To empower entrepreneurs and businesses in expanding their operations, Sri Sudha Co-operative Bank Ltd. offers Machinery Loans designed to help you purchase new or upgrade existing machinery and equipment. Our goal is to support industrial and commercial growth through convenient financing solutions.
Features & Benefits:
💼 Purpose: For purchase of new machinery, equipment, or for upgrading existing plant and machinery.
⚙️ Eligible Borrowers: Small, medium, and large-scale business units, manufacturers, and entrepreneurs.
💰 Loan Amount: Based on the cost of machinery and repayment capacity of the borrower.
📆 Repayment Period: Flexible tenure with convenient monthly or quarterly installments.
🔒 Security: Hypothecation of machinery financed and/or suitable collateral as required.
🏦 Competitive Interest Rates: Attractive rates to suit your business needs.
⏱️ Quick Processing: Fast approval and hassle-free documentation process.
Advantages:
► Enhance productivity through modern technology.
► Improve business efficiency and output.
► Strengthen competitiveness in your industry.
Documents Required:
► Loan application form
► KYC documents
► Business registration and financial statements
► Machinery quotation/invoice
► Collateral details (if applicable)
