Red Fort Capital offers Equipment and Machinery loans to help businesses acquire the necessary equipment and machinery to operate efficiently and effectively. Our Quick loans are specifically designed to provide financial assistance to businesses looking to purchase, upgrade, or repair equipment and machinery.
We understand that equipment and machinery are essential for businesses to maintain their competitive edge and increase productivity. However, purchasing or upgrading the same can be a significant financial burden for many businesses. That’s why our quick business loans provide the necessary funds to help businesses acquire the equipment and machinery they need without putting a strain on their finances.
The loan amount, interest rate, and repayment terms are based on the value of the collateral and the business’s creditworthiness. We offer flexible repayment options to ensure that businesses can repay the loan without affecting their cash flow. The documentation requirements are also straightforward, and businesses can apply for a loan online in just a few clicks.
Eligibility Criteria and Documents required for Industrial Loan
Eligibility Criteria
- Minimum Turnover: ₹ 50 Lakhs per annum
- Business Vintage: At least 2 years
- Collateral Cover: 1.5x of loan amount
- Loan Amount: ₹ 1 – ₹ 10 Cr
- Tenure: 1 to 5 years
Loan Application Process
- Determine the type of loan that suits your business needs.
- Check your eligibility criteria to ensure that you meet the requirements.
- Gather all the necessary documents for your application.
- Apply through our website or message us on WhatsApp to start the application process.
Documents Required
- Pan Card: Personal and business
- Identity proof: Aadhar card, Voter’s ID, or Driving License.
- Address proof: Aadhar card, Voter’s ID, Driving License, or Passport.
- Previous 6 months bank statements.
- Latest Income Tax Return (ITR) report.
- Audited financial statements: Income statements, Balance Sheet, and Cash Flow statements of the last 2 years
- Copy of Business Incorporation certificate.
- Other mandatory documents that serve as proof of your business.