Bajaj Finance Machinery / Equipment Loan
Bajaj Finance, an NBFC established in 1987 and headquartered in Pune, offers a machinery and equipment loan with interest rates ranging from 14% to 23%. The maximum loan amount is ₹80 lakh, with tenure between 12 and 96 months, and a prepayment penalty of 4.72% applies. Under the ECLGS 5.0 scheme, a sub-rate of 8% to 13% is available.
A Flexi facility charge of ₹999 to ₹16,999 is payable upfront. Required documentation includes KYC for the applicant and co-applicant, income proof, proof of business existence, 2 years of ITR plus 1 year of bank statements, and a machine quotation. Rate type, processing fee, minimum loan amount, minimum CIBIL score, and borrower age and salary requirements are not published for this product.
Documents required
- KYC applicant+co-applicant
- income proof
- business existence proof
- 2yr ITR+1yr bank stmt
- machine quotation
As published by Bajaj Finance. Your branch may ask for more.
Eligibility
Loan terms
- ECLGS 5.0 sub-rate 8-13% available
- Flexi facility charge Rs999-16999 upfront
Fees & charges
FAQ
Every row is date-stamped with the day we last checked it, and links to the lender’s published material so you can confirm it yourself. A row we confirmed against the source reads “Verified”; one we could only sight reads “as of”, and is not presented as confirmed. Anything we have not re-checked in 60 days is marked “rate under review” rather than left to look current. We do not claim a fixed re-checking cycle — the date on each row is the honest answer.
No. Viewing rates is not a credit enquiry and has no score impact. A hard enquiry happens only when you formally apply to a lender.