| Eligible Borrower | Individual/ Sole. Prop /Partnership Firm/ Limited Companies |
| Age | The applicant’s (Individual) age shall be between 21 years to 60 |
| Purpose | To purchase New/Used Machineries and equipment’s not older than five years |
| Margin | New Machinery/equipment 25% of the invoice value, Old Machinery/equipment 30% of the Engineer’s Valuation |
| Primary Security | Hypothecation of Machinery/ equipment to be financed |
| Collateral Security | House/Commercial Properties / Plot (DTCP Approved) valued not less than 50% of the loan amount for new Machineries/ equipment and 100% for old machineries and equipment |
| Loan amount | Minimum 1 lac to Maximum 2 crores |
| Tenor | 5 Years |
| Rate of Interest | 18 – 18.50% |
| DSCR | 1.25 to 1.5 |
| Guarantor | Spouse and one of the close relatives of the borrower / Third party |
| Documents Required | KYC documents, Proforma Invoice, ITR for 3 years, Audited Financial statement for 3 years (For Business concerns ), Bank account statement for 1 year and property documents. |
