Finnect Capital | Heavy Machinery Loans

Heavy Machinery Loans

The machine earns from day one. The finance should be structured that way.

Equipment finance is secured by the asset itself, which keeps it far cheaper than a general business loan. The skill is matching the repayment schedule to what the machine actually earns, and to the seasons and site cycles that govern when it earns nothing.

8.50%

Indicative rate p.a.*

90%

Of equipment cost*

3–7 yr

Typical tenure

10–15

Days to approval*

What you get

New, used, and refinancing what you already own

Backhoe loaders, excavators, tippers, transit mixers, cranes, compactors, pavers and road rollers are all routinely financed. Good used machines are too, and refinancing equipment you already own free of debt can release working capital.

Up to about 90% of asset cost, profile depending; some lenders go higher
Tenure commonly 12 to 60 months, extending to around 7 years on larger assets
New and good-quality used equipment both financed
Refinance on owned machines to release cash against an existing asset
Repayment structured around seasonal and project cash flow
Individuals, proprietorships, partnerships and companies all eligible

Talk to an Advisor

Indicative Rate

8.50% p.a.*

Up to 90% of equipment cost
New & used machines
Approval in 10–15 days

Is this the right loan for you?

Financed against the asset, assessed on the operator

Lenders in this space understand contracting. They will look at your order book, your existing fleet and your track record with the make and model as much as at your balance sheet.

A good fit if

You are a contractor, quarry operator or industrial unit buying plant
The equipment has confirmed work, an order book or a live contract
You are replacing ageing machines whose maintenance is eroding margin
You want to preserve working capital rather than pay cash for the asset
You are buying good used equipment where the economics are better

Worth a rethink if

The machine has no committed utilisation and would sit idle
Your existing equipment loans are already stretching cash flow
The asset is highly specialised with a thin resale market, which lenders dislike
Renting or hiring would cost less for the duration you actually need it

What you’ll need

Documentation requirements

Have these ready and we can put a complete file in front of a lender the same week. Missing documents are the single most common reason a good application stalls.

Identity & address

PAN and Aadhaar of proprietors/directors
Business address proof
Constitution documents
Udyam registration, where applicable

Income

Last 2 years’ ITR and financials
Last 12 months’ bank statements
GST returns
Existing loan repayment track record

Asset & work

Proforma invoice or dealer quotation
For used: RC, valuation and inspection report
Work orders or contracts on hand
Details of the existing fleet

Where we add value

Structured around the site, not the calendar

A monsoon quarter with no earthmoving still carries an EMI. Lenders who know contracting will build that in, if the file is presented by someone who raises it.

Structure

Repayment matched to utilisation

Seasonal and milestone-linked schedules exist. They are rarely offered unless you ask.

Used assets

Valuation done properly

A well-supported inspection and valuation is the difference between 70% and 90% funding on a used machine.

Speed

Sanctioned before the deal moves

Good used equipment does not wait. We keep files ready so you can commit with confidence.

Questions borrowers actually ask

Equipment finance, answered honestly

Can I finance a used machine?+

Yes. Used equipment is routinely financed, and refinance and repurchase options exist too. Expect a somewhat higher rate, a shorter tenure and a formal inspection and valuation, all tied to the machine’s age and condition.

How much of the cost is funded?+

Commonly up to about 90% of asset cost depending on your profile, the make and the machine’s resale depth. Strong operators with a track record on the same brand sometimes see more.

What tenure should I take?+

Match it to the machine’s productive life and its contracted work, not to the lowest possible EMI. Financing a five-year asset over seven years leaves you paying for a machine that is no longer earning.

Can repayment follow my project cycle?+

Often yes. Structured, stepped and seasonal schedules are available from lenders who understand contracting. This has to be negotiated at sanction; it is very hard to change afterwards.

Can I raise money against machines I already own?+

Yes. Refinancing unencumbered equipment is a common and efficient way to release working capital without new borrowing against your property.

How long does approval take?+

Around 10 to 15 days on a complete file for new equipment. Used machines take a little longer because of inspection and valuation.

All rates, limits and timelines on this page are indicative, vary by lender and by your profile, and do not constitute a loan offer or a commitment to lend. Finnect Capital is an authorised Direct Selling Agent and referral partner, not a bank or NBFC. Every credit decision rests solely with the partner Bank/NBFC. Ask any lender for the Key Facts Statement (KFS) setting out the all-inclusive APR before you sign. See our DSA Disclosure.

Tell us what you are buying and what it will run on.

We will structure the finance around the work, not just the asset.