2025-02-22

Equipment Finance

Equipment finance is to acquire the necessary equipment they need for their operations. It allows companies to spread out the cost of equipment over time, making it easier to manage cash flow. Business equipment loans may have terms ranging from several months to several years. the terms vary based on the type of equipment under lease and the credit strength of the borrower or lessee.

Rates
Equipment financing rates track prevailing market rates, that interest rates have recently experienced steep increases. our clients greatly value our creative, consultative approach. It allows us to find financing solutions that work for individual clients.
Benefits
Equipment financing offers a number of benefits for businesses, allowing them to get the equipment they need at a fixed rate and for a fixed period of time.
A handful of lenders offering Equipment Finance offer up to 100% financing for new equipment purchase. However, the percentage of financing varies from lender to lender.
Equipment Finance is a secured loan and the equipment in question is considered as the collateral by the bank.
Primarily banks offer pre-approval to most borrowers under an Equipment Finance loan to provide a hassle-free and seamless procedure. Another benefit of Equipment Finance offers flexible repayment options depending on the business financial budget and prepayment ability.
Interest rates provided through an Equipment Finance loan are at competitive rates and depending on the borrower's creditworthiness. Most banks customise the interest rate as per the business requirement.
Conclusion:
It is essential to know what type of equipment and machinery is permissible to procure through an Equipment Finance Loan.
Generally NBFCs stands first to offer loan for Medical and Pharma equipment and Plastic Moulding Machinery.