Check required document and eligibility criteria to apply for machinery loan
Capitalneed.com Machinery Loan has a simple and convenient loan process focusing on the current equipment requirements of your business. We have minimal documents required for a Machinery Loan which reduces the time required for loan processing. To assist you further in your loan application process, you can use our Machine Loan EMI calculator and find out your monthly loan instalments.
Know your Eligibility Criteria
| Eligibility Criteria |
Requirements |
| Age |
Applicant must be between 25 and 65 years of age |
| Citizenship |
Indian |
| Business Vintage |
Applicant must have a business vintage of at least 3 years |
Documents requirements for Machinery Loan
Documents for proprietorship firm
| Documents |
|
Requirement |
| KYC |
Firms KYC |
- Udyam Registration Certificate
- GST Registration Certificate
- Shop Act Certificate
- Factory Ownership Proof or Factory Rent Agreement
|
| Proprietors KYC |
- PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Residence Ownership Proof or Rent agreement
|
| Co-applicant's KYC |
- PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Residence Ownership Proof or Rent agreement
|
| Financials |
|
Latest 2 years Financials containing ITR, Computation Of Income, B/S,P&L, Audit Reports and Applicable Schedules |
| Banking |
|
- Latest 6 months bank statements of all active accounts(CA/CC/OD)
- All live loans sanction letters/RPS/ SOA's
|
| Other |
|
- Latest Proforma Invoice/ Machine Quotation along with Complete scope of Supply
- Work Order Copies/Orders in Hand
- Company Profile
- Passport Size photo, Mobile Numbers and Email ID's of Applicant and Co-applicant
|
Documents for partnership firm
| Documents |
|
Requirement |
| KYC |
Firms KYC |
- Partnership Deed
- Udyam Registration Certificate
- GST Registration Certificate
- Shop Act Certificate
- Latest Shareholding Pattern on Company Letterhead
- Factory Ownership Proof or Factory Rent Agreement
|
Partners
(Co-applicants) KYC |
- PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Residence Ownership proof(Latest Electric Bill) or rent agreement
|
|
| Financials |
|
Latest 2 years Financials containing ITR, Computation Of Income, B/S,P&L, Audit Reports and Applicable Schedules |
| Banking |
|
- Latest 6 months bank statements of all active accounts(CA/CC/OD)
- All live loans sanction letters/RPS/ SOA's
|
| Other |
|
- Latest Proforma Invoice/ Machine Quotation along with Complete scope of Supply
- Work Order Copies/Orders in Hand
- Company Profile
- Passport Size photo, Mobile Numbers and Email ID's of Applicant and Co-applicant
|
Documents for LLP
| Documents |
|
Requirement |
| KYC |
Firms KYC |
- Certificate Of Incorporation
- LLP Agreement
- Udyam Registration Certificate
- GST Registration Certificate
- Shop Act Certificate
- Latest Shareholding Pattern on Company Letterhead
- Factory Ownership Proof or Factory Rent Agreement
|
Partners
(Co-applicants) KYC |
- PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Residence Ownership proof(Latest Electric Bill) or rent agreement
|
|
| Financials |
|
Latest 2 years Financials containing ITR, Computation Of Income, B/S,P&L, Audit Reports and Applicable Schedules |
| Banking |
|
- Latest 6 months bank statements of all active accounts(CA/CC/OD)
- All live loans sanction letters/RPS/ SOA's
|
| Other |
|
- Latest Proforma Invoice/ Machine Quotation along with Complete scope of Supply
- Work Order Copies/Orders in Hand
- Company Profile
- Passport Size photo, Mobile Numbers and Email ID's of Applicant and Co-applicant
|
Documents for Company
| Documents |
|
Requirement |
| KYC |
Firms KYC |
- Certificate Of Incorporation
- MOA & AOA
- Udyam Registration Certificate
- GST Registration Certificate
- Shop Act Certificate
- Current List of Directors & Latest Shareholding Pattern on Company Letterhead
- Factory Ownership Proof or Factory Rent Agreement
|
Partners
(Co-applicants) KYC |
- PAN Card/Aadhaar Card/Driving Licence/Voter ID/Passport
- Residence Ownership proof(Latest Electric Bill) or rent agreement
|
|
| Financials |
|
Latest 2 years Financials containing ITR, Computation Of Income, B/S,P&L, Audit Reports and Applicable Schedules |
| Banking |
|
- Latest 6 months bank statements of all active accounts(CA/CC/OD)
- All live loans sanction letters/ RPS/ SOA's
|
| Other |
|
- Latest Proforma Invoice/ Machine Quotation along with Complete scope of Supply
- Work Order Copies/Orders in Hand
- Company Profile
- Passport Size photo, Mobile Numbers and Email ID's of Applicant and Co-applicant
|
