Overview

Features and benefits of a Crust Corporate machinery loan

Machinery loans can be availed to either repay a faulty or broken machine or upgrade to a better version.
Some unique benefits of taking machinery/ equipment loans from Crust Corporate are:


Loans up to Rs.45 lakh
Loans up to Rs.45 lakh, to fund your

Unsecured Loan for machinery and equipment
No need for a guarantor or any collateral to avail equipment financing.

Flexi loan facility
A unique and innovative offering that allows you to manage your cash flows in a smarter and more effective manner. Flexi loan facility available of up to Rs.45 lakh.

Pre-approved offers
On a regular basis, we introduce pre-approved machinery finance schemes which may include a top-up loan or discount in interest rates, etc.

Online account access
On availing a loan for machinery or equipment from Bajaj Finserv, you will get online account access to all your loan information.

*Terms and Conditions apply

Eligibility criteria:

  • Self-employed individuals, proprietors, private limited companies, and partnership firms working in manufacturing, trading, or services.
  • Individuals who have been engaged in the current business for at least three years with a total of five years of business experience.
  • Individuals should be at least 22 years of age while applying for the loan, and less than 65 years of age at the time of maturity.
  • Enterprises with a minimum turnover of `10 Lakhs.
  • Enterprises making profits for the past two years.
  • Enterprises with a Minimal Annual Income (ITR) of `2 Lakhs per year.

If your requirement is for more than `50 lakhs, we offer Equipment Funding that are secured with property. The eligibility criteria, interest rates and documentation in such cases will be different.

Please note that the above list is not exhaustive. There might be additional documents required for the Equipment Funding at the time of verification, depending on your application and the company’s policies. Speak with a customer care representative to learn more!

What are the customer profiles considered for Equipment Funding eligibility?

  • Self-employed professionals (SEP): Chartered accountants, architects, company secretaries, and allopathic doctors who are currently engaged in their profession.
  • Self-employed Non-Professionals (SENP): Under this profile, we consider retailers, proprietors, service providers, traders and manufacturers.
  • Entities: Any private limited company, limited liability partnership, partnership, or closely held limited company is eligible to apply for a business loan. For entities whose requirements are more than `50 lakhs, please visit Loan Against Property for SME.

Borrowing for your business is always a positive step that can help you move faster. Our customised Equipment Funding interest rates and fees are tailored to suit every customer as per his or her individual profile and requirement. Thus, no matter what your need is – working capital, purchase of new machinery, business expansion or debt consolidation, our affordable solutions will ensure that you can meet your Equipment Funding requirements in the easiest and most convenient manner.

Crust Corporate offers affordable Equipment Funding solutions. Upon receiving your application, you will firstly be evaluated for eligibility as per our policy at the time of loan application based on the information you provide us. If deemed eligible, our representative will get in touch with you to understand your requirements in detail and set up an appointment for document collection. Depending on what you require, your credit score, business turnover and other financials, we will arrive at the best possible Equipment Funding interest rates that can be offered to you. 

Read on to know more about our Equipment Funding interest rates and other charges. 

To know more, please feel free to get in touch with us through our customer care centre, or visiting us at your nearest Crust Corporate branch. 

Crust Corporate Equipment Funding Interest Rates

Interest Rate 17-21% Interest Rate (depending on several factors including location, net income, business stability, collaterals, existing monthly obligations, etc.)
Loan Amount Up to Rs. 50 Lakhs*
Loan Tenure 12-60 Months
Proceeding Fees Up to 6.5% of the Loan Amount
Customer Type Proprietor / LLP/ Pvt Ltd / Partnership / Public Ltd

Equipment Funding Fees & Charges

Here’s a table of Fees and Charges for Crust Corporate Equipment Funding to help you understand the same in detail

Fee Type Applicable Charges
Delayed EMI Payment Interest
( per month of delay, every month)
As stated under additional interest charge**
Collection of Cheque/Cash
(per collection)
300
Cheque /ECS dishonoured Charges
(per dishonour of cheque/ECS per presentation)
300
Swap Charges- for replacement of Post-dated cheques to ECS
(per instance)
500
Swap Charges- for replacement of ECS to ECS
(per instance)
500
Loan Cancellation charges
(loan cancelled before first EMI)
1000
Foreclosure Charges  
0 to 6 EMIs fully paid Not allowed
7 to 17 EMIs fully paid 7%
18 to 23 EMIs fully paid 5%
24 to 35 EMIs fully paid 3%
36 or more EMIs fully paid 0%
**Additional Interest (applicable for payment defaults): Rate
For all loans 2% of the overdue EMI amount per month calculated on a daily basis

*Terms and Conditions apply

Documents Required for Equipment Funding

To receive an approval for your Equipment Funding, you will need to submit the following documents:

Identity Proof

For a company, firm or individual - a valid identity proof and PAN Card

Address Proof

Voter ID Card, Ration card, Passport, or Driving License

Bank Statements

Latest Bank Statements for last 6 month

Income Documents

 This should include the latest ITR along with the computation of income, balance sheet, profit and loss account for the past two years. This has to be submitted after the requisite CA certification

Proof of Continuation

ITR/Trade license/Establishment/Sales Tax Certificate

Other Documents

Sole Proprietorship Declaration or Certified Copy of the Partnership Deed, certified true copy of the Memorandum & Articles of Association (certified by the company Director) and the Board resolution


The above is just a basic list. The actual list of Equipment Funding documents will depend on your profile, requirement and Crust Corporate’s policy at the time of application.

To know more, get in touch with us today via our toll free number 1800 103 6001 (between 9:00 AM - 7:00 PM on all days except Sundays and public holidays) or email us at namaste@crustcorporate.com

REQUEST A CALL BACK

We are here to help you always

Need help? Call our award-winning support team at 040 6666666666


Frequently Asked Questions

EMI refers to the ‘Equated Monthly Installment’ . It is the amount you will pay to us on a specific date each month till the loan is repaid in full. The EMI comprises of the principal and interest components which are structured in a way that in the initial years of your loan, the interest component is much larger than the principal component, while towards the latter half of the loan, the principal component is much larger.

Transferring your outstanding home loan availed from another Bank / Financial Institution to HDFC is known as a balance transfer loan.

Any borrower who has an existing home loan with another bank/HFI in which he/she have had a regular payment track of 12 months ,can avail a balance transfer loan from HDFC.

Yes. You are eligible for tax benefits on the principal and interest components of your balance transfer loan under the Income Tax Act, 1961. As the benefits could vary each year, please do check with our Loan Counselor about the tax benefits which you could avail on your loan.

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