Poonawalla Fincorp Ltd, a leading digital-first, customer-focused, and transparent loan products provider, is one of India’s fastest-growing NBFCs (Non-Banking Financial Companies). Specializing in asset-backed financing, the company provides financing solutions to support small businesses, MSMEs, and contractors across India. For companies and individuals that work in construction, manufacturing, or any other infrastructure projects, Poonawalla Fincorp is the perfect lending platform for quick and smooth financing of machinery and equipment.
Boasting an impressive maximum amount of up to ₹10 Crore, Poonawalla Fincorp has specifically tailored a Machinery Loan to finance the purchase of new or second-hand construction and industrial machinery to meet contractors and business owners’ growing demand. The loan is available at a low-interest rate starting from 9.99% p.a. with a long repayment tenure of up to 72 months, so that customers can plan EMIs based on their project cash flows, whether they want to buy an excavator, loader, batching plant, crane, or any other construction machinery.
Poonawalla Fincorp’s construction equipment loan also becomes more appealing as it does not charge any prepayment or foreclosure fee in case payment is made from your resources. It is a hassle-free loan for machinery borrowing that offers a fully digital 3-stage application process, with seamless approvals and no hidden charges, and with minimum documentation, it ensures the customer a hassle-free experience all the way through the borrowing journey. Poonawalla Fincorp has emerged as the gold standard financial partner of choice for MSMEs, civil contractors, and infrastructure firms looking for fast, flexible, and high-value construction equipment financing.
Calculate your loan EMI in 3 easy steps. Use EMI calculator to estimate your EMI and total amount payable.
Poonawalla Fincorp Machinery Loan for Indian businesses in the age group 25–65 with over three years’ operational history. Recommended for SMEs, contractors, manufacturers, and fleet operators seeking equipment loans or equipment financing with good credit and steady income to finance planned repayments.
PAN card, Aadhaar, voter ID, passport, or driving license for identity verification.
Utility bill, Aadhaar, passport, voter ID, or rent agreement showing current residence or business location.
GST/Udyam/Shop Act certificates, Factory ownership proof.
Latest 2 years Financials containing ITR, Computation of Income, B/S, P&L, Audit Reports and Applicable Schedules
Latest 6 months bank statements of all active accounts (CA/CC/OD)
Latest proforma invoice/ machine quotation along with complete scope of supply
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Select the equipment model that best fits your project requirement, budget, and usage type—whether it’s for earthmoving, road work, mining, or lifting.
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Poonawalla Fincorp provides machinery loans for a wide range of new and used industrial and construction equipment. This includes excavators, backhoe loaders, cranes, drilling machines, road rollers, compressors, concrete mixers, and other heavy-duty equipment used in sectors like manufacturing, infrastructure, mining, and construction.
Interest rates start from 9.99% p.a.* and can vary based on credit profile, business turnover, and loan size.
Borrowers can choose a flexible repayment period ranging from 12 to 72 months (1–6 years).
Yes, Poonawalla Fincorp offers Used Equipment Loans, financing second-hand machinery if it passes valuation and credit checks.
To qualify, applicants must be Indian citizens, have a valid business setup, a minimum CIBIL score (as per the bank’s requirement), and necessary business documentation
You can borrow up to ₹10 crore under the equipment finance scheme, depending on the asset type and eligibility.
Collateral requirements depend on the loan amount and borrower’s profile; asset-backed financing is common, though collateral-free options may be available under ₹5 lakh or from strong-credit profiles.
Once documents and eligibility are verified, disbursal is typically completed within a few business days, enabling quick equipment acquisition.
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