(MENAFN- KNN India) Helping the businesses expand by using right kind of machinery, Electronica Finance Limited (EFL)- a NBFC - provides machinery loans, industrial property loans and loans against machinery to micro, small & medium enterprises (MSME) in India.
EFL is a Non-Banking Finance Company (NBFC) engaged in providing finance and machinery loans to MSMEs in India.
According to EFL, the MSMEs can get finance in seven days and the machines can be used as collateral. EFL also offers flexible payment options with easy documentation process and Ddoorstep facility.
Metal cutting and metal forming are the two divisional sectors of the machine tool industry. These are further classified into Computer Numerically Controlled (CNC) machines.
At present, CNC machine finance /loan is on the rise. The reason behind this is that CNC systems make it possible for Programmable Logic Controllers (PLCs) and microprocessors to function in parallel.
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