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*