I need a small loan immediately for buying new machinery


#1

From where can I get a loan quickly?


#2

If your requirement is immediate, we suggest you apply for an unsecured loan that doesn’t mandate collateral security. Approach a NBFC, as a bank will possibly ask for collateral against the loan. Additionally, an NBFC will have a special loan category for ‘Machinery Loans’.

Loans taken from a NBFC are very well-suited for small businesses that need immediate funds as -

  • Very often, there is no stipulation for collateral.
  • NBFC’s are usually quicker in loan disbursal.

Most small-to-medium business owners find NBFC’s to be the best option for urgent loan requirements.