Pre-owned machine finance
Instead of buying new machinery with higher cost, SME’s and MSME’s normally opt for pre-owned machinery from existing running industrial unit. And thus can receive finance to buy pre-owned /used machinery to reduce cost.
Purchase of old or pre-owned Manufacturing infrastruction related machine/equipment.
Secured finance (hypothecation of equipment/machine for which finance is done).
Who Can apply
Private Ltd, Public Ltd, LLP, Proprietor
Business continuity proof of last 3 years.
Any Industry who intends to use machinery
1 year bank statement of the company.
PAN card of the company.
PAN card of the Promoters/Directors.
Business registration document.
Company address proof.
3 years balance sheet, P&L with audit report.
Party by sales record
3 years I.T.R of the company.
Machine PI copy.
Kind of machine