Funding scenario
Time for a machinery upgrade
The old machine caps your output; the new one pays for itself on paper. Equipment finance keeps the asset and the loan on the same page.
There's a moment in every production business where the constraint stops being demand and becomes the machine: the orders exist, the machine can't keep up. An upgrade with a payback under two years is an investment case, not an expense.
Equipment loans are usually secured by the machine itself, which changes the conversation — your vintage and turnover still matter, but the asset carries part of the risk. That's why equipment finance often beats unsecured working capital on rate and tenure.
Do the honest math first: quote in hand, realistic utilisation, payback period. That one page of arithmetic is the most persuasive document in the whole file.
What usually goes wrong
Not a scare list — just the mistakes we see most, so you can skip them.
- Draining working capital to buy the machine outright — then borrowing expensively to cover payroll.
- Financing a seven-year asset with an eighteen-month unsecured loan because it felt faster.
- Forgetting installation, electricals, and commissioning in the sizing — the machine price is never the whole cost.
- Buying capacity for orders that were never actually confirmed.
Products that usually fit this moment
From the live shelf. Every band is indicative and subject to lender underwriting — Ojas Loans is a lending service provider, never the lender.
Equipment
Sized to the quote, typically secured by the machine, tenure matched to its working life.
Government scheme
CGTMSE-backed term loans fund upgrades without hard collateral when the machine alone doesn't cover the risk.
CGTMSE collateral-free term loan
Collateral-free credit for micro and small enterprises under the CGTMSE guarantee.
- Amount
- ₹5,00,000.00 – ₹2,00,00,000.00
- Indicative rate
- 10%–16% p.a.
- Tenure
- 12–84 months
Mudra loan (PMMY)
Government-backed credit for micro enterprises, up to ₹10 lakh.
- Amount
- ₹50,000.00 – ₹10,00,000.00
- Indicative rate
- 9%–14% p.a.
- Tenure
- 12–60 months
Secured
If you own commercial property, a loan against property can fund a larger capex plan at longer tenures.
Know your paperwork early
Every product page lists the exact documents by entity type — proprietorship, partnership, private limited, LLP. Pull the checklist before you talk to anyone; a complete file is the single biggest timeline saver.
Questions founders ask
Does the machine itself count as collateral?
Typically yes — the equipment being financed usually secures the loan, which is why many equipment lines don't need separate hard collateral. The lender confirms this in underwriting.
New versus second-hand machines?
Both can be financed; new machines usually get better terms. For used equipment, valuation and age matter — bring the details and a consultant will tell you honestly what's fundable.
What documents move this fastest?
The proforma invoice or quote, your financials, bank statements, and the order commitments that justify the capacity. Every product page lists the full checklist by entity type.
Ready when you are
Check your eligibility in a two-minute enquiry — a named consultant calls back within one working day. No sanction promises, no instant-money claims: loans come from regulated lenders, and loan money moves directly between you and the lender.
Check eligibilityTalk to an advisor