Equipment Loan


. Equipment Loan
There are many options of business and setting up a production plant, repair workshop, construction business and other large scale business require various types of equipments and machineries. In most of the cases the business owners need to take a loan for buying them. For this particular purpose, an equipment loan is essential.
There are many organizations as well as banks who provide equipment loan for setting up a factory or business to the customers. In most of the cases a lot of documentations are required for that and the loan process is lengthy and not so simple. There are a lot of complicated rules and regulations for availing this loan and is very hectic for the customers. We have identified this particular problem and have innovated simple yet effective procedure to provide the customers loan for their business equipment.
Any interested customer may visit our website to know about the rules and regulation of availing equipment loan for their needs. The required document list is also provided in our website. After submitting the documents, our experts do some necessary verification. Thereafter, we provide the loan to the customers. Visit us today to avail loan for your quick business equipment loan.

Documents required
Businessman
·         Financial statements for last two years
·         Residential address proof
·         Proof of Age Certificate (any ID proof)
·         Business Existence Proof
·         Bank statements for last six months
·         Copy of partnership deed (if any)
·         Passport size photograph
Salaried
  • Address proof.
  • Bank account statements for last six months.
  • Salary slips of last three months.
  • Age and identity proof.
  • Passport size photos.
·         Certified letter from Employer
Professionals
  • Address proof.
  • Bank account statements for last six months.
  • Salary slips of last three months.
  • Age and identity proof.
  • Passport size photos.
  • Tax returns documents.
Eligibility criteria for Equipment Finance
·         Monthly income: The monthly income must be a minimum of ₹12500/-.
·         Employment status: The business must be operational for at least 2 years.
·         Property value: Must own a minimum of 5 construction equipment.
·         Relationship with lender: Must have a good record with existing banks in terms of loan payment.
·         Age: Age must be within 21 to 55 years.
·         Credit history: The revenue of the business must be of minimum ₹50 lakhs. The business must also contain a record of loan of past 2 years.


Comments

Post a Comment

Popular posts from this blog

Used Car Loan

Used Car Loan Due to the rising price of cars there are many customers who are preferring second hand cars. Many second hand cars are available at amazing prices and are in great condition for use. Some customers also buy second hand cars for business but it is also a big investment though the initial funding is a lot less than buying a new car. But despite that, buying a car requires a lot of money. The best possible way to get the car will be applying for a used car loan. There are various banks as well as other organizations that provide loans for buying a used car. The idea is absolutely new and not many banks or organization have yet implemented it into their provided facilities. In addition to that, the organizations which are providing used car loans have very complicated rules and regulations which may unnecessary delay the whole process of availing the loan. We understand your needs of getting a second hand car and has added this feature for the customers. If you want ...
Read more

Common Reasons Why People Take Personal Loan

In a perfect world, the ideal would be that we all had enough money to cover the personal expenses that we need to pay, without having any kind of concern. However, unfortunately we know that this is not possible at all. Therefore, people consider personal loan to live their dream. Here are 10 reasons people take personal loans. #1. Buying a house This is one of the prime reasons why people request personal loans. And having a roof of their own is a fundamental human right and gives people a lot of economic and emotional stability, but sometimes the savings are not enough and it is at that moment when customers look for alternative ways of financing. #2.Travel Travelling is a hobby of millions of people. Whether traveling for emergencies or for adventure, shortage of funds, however, is always concern for people. Personal loans can offer a great escape to people traveler and adventure seeking souls. #3. Buying a Car/Vehicle This is also one more common reason becaus...
Read more