Empower Your Manufacturing Growth with the Right Machinery

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Financing Available up to ₹10 Crores

Up to 100% Funding on Machinery Value

Flexible Tenures of up to 10 Years

Machinery Finance

Upgrading or acquiring advanced machinery is critical for scaling manufacturing operations and improving productivity. A machinery finance helps you invest in modern equipment without putting pressure on your working capital. IDFC FIRST Bank’s machinery finance designed to support manufacturers with flexible repayment options, competitive interest rates, and quick processing. Whether you plan to expand capacity, replace outdated machines, or adopt new technology, this machinery finance solution ensures you meet business goals efficiently while maintaining financial stability.

Features & Benefits of Machinery Finance

Investing in machinery should be seamless and stress-free when you choose the right financial partner. IDFC FIRST Bank offers machinery finance tailored to your operational needs.

Enjoy higher loan amounts of up to ₹10 crore

Get flexible loan tenures ranging from 1 to 10 years

Attractive interest rates starting at just 10.49% per annum

Enjoy up to a ₹3 crore loan with no additional collateral required

Up to 100% financing, including coverage for annual maintenance cost and applicable taxes

Business-Focused Solutions

The loan structure is designed specifically for manufacturers, supporting expansion, automation, and operational efficiency.

Eligibility criteria for machinery finance

IDFC FIRST Bank machinery finance is available to manufacturers meeting the following criteria:

Target Segments– MSMEs, Proprietorships, Partnerships, LLPS, and Pvt/Public Ltd Companies, Businesses looking to scale production
Eligible Business Profiles - Manufacturing Units, Workshops & Fabricators, Tooling & Component Manufacturers
Age - Between 25 and 68 years of age.
Business Vintage - 3 Years
Financial Health - Positive net worth and consistent cash profits

Meeting these criteria improves your chances of smooth approval and competitive loan terms.

Machinery Finance documents

Proper documentation helps ensure faster processing of your machinery finance application. The following machinery finance documents are generally required:

KYC Documents
Proof of Ownership (Office/Residence)
Business Registration Proof
Bank Statements (Last 6–12 months)
Latest 2 Years ITR & Financials (if applicable)
Machinery Quotation/Invoice

This list is indicative. Additional documents may be requested based on your profile. Your relationship manager will share the final checklist.

Machinery Finance EMI Calculator

Choose the amount

₹

5L 10Cr

5L 10L 25L 50L 10Cr

Choose the period

Months

12 months 84 months

Choose the interest rate

9.99% 24%

You will pay an EMI of only

₹/-

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Principal amount ₹10,00,000
Interest amount ₹1,86,000
Total amount payable₹11,86,000

Interest Rate & Fees Applicable for Machinery Finance

The interest rate and charges for machinery finance depend on multiple factors such as business profile, creditworthiness, and loan amount.

Penal Charges

Non-payment of Interest/principal or any other amount due – 2% p.a. on overdue amount
For non-renewal - 2% p.a. on outstanding amount
For other scenarios – 2% p.a. of the outstanding amount
No GST is applicable for Penal charges

Foreclosure / Prepayment / Part Payment

2% on facility limit (own prepayment)
4% if taken over by other bank/FI
2% on part payment amount
Above charges shall not be levied to Individuals/Micro and Small Enterprises

Stamping Charges

As per state stamp act

Issuance of solvency certificate

₹ 10000 per issuance

Exact rates and fees are communicated during loan sanction.

How to Apply for Machinery Finance

Applying for a machinery finance with IDFC FIRST Bank is simple and convenient.

Step 1

Click on 'Apply Now'

Step 2

Submit the required details

Step 3

Our representative will contact you within 24 hours

Step 4

Your application will be evaluated for eligibility

Step 5

Once verified, get the loan amount in your bank account.

Product Segmentation for Machinery Finance

IDFC FIRST Bank offers machinery finance solutions to manufacturers across key industrial segments.

Engineering & Industrial Machinery

Food Packaging Machines

Plastic Processing Machinery

Textile & Garment Machinery

Woodworking Machinery & Equipment

Printing & Packaging Machinery

Pharmaceutical Manufacturing & Packaging Machinery

Medical & Healthcare Equipment

Other Industrial & Specialized Machinery

T&Cs apply. All decisions are at the sole discretion of IDFC FIRST Bank

Frequently Asked Questions

What is a machinery finance?

A machinery finance is a type of business loan that helps manufacturers purchase new or used machinery and equipment. It allows you to spread the cost over a fixed tenure while continuing normal operations.

How much machinery finance can you avail?

Is collateral required for machinery finance?

What is the maximum tenure for a machinery finance?

More FAQs

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