SIDBI (Direct Financing)Machinery & Equipment FinanceSmall Enterprise (Investment ≤ ₹10 Cr)🛡️CGTMSE CoveredVerified: 2026-09-29

SIDBI SPEED PLUS (100% Financing for High-End Equipment)

Primary Lending Institution:Small Industries Development Bank of India (SIDBI)

₹50 Lakh to ₹5 Crore MSME credit at 8.25% – 9.40% with Up to 5 years tenure.

Interest Rate8.25% – 9.40%Linked to EBLR / MCLR / Risk

Loan Amount Quantum₹50 Lakh to ₹5 CroreBased on turnover & project cost

Repayment TenureUp to 5 yearsWith moratorium where applicable

Collateral SecurityRequires investment in new plant and machinery only. Second-hand machinery strictly ineligible.

What's Missing: Crucial Fine-Print & Exclusion Gaps

Requires investment in new plant and machinery only. Second-hand machinery strictly ineligible.

Note: Eligo publishes these regulatory and commercial exclusions directly from bank product guidelines and CGTMSE rules to protect MSME applicants from unexpected fee debits or loan rejection surprises.

What is SIDBI SPEED PLUS (100% Financing for High-End Equipment)?

Enhanced direct lending machinery acquisition facility for high-growth manufacturing MSMEs with strong export or domestic corporate orders.

Key Benefits & Features

100% financing of equipment cost; fast-track appraisal; no third-party collateral required; direct disbursement to machinery supplier.

Government Subsidy & Credit Guarantee Coverage

CGTMSE / Bank Guarantee / Normal Security

Enterprise Eligibility Criteria

Manufacturing MSMEs with strong corporate vendor ratings.

Business Vintage3+ Years in Operation

Min. Annual Turnover₹100.0 Lakh

Processing Fee0.25% + GST

Prepayment TermsZero prepayment penalty on floating rate loans as per regulatory norms

How to Apply (3 Verified Paths)

💼Path 1: Current Account Portal

Apply online via business net banking or approach loan account manager.

🌐Path 2: Official FinTech / Govt Portal

Apply online at https://www.sidbi.in/en/products-and-services/direct-lending/speed-plus with digital KYC and financial statements.

🏢Path 3: SME Banking Center Walk-In

Visit nearest MSME branch of the institution with business registration and bank statements.

Eligo does not collect business loan applications or financial data. Apply directly on the verified official domain:

Visit Official Portal↗

Documents Required Checklist

Udyam Registration Certificate, PAN, Aadhaar, Last 2 years ITR and financial statements, 12 months GST returns, 6 months bank statement.

Frequently Asked Questions

What is the maximum loan tenure and amount for SIDBI SPEED PLUS (100% Financing for High-End Equipment)?

Borrowers can avail ₹50 Lakh to ₹5 Crore with a repayment tenure of Up to 5 years.

What are the processing charges and collateral terms for SIDBI SPEED PLUS (100% Financing for High-End Equipment)?

The processing fee is 0.25% + GST. Collateral terms: Requires investment in new plant and machinery only. Second-hand machinery strictly ineligible.

What are the eligibility criteria for SIDBI SPEED PLUS (100% Financing for High-End Equipment)?

Manufacturing MSMEs with strong corporate vendor ratings. Minimum business vintage required is 3 year(s).

How can an applicant apply for SIDBI SPEED PLUS (100% Financing for High-End Equipment)?

Apply online at https://www.sidbi.in/en/products-and-services/direct-lending/speed-plus or visit nearest branch with KYC, Udyam registration, and bank statements.