Equipment Finance

Chola Equipment Finance, we are committed to understanding the unique needs of your business and providing tailored financial solutions that fuel your ambitions. Whether you are a small enterprise or a large corporation, our goal is to empower you with the financial tools necessary to acquire, upgrade, or expand your equipment infrastructure.

Key Features

  • Finance to MSMEs for their capex needs / Purchase of Equipments
  • Equipment based finance – Primary collateral of equipment
  • Funding to Start-up segment - based on equipment cash flows
  • Financing for both new and used equipment
  • Flexible repayment terms
  • Competitive and attractive interest rates
  • Loan amounts upto INR 3 Crs

We specialise in funding for
  • Machine Tools – CNC operated equipment
  • Accessories – for Machine Tools/ Plastic Technology & Printing Technology Equipment
  • Plastic Technology – Injection Moulding / Blow Moulding / Extruding
  • Printing – Pre Press/ Press & Post Press – Both Digital & Offset and latest technologies
  • Power Generators
  • Medical Equipment – for professionals from Medical field – for Medical Centers / Hospitals / Diagnostic Centers / R & D Centers / Education & Research Institutes.

Features & Benefits

Loan against hypothecation Loan against hypothecation
Convenient repayment options Convenient repayment options
Floating Rate of Interest Floating Rate of Interest
Flexible tenure Flexible tenure

Quick Financial Support

Frequently Asked Questions

  • What is an SME Loan?

    SME Loan is a type of business loan offered to small and mid-size businesses to grow and expand their business. These loans can be short term or for a long term.

  • Who is eligible for an SME loan?

    Chola gives SME loans to retail and wholesalers, manufacturers, stock lists and distributors, service providers, Private LTD, Partnership or Proprietorship Company, etc.

  • What are SME loans used for?

    SME Loans are used for working capital needs, business expansion, procuring new machinery and equipment, infrastructure development. Etc.

  • What is the loan amount Chola offers?

    Chola offers SME loans ranging from 10 lakhs up to 5 crores.

  • What is the loan tenure for SME loans?

    • Filled loan application form
    • KYC documents of the company-(PAN Card, Registration of Incorporation, Partnership deed, Memorandum & Articles of Association)
    • KYC documents of the business owners
    • Balance sheet and Profit & Loss accounts for the last two years
    • Income Tax Returns for the last two years
    • Company bank statements for the last six months
    • GST returns for the last 6 months

  • Is external guarantor needed to get a loan?

    No external guarantor is required.

  • What is the security or collateral that I have to provide to get a loan?

    Acceptable Collateral is Commercial Property, Residential Property, Industrial / Factory Land and Building.

  • Is the interest rate fixed or floating?

    Both are available.

  • How much EMI should I pay?

    EMI depends on the loan amount and tenure. Please check out our EMI calculator.  

  • Is there any age limit to get a SME loan?

    You must be between 25-65 years of age and have business that shows a profit for the last three consecutive financial years.

  • What are the modes of repayment?

    You can pay through Post Dated Cheques, Electronic Clearance Service (ECS) or Direct Debit.

  • What are the ways to apply for a SME loan?

    - You can apply online at by filling our online loan application form - You can download our mobile app on play store and apply for a loan - Our Chola staff will come to your doorstep to service you. Just give a call to customer care number 1800 102 4565 (9am to 7pm). - You can walk-in to our nearest branch and avail our services.

  • Can I pre-closure my loan?

    Yes, you can repay the loan ahead of schedule. There aren’t any pre-closure charges or any hidden charges. Everything is transparent and mentioned upfront.

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