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

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.