IDBI Equipment Finance
Overview
IDBI Equipment Finance is designed for the purpose of financing the purchase of new machinery or equipment for business.
The details of the product are mentioned below:
Eligible Segments
Individuals, Proprietorship firm, Partnerships firm, LLP and Company (Private/ Public) Limited
Purpose of Loan
Purchase of new equipment, tools and machinery for business purpose.
Loan Amount
- Minimum: ₹ 10 lakhs
- Maximum: ₹ 2 Crores
Tenor
Term Loan: Max 5 years
Margin
10% of the cost of assets*