machinery, invest in new technology, or expand your operational capabilities, our equipment loan for business provides the financial support you need to make significant advancements.
No Running Between Banks
Goodbye to endless bank visits. With our online process, apply from the comfort of your office or home.
Online Process
A fully digitalized application process that saves you time and spares you the paperwork.
Fast Approval
Get quick approvals for your business financing needs and maintain your business momentum.
Easy Repayment Options
Flexible repayment plans that adapt to your business cash flow and financial structure.
Lowest Processing Fee
Our processing fee starts at 1% which is lowest in the industry.
No unnecessary calls
We know unnecessary calls are frustrating. We don’t bother our clients with unnecessary calls.
Equipment loan eligibility
| Loan Amount | Applicants must be between 21 and 65 years of age. |
| Flexible Tenure | Eligible entities include individual corporations, sole proprietors, and private companies in the trading, production, or services sector. |
| Competitive Interest Rates | Benefit from interest rates starting as low as 8.5%* per annum. |
| Swift Disbursal | With our streamlined process, the funds could be in your account in just 2-7 business days*. |
Equipment loan processing fee
Processing Fees: 1 – 2.5%, determined by your loan eligibility.
Securing an equipment loan from Deepshikha Finance is your gateway to advancing your business capabilities and competitive edge. Our processing fees, set at a modest 1 to 2.5% based on your specific loan eligibility, ensure that the financial step towards upgrading or acquiring new equipment is as light on your budget as possible.
*Terms and Conditions Apply. Interest rate and loan approval are subject to eligibility and creditworthiness. And the disbursal time may vary.
Equipment Loan Process
1. Submit Your Application:
Get started by filling out our online form and providing the necessary documentation.
2. We Match You:
Our experts will review your profile and match your business with banks that can offer the best rates.
3. Relax, While We Handle the Rest:
We take care of the loan approval process, so you can focus on what you do best—running your business.
Equipment loan eligibility documents
| Personal KYC | A PAN card for identity verification. |
| Address Proof | Any valid proof of residence, such as a Rent Agreement, Driving License, or Aadhar Card. |
| Bank Statements | The last 6 months of current account bank statements for financial assessment. |
| Business KYC | GST certificate or establishment certificate |
Apply for Your Equipment Loan Today
Investing in the right equipment can dramatically enhance your business’s productivity and profitability. With Deepshikha Finance, you can navigate the equipment financing process with ease, ensuring you get the support you need when you need it. Apply now and take the first step towards upgrading your business equipment without financial strain.
Other Business loans
Business Loan
Unsecured Business Loan
Small Business Loan
Project Loan
MSME Loan
Commercial Vehicle Loan
Frequently Asked Questions (FAQs)
What is an Equipment Loan?
An equipment loan is a financial product designed specifically to help businesses finance the purchase of new or used equipment. This can include machinery, vehicles, technology, and any other essential tools required for business operations.
Who can apply for an Equipment Loan?
Equipment loans are available to business owners, both salaried and self-employed individuals, who meet the eligibility criteria. This includes having a stable employment or business operation and fulfilling the financial requirements specified by Deepshikha Finance.
How much can I borrow with an Equipment Loan?
You can secure funding from ₹1 Lakh up to ₹10 Crore with an equipment loan from Deepshikha Finance, depending on your eligibility, the value of the equipment, and your repayment capacity.
Can I apply for an Equipment Loan online?
Yes, you can apply for an equipment loan online with Deepshikha Finance. Our digital application process is designed for your convenience, allowing you to apply from anywhere at any time.
Is collateral required for an Equipment Loan?
Deepshikha Finance offers both secured and unsecured equipment loans. The need for collateral will depend on the loan amount, the type of equipment being financed, and your creditworthiness.