Salary & Loan

A machine loan can be used to finance a variety of machinery and equipment, including:

• - Machine Tools (CNC, VNC, VMC Lathe Machines)
• - Plastic Machines (Injection Moulding Machine)
• - Printing Machines (Offset and Digital Printing)
• - Packaging Machines (Capping, labelling, wrapping)
• - Light Engineering (Forming ,Forging, Fastener Comp.)
• - Wood Working (Wood Lathe, Bandsaw Machine)
• - Genset & Textile (Generator & Sewing Machine)
• - Medical Equipment (Imaging, Laboratory, Monitoring)
• - Solar (Solar Rooftop Panel) etc

Loan eligibility for a Salary Loan is determined based on factors such as the borrower’s creditworthiness, business financials (revenue, profitability), the nature of the machinery being financed etc.

To apply for a Salary Loan, you will typically need the following documents depending on Loan amount and type:

• KYC Documents (Business PAN, UDYAM Certificate, Business vintage proof etc)
• Bank Statement
• Proforma Invoice for the proposed Machinery

Yes, GRD Finance Private Limited may offer financing for used or old machinery, subject to certain conditions. The eligibility for financing old machinery depends on factors like the type of machinery, age of the equipment, its working condition , and its current market value .

Yes, GRD Finance Private Limited provides loans to both established businesses and new entrepreneurs if the applicant has at least 3 years of relevant experience.