A Project Loan is a type of business loan specifically designed for funding new or existing business projects. Its purpose is to finance Land, Building, Plant, and Machinery, helping businesses invest in growth without putting too much of their own capital at risk. Typically, a Project Loan can cover 70%–80% of your total project cost, allowing you to focus on growth rather than funding. FinanceSeva.com, as a Direct Marketing Associate (DSA), works with multiple banks and NBFCs to arrange the best loan deals for you.
2. Key Features and Benefits of Project Loans Lowest Interest Rates Project Loans through FinanceSeva.com come with competitive interest rates, making your monthly EMIs affordable and predictable. Loan with or without Collateral While most banks require collateral, FinanceSeva.com enables loans with as low as 30% collateral or sometimes even without any collateral. Maximum Tenure 10 Years + 2-Year Moratorium A longer repayment period means manageable EMIs. With a 2-year moratorium, you can defer principal repayment while starting your project. Funding up to 80% of Project Cost FinanceSeva.com ensures that the majority of your project cost is funded, whether you are starting new or expanding. Subsidy Assistance Government-backed schemes may provide a subsidy, reducing your overall investment. Applicable for New and Existing Businesses Project Loans are available for startups as well as existing businesses aiming to expand. Loan Amount up to ?100 Crore+ From small projects to large-scale investments, FinanceSeva.com can arrange funding for even large-scale business ventures.
3. Eligibility Criteria for Project Loans Eligibility varies across banks and NBFCs, but generally includes: Applicant must be an Indian citizen. Age between 21–65 years. Business must be operational or a valid project plan must exist. Applicant should have a clean credit history. Collateral must be available. FinanceSeva.com simplifies eligibility checks, so you can apply without confusion.
4. Required Documents for Project Loans Identity Proof – Aadhaar, PAN, Passport Address Proof – Utility Bill, Passport, Aadhaar Business Proof – Registration Certificate, GST Certificate Financial Statements – Balance Sheet, Profit & Loss (for existing businesses) Project Report / CMA Data – For new projects or expansion Collateral Documents
5. How Project Loans Benefit Your Business Business Expansion: Finance machinery, plant, or buildings to grow your business. Working Capital Support: Manage day-to-day operations efficiently. Technology Upgrades: Invest in modern technology and equipment. Government Subsidies: Reduce investment costs through eligible schemes.
6. How to Apply for a Project Loan via FinanceSeva.com Visit FinanceSeva.com Go to the Project Loan section. Fill Application Form Complete a simple online form. Upload Required Documents Identity, address, business, and project-related documents. Receive Multiple Bank/NBFC Offers FinanceSeva.com arranges multiple quotes for comparison. Select the Best Deal & Approval Choose the best interest rate, tenure, and loan amount. Loan Disbursement Funds are directly transferred to your account once approved. project loan for new business Get Upto ?5 Crore Loan Without Collateral For Your Business | CGTMSE Scheme Explained in Hindi Project Loan | Explained In Hindi | With Or Without Security | Business Finance Ep - 10 CGTMSE Loan Scheme 2025 Explained | Collateral Free Loan up to ?10 Crore for MSMEs | Part 1 Get Up to ?40 Crore Loan with CGTMSE Guarantee | FinanceSeva Podcast | Business Funding Made Easy.
Benefit
Explanation (Simple Meaning)
Business Growth ????
New machines increase production speed & boost business capacity.
Higher Productivity ??
Modern machinery reduces manual work and improves efficiency.
Better Quality Output ?
Advanced machines help in producing high-quality, consistent products.
Tax Benefits (Depreciation) ????
Machinery purchase may allow tax deductions under depreciation benefits.
Flexible Repayment Tenure ????
Businesses can repay in EMIs over 2–7 years (depending on lender).
No Major Cash Outflow ????
Machines can be purchased without blocking business working capital.
Competitive Advantage ????
Automation & new tech help compete with bigger brands.
Collateral Options ????
Sometimes machinery itself works as security, reducing need for other collateral.
Suitable for MSMEs & Startups ????
Helps small businesses upgrade machines and expand operations.
Multiple Uses ????
Ideal for manufacturing, packaging, construction, textile, printing, food processing, etc.
FAQs: Project Loan for Business (with Answers)
1. What is a Project Loan and how does it help a business?
A Project Loan is a type of business funding provided to finance new ventures, business expansion, machinery purchase, factory setup, infrastructure, and long-term growth projects. It helps a business by providing sufficient capital to launch or upgrade operations without disturbing existing cash flow.
2. Who is eligible to apply for a Project Loan through FinanceSeva.com?
Eligibility includes: MSMEs, Startups, Manufacturers, Traders, Service Businesses Proprietorship / Partnership / LLP / Pvt. Ltd. / Limited Companies Promoters with a clear business plan and repayment capacity Both new & existing businesses can apply
3. What is the interest rate for Project Loans for MSMEs and Startups?
Interest rates generally start from 8.50% p.a. onwards, and the final rate depends on: Business vintage & financial health CIBIL/credit score Collateral coverage (if any) Bank/Lender policy
4. Which documents are required to get a Project Loan approval?
Basic documentation includes: KYC of applicant & business GST Returns (1–2 years if applicable) ITR (2–3 years if available) Bank Statements (6–12 months) Project Report / CMA Data / Business Plan Collateral / Property Papers (if required)
5. How long does it take to get Project Loan sanction and disbursement?
Loan processing usually takes 7 to 21 working days, depending on: Document readiness Complexity of the project Due diligence & lender approval process
6. Can I get a Project Loan if I have a new startup with no ITR history?
Yes! Startups can apply even without ITR, if they have: Strong Project Report/Business Plan Promoter background & capability Good banking/financial discipline Possible support from government schemes like CGTMSE / Startup India
7. What types of business projects are financed under Project Loans?
Some commonly financed projects include: Manufacturing Units Hotels & Hospitals Schools & Colleges Solar & Hydro Power Projects Transport & Logistics Construction & Infrastructure Cold Storage / Warehousing & More
8. Is collateral mandatory for getting a Project Loan?
Not always. Many lenders offer Collateral-Free Project Loans under schemes like: CGTMSE for MSMEs However, for larger loan amounts, collateral/property may be required. 9. Can I use the Project Loan for machinery purchase and working capital?
Yes, project loans can be used for both: CAPEX: Machinery, factory setup, equipment, construction Working Capital: Raw material, salaries, utilities, operational needs Usage depends on sanction terms.
10. How does FinanceSeva.com assist in getting a Project Loan?
FinanceSeva.com provides end-to-end support, including: CMA Data & Project Report preparation Financial Ratio & Viability Analysis Bank/Lender Selection for Best ROI Documentation & Compliance Follow-up till final sanction & disbursement
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Financeseva is a Unit of Konark Commercial Ltd.
Registered Address:
B. R. Chandak Market, Marwari Patty, Ward No. 6,
Jorhat, Assam – 785001
RBI License Number: 08.00080
We strictly comply with RBI guidelines and have instituted a robust Grievance Redressal Cell to address all types of complaints. Our approach to lending is responsible — we offer loans that are easy to repay and ensure our recovery practices are ethical. We do not use any forceful or coercive recovery methods.
If you have any concerns, we will handle them with the utmost seriousness and aim to resolve them within five working days.
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