Machinery Loan / Equipment Finance

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    What is a Machinery Loan / Equipment Finance ?

    There are times when a business is performing well; revenue exceeds expenditure, cash flow is optimal and the company has a healthy bottom line. However, a change in technology or demand or the breakdown of equipment due to wear and tear could send this optimal business situation for a toss.

    Instead of allowing such obstacles to create havoc with your company’s finances, you can opt for what is known as a machinery loan. Also known as equipment finance, when you opt for an OneNDF Inventory / machinery loan, you effectively transfer the responsibility of financing the equipment repair or replacement to our lenders.

    In the capable hands of OneNDF’s lending partners, you can finance the upgrade of equipment or Or simply investment in New Machinery. This is an excellent means to obtain unsecured financing for your business. You do not need a guarantor to sign off on your NDF machinery loan.

    Why choose OneNDF Machinery Loan / Equipment Finance ?

    • Payment guarantee

      Utilise this guarantee when you need to assure a supplier of payment by a set, predetermined date or when you need to make such an assurance to obtain a loan.

    • Advance payment guarantee

      Safeguard advance payments made by your business by choosing this sort of bank guarantee that reimburses the borrower if goods or services are not supplied according to terms set in a pre-signed contract.

    • Confirmed payment order guarantee

      In situations where input costs are high, and payment is on delivery, manage the risk of order cancellation, delayed payment, insufficient payment, and non-payment by this type of bank guarantee, which assures you get your payment on the set date.

    • Performance bond guarantee

      Quality-linked risks can be managed by opting for a performance bond that acts as collateral for goods and services being of the standards/ as per description in the pre-signed contract.

    • Warranty bond guarantee

      Very much like its prior counterpart, a warranty bond guarantee has to do with standards and description. However, it is specifically linked to how the goods and services are delivered, as per a pre-signed contract.

    OneNDF Machinery Loan / Equipment Finance Benefits

    Benefits of opting for OneNDF machinery loan/ equipment finance:

    • Pay nominal charges OneNDF is an online marketplace where borrowers can browse through thousands of lenders at the click of a button. Our lending partners rise to the occasion and bring their best to the table in the spirit of healthy competition.
    • Excellent deals on interest rate Besides competitive fees and charges on your machinery loan, you can be rest assured of getting an affordable rate of interest when you use the OneNDF platform to connect with a lender. We have tied up with savvy lenders who strike a balance with volume and interest rates in order to bring you the best rate.
    • Identify lenders in minutes Although OneNDF has thousands of the country's best lending institutions on its system, you can access only the most relevant ones in a matter of minutes. A quick online form captures your requirement and our world-class, proprietary search engine processes all the relevant data points to present you with the lenders that can effectively provide you with a machinery loan that meets your capital requirements.

      You can connect with lenders anywhere in the country using the OneNDF platform. Your needs are the focus.
    • Effortless face to face negotiation Once you have zeroed in on your lender you can hold virtual meetings to negotiate fees, charges, interest rate conditions, and so on, using our thoughtfully engineered ensuite video calling platform. Discuss, clarify, negotiate as you please using this convenience, an exclusively OneNDF benefit.
    • 24x7 assistance At OneNDF, we believe that our duty towards our borrowers does not end simply matching them with an appropriate lender. Through pre and post-sales and any conflict resolution, OneNDF has a history of strong buyer advocacy. Thousands of delighted borrowers have utilized our credit facilities and return with optimism and confidence in our best-in-class brand standards.
    Eligibility Criteria Requirement
    Age The vintage of the Firm should be at least two years.
    Business Type
    • Sole Proprietorship
    • Partnership
    • Public or Private Limited Companies
    Assessment Financial assessment & Valuation of the property offered as collateral.
    Self Employed Individuals
    Duly filled Application Form
    Passport Size Photograph
    Proof of Identity – Voter ID card/PAN card/ Passport/Aadhar card/Valid Driver’s license
    Proof of Residence – Latest Electricity Bill/Utility Gas Bill/Telephone Bill/Passport/ Registered lease agreement with a utility bill in the name of the landlord
    Proof of Business: Registration Certificate/GST Certificate
    Proof of Income: Income Tax returns (self and business) with Profit & Loss Account & Balance Sheets duly certified/audited by a Chartered Accountant of previous 2 years
    Bank Account Statements (self & business) – previous 12 months
    Complete chain of Property papers
    Sanction Letters & Repayment schedules of all the loans & limits; if any

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