At Jassi Hire Purchase Limited, we offer convenient and hassle-free machinery loans tailored to your business needs. With competitive interest rates, we ensure swift approval and quick disbursal of funds for your machinery purchase. Our streamlined application process requires minimal documentation, making it easy for you to enhance your business operations. Trust us for personalized machinery loan solutions that support your business goals and growth.
A machinery loan is a financial product designed to help businesses purchase or refinance machinery and equipment. It involves borrowing funds with the machinery itself serving as collateral. Machinery loans typically have flexible repayment terms and can be used for both new and used machinery.
You can apply for a machinery loan through banks, credit unions, online lenders, or financial institutions that specialize in business and machinery financing.
Interest rates on machinery loans vary based on the lender, borrower profile, and prevailing market conditions, generally ranging from 6% to 14% annually. The rate may be fixed or variable depending on the loan type.
The tenure for a machinery loan typically ranges from 1 to 7 years, depending on the lender and loan amount. Longer tenures may result in lower monthly payments, while shorter tenures can lead to higher payments but less interest over the life of the loan.
To update your contact information for a machinery loan, contact your lender directly through their customer service or online portal. Ensure you provide any required documentation to confirm your new contact details.
customer@jassihpl.in
8000180256
