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Equipment Loan |
Equipment loan is a new and
innovative retail loan product which
is
initiated by quite a few banks and NBFCs to
cater to the diverse needs of its customers
who belong to diverse business industries.
This loan category is very comprehensive and
can include construction farm equipment
loans, medical equipment loans, office
equipment loans etc. These loans are
available at very competitive interest rates
and convenient EMIs. The amount of EMI will
depend on a number of factors such as loan
amount, tenure of loan, financial status of
the person who is taking the loan.
Types Of Equipment Loans Available:
Construction Equipment Loans
Medical Equipment Loans
Office Equipment Loans
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Banks are now a days
offering customised construction equipment
loans to suit the needs of all its clients;
right from new entrepreneurs to large
business houses. Some leading banks provide
value added services by tying up with
leading construction equipment manufacturers
to provide a wide variety to its
clients,this also makes the loan process
quite easy and smoother. Such loans can also
fall under the category of personal loans.
Maximum Loan offered by Banks for
Construction Equipment Loans:
The amount of loan depends on a number of
factors like the purpose of loan, repayment
capacity, past and present financial profile
which includes CIBIL and ratings of business
by rating Agencies like ICRA,CRISIL etc. and
also various bank records and statements
furnished by the customer. The loan amount
is repayable through Equated Monthly
Installments or EMI.
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In todays age , Banks are
targeting top- notch doctors as a latest
segment of customers by offering them
attractive medical equipment loans. This
loan is primarily taken to either purchase
new equipment or taking over the existing
one.
Maximum Loan offered by Banks for Medical
Equipment Loans:
Loans are available starting from Rs.
100000. There is no maximum amount of loan.
It is generally decided after considering
the financial background of the customer,
his repayment capacity, tenure of the loan
etc. Loan is given maximum up to 85% of the
value of the medical equipment. The loan is
repaid through Equated Monthly Installments
or EMI. Loan is repaid within a tenure of 1
to 5 years. We at Mudrawale are keen on the
quality of the services we are offering and
assure you to help you out in every possible
way.
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Office
equipment loan is the latest financial tool
provided to the customers from various
banks. Right from furniture, to workstations
to computers, loan can be taken to suit your
requirements.Mudraale is one of the pioneer
in this loan segment who is helping hundreds
and thousands of the persons to make their
office uptodate.
Maximum Loan offered by Banks for Office
Equipment Loans:
The quantum of loan depends on factors like
repayment capacity of the borrower, tenure
of loan, policies of the bank, financial
background of the borrower. Loan is
sanctioned up to 70% of the actual value of
the office equipment. Repayment is done
through Equated Monthly Installments or EMI.
Repayment tenure can range from 1-3 years.
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