THE CREDIT LANE
About this funding solution
SIDBI runs machinery finance as part of its core MSME mandate through the SPEED and SPEED Plus schemes, which fund up to 100% of machinery cost — up to ₹1 crore for new borrowers and ₹2–3 crore for existing SIDBI customers.
Pricing reflects that mandate: SPEED Plus carries interest of roughly 8.80–10.50% per annum based on internal rating, meaningfully below what a general-purpose bank loan typically offers for a comparable profile.
Because SIDBI schemes are frequently paired with state incentive programmes, we cross-check your eligibility for a capital subsidy at the same time as filing the loan — often reducing the effective cost of the machine further.
Rates and financing % per SIDBI's SPEED / SPEED Plus schemes; internal rating-based, subject to change.
Who is this solution for?
Purpose-built for registered MSMEs buying new machinery who want scheme-linked pricing rather than standard bank rates.
- Registered MSME looking to buy new or upgrade existing machinery
- Want scheme-linked pricing rather than standard bank rates
- Manufacturing or processing unit expanding capacity
- Prefer a lender specialising in SME machinery finance
Why consider this funding route?
MSME-first pricing
SIDBI's mandate is SME lending, reflected in preferential 8.8–10.5% rates.
Up to 100% funding
Machinery cost financed in full for eligible new borrowers up to ₹1Cr.
Scheme stacking
We check TUS/MSME subsidy eligibility alongside the loan for compounded savings.
Vendor-direct disbursal
Payment made directly to the machine supplier against invoice.
How it works
Scheme mapping
We identify whether SPEED or SPEED Plus fits your machine category and unit size.
Application filing
Documentation compiled and filed through our SIDBI channel.
Technical appraisal
SIDBI reviews the machine specification and vendor credentials.
Sanction & vendor payment
Approved amount paid directly against the vendor invoice.
Indicative Repayment (EMI) Calculator
Use the sliders below to get an indicative estimate. Final terms are subject to formal underwriting and lender / investor committee assessment.
Client experience
FAQs
Select schemes allow it, subject to valuation and residual life certification — we confirm scheme-specific rules during mapping.
Primarily manufacturing and allied processing units, though eligibility varies by scheme — we verify this against your unit's activity code.
SIDBI's mandate is dedicated MSME lending, which means sharper pricing (8.8–10.5% vs 9–13% at banks) and higher LTV for a comparable profile.
SPEED funds up to ₹1Cr for new borrowers at ~9.25–10% p.a.; SPEED Plus extends financing to ₹2–3Cr at a marginally lower 8.80–10.50% band for stronger-rated borrowers.
Check Eligibility
Submit details for Machine Loan from SIDBI. Our desk reviews profile variables and calls you back the same working day.