Factory Loan Interest Rate and Charges
At Rohini Financial Services, we believe in complete transparency and affordability when it comes to financing your industrial growth. Our Factory Loan solutions are designed to help manufacturers, plant owners, and industrial entrepreneurs access funds at competitive interest rates with clear and minimal charges.
Factory Loan Interest Rates
Interest rates for factory loans depend on several factors — including your business profile, credit score, loan amount, and the type of factory project. We work with India’s leading banks and NBFCs to offer the best possible terms.
| Loan Type | Interest Rate (Approx.) | Loan Amount Range | Tenure |
|---|---|---|---|
| Factory Setup Loan | 9.00% – 13.50% p.a. | ₹10 Lakhs – ₹10 Crores | Up to 15 years |
| Machinery / Equipment Loan | 9.25% – 14.00% p.a. | ₹5 Lakhs – ₹5 Crores | Up to 10 years |
| Factory Expansion Loan | 9.50% – 15.00% p.a. | ₹10 Lakhs – ₹10 Crores | Up to 12 years |
| Working Capital Loan | 10.00% – 16.00% p.a. | ₹2 Lakhs – ₹2 Crores | Up to 5 years |
Factors Affecting Factory Loan Interest Rates
- Business Vintage: Older, stable businesses generally receive better interest rates.
- Credit Score: A CIBIL score of 700+ helps secure lower rates.
- Loan Amount & Tenure: Longer tenures may attract slightly higher interest.
- Collateral: Secured loans with property or machinery as collateral get lower rates.
- Lender Type: Rates differ slightly between banks, NBFCs, and financial institutions.
Factory Loan Charges
- 1. Processing Fee
- Ranges between 1% – 3% of the total loan amount.
- Some lenders may offer discounted or waived-off processing fees for eligible applicants.
- 2. Prepayment / Foreclosure Charges
- Generally 2% – 5% of the outstanding principal.
- Many lenders allow no prepayment penalty after a certain lock-in period.
- 3. Penal Interest (on late EMI payment)
- Typically 2% above the applicable interest rate.
- 4. Documentation / Legal Charges
- Minimal, based on loan amount and collateral evaluation.
- 5. Stamp Duty & GST
- Applicable as per government regulations.