RBI-registered NBFC · N-13.02216
Get tailored equipment financing for machinery and commercial equipment — loans up to ₹50 lakh* with flexible tenures and fast processing.
Competitive Interest Rate: Starting from 16% P.A.*
Flexible Repayment: 3 to 60 months
Quick Disbursal: 24-72 hrs after approval with conditions
*As per applicable lending policies and borrower profile.
01Equipment Funding
Our business equipment financing solutions offer a simple lending process to acquire machinery and equipment.
Purchase machinery and equipment for manufacturing, healthcare, construction, hospitality, retail, education, and other business sectors.
Avoid a significant upfront investment and keep funds available for day-to-day business operations.
Available for eligible MSMEs, manufacturers, traders, service providers, professionals, and companies across multiple industries.
Amount, tenure, and repayment are based on the applicant profile, equipment category, and applicable lending policies.
Access financing through Choice Finserv's network of reputed banks and financial institutions.
Receive assistance throughout the application journey, from documentation to loan servicing.
02Benefits
Investing in the right equipment can improve efficiency, productivity, and business growth
Upgrade or purchase equipment that helps streamline operations and enhance productivity.
Invest in machinery and equipment to increase production or expand business operations.
Finance equipment instead of making large investments and preserve cash flow.
Choose repayment options aligned with your business's capacity, subject to applicable lending terms.
Replace ageing machinery with newer equipment for better performance and operational reliability
Construction equipment funding, medical equipment funding, or equipment funding for small businesses
03Rates & Charges
Know your costs before applying for business equipment funding
Disclaimer: Loan terms, charges, and eligibility are subject to internal policies and may vary depending on the applicant profile and lending partner.
Calculator & Eligibility
Plan your EMI and eligibility instantly
Estimate your monthly EMI before applying
Indicative only. Actual EMI depends on the approved rate, tenure and scheme.
Check how much you can borrow
Indicative estimate. Final eligibility depends on credit profile, documents and scheme.
Check Your Eligibility
Check if you qualify for equipment financing before applying for one
| Criteria | Requirement |
|---|---|
| Applicant Profile | Self-employed non-professional (business) profiles, self-employed professional profiles, business entities, salaried individuals |
| Loan Purpose | Purchasing and installation of equipment |
| Equipment Type | Home/commercial elevator and any other equipment as per PAC approval |
| Applicant Age | 21 to 65 years (applicant/co-applicant) |
| Repayment Track Record | For loans above ₹15 lakhs, RTR track will be checked for active loans of ₹2 lakh and above |
Documentation
List of required documents for business equipment financing
A short video PD or field visit may be required for verification. All documentation is digitally uploaded and signed.
Equipments
Choose the machinery or equipment that serves your purpose
Processing machinery, Packaging equipment, Industrial machinery, Machine tools
Diagnostic equipment, Imaging systems, Laboratory equipment, Hospital equipment
Excavators, Loaders, Concrete equipment, Road construction machinery
Commercial kitchen equipment, Laundry equipment, Refrigeration, Food processing equipment
Computers, Servers, Networking, Printers, Office automation
Loan Application
Follow these simple steps to begin your application
Fill out the online form and connect with us to discuss your financing requirements
Provide required identity, business, financial, and equipment-related documents for verification
Tele PD or site visit as required; EPC/CFPL validates installation plan
Based on the applicable eligibility criteria, documentation, and internal credit assessment process
On approval, the loan is sanctioned and disbursed as per agreed terms and process
Key factors to check before applying for equipment financing
Identify equipment your business needs today and whether it will support your operational and growth plans in the future.
Review the applicable interest rate, processing fee, repayment tenure, and other charges before accepting the loan offer.
Select a repayment tenure that keeps your monthly EMIs aligned with your business cash flow and repayment capacity.
Obtain quotations and compare equipment specifications, warranty, after-sales service, and overall value before purchase.
Having complete business, financial, and equipment-related documents available helps streamline the loan process.
Following these best practices can help improve your application experience
Trust
50,000+ Customers Served
29+ Lending Partners
250+ Relationship Managers
Multiple Products: MSME, LAP, Solar, Equipment, & more
Testimonials
We needed to upgrade our production machinery without affecting our working capital. Choice Finserv guided us through the process and helped us secure financing that suited our business requirements.
01 / 03
Machinery & Equipment
Upgrade your business operations with Choice Finserv
Lending Partners
Trusted by India’s leading banks and NBFCs
FAQs
Equipment Funding is a financing solution that helps individuals and businesses purchase eligible machinery or equipment without making a large upfront investment. It supports business growth by making it easier to acquire assets needed for day-to-day operations or expansion. This aligns with the product's stated purpose of financing the acquisition and installation of equipment.
Individuals, self-employed professionals, businesses, MSMEs, and other eligible business entities can apply for Equipment Funding. Loan approval is subject to the applicant meeting Choice Finserv's eligibility criteria and credit assessment requirements. Equipment Funding is designed for both individuals and MSME/business profiles.
Equipment Funding can be used to finance eligible machinery and equipment required for business or professional use. The type of equipment that can be funded is determined in accordance with Choice Finserv's lending policies and product eligibility criteria. Funding is for the purchase and installation of equipment only.
The eligible loan amount is determined after evaluating factors such as the applicant's financial profile, repayment capacity, credit assessment, the equipment being financed, and other applicable eligibility criteria. The final sanctioned amount is subject to Choice Finserv's internal credit evaluation.
The documents required vary depending on your applicant profile and the equipment being financed. You will be asked to provide identity and address proof, income or business-related documents, bank statements, and equipment-related documents, including quotations or invoices, where applicable. Additional documents may be requested during the loan assessment process.
Equipment Funding is generally repaid through Equated Monthly Instalments (EMIs) over the approved loan tenure. Repayments are made through the approved payment modes specified in the loan agreement.
Yes, you may be able to prepay or foreclose your Equipment Funding loan, which is subject to the applicable terms, conditions, and charges in effect at the time of your request. Please contact Choice Finserv for details applicable to your loan account.
You can apply for Equipment Funding by submitting your application along with the required documents through Choice Finserv's designated application channels. Once your application is received, it will be evaluated as per the applicable eligibility and credit assessment process before a lending decision is made.