Industrial & Machinary Loan
Uplift your business and with latest machinery
INFORMATION
Industrial & Machinary Loan
An Industrial and Machinery Loan is a loan made to a business or corporation, and not to an individual. Industrial and Machinery loans provide either working capital or finance capital expenditure like machinery or a piece of equipment. It is usually a short-term loan and always backed by collateral.
Eligibility
Eligibility of borrower depends on the loan or finance requirement and specific criteria fulfillment of the loan type. Though there are some common points which one must consider prior to applying for a loan are as follows Income tax return and salary slip, Average bank balance, Location of residence or business work premises, Existing borrowing status, repayment history, CIBIL Score, selection of financial institution for fund requirement, project presentation and most important personal discussion with the authority where we play a key role with you.
- IT Return
- Salary Slip
- Residence Location
- Work Location
- Existing Borrow Status
- Repayment History
- CIBIL Score
- Selection of Bank/NBFI
- Presentation of Proposal
- Discussion With The Authority
FREQUENTLY ASKED QUESTIONS
Am I eligible for a loan? What is my eligibility ?
Yes, we help everyone to get a loan But there are some parameters which are considered as present borrowing, repayment capacity, history of repayment on which one can be given loan amount.
Will I be given a loan as I live in a rural
area ?
Yes, You will be given a loan though you live in a Rural area. Eligibility of loan depends on your income source, repayment history, assessment of papers submitted, presentation of the proposal here we will help you and most important selection of Bank to apply for proposal.
What is CIBIL Score? Where does it make an impact ?
A CIBIL, in short, is a judgment of how you pay a loan from the first day of borrowing it. CIBIL score very much matters while considering approval of loan from bank or finance company.
I am borrowing a loan for the first time, will I get loan ?
Yes, you will get a loan even if you are borrowing it for the first time. Here some more points like commitment to repay will be looked upon Assessment of a banker, presentation of the proposal will be considered.
Which bank will finance me ?
It depends on your requirement and presentation of proposal and requirement fulfillment of required documents. Moreover, points like IT return business vintage location on living, Income, Presentation of the proposal, Availability of Bank or Finance company on location, CIBIL Score.
What kind of property will be considered as a mortgage ?
Selection of a Bank is very important as every bank does not lend loans to all the property and every business. Assessment of property is done by their team as kind of property, shop, flat, bungalow, Gaothan property (Namuna 8) valuation.
We're Here To Help!
Office
PLOT NO.55, SR. NO.733-2A/18 1ST FLOOR NEAR ANAND MEDICAL,PARIJAT NAGAR, NASHIK-422005
info@rkloans.co.in
ravi@rkloans.co.in
Call Us
(+91) – 8999114369
(+91) – 9067661497