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Cold Storage Loan

• Construct new cold storage or expand your existing set-up
• Get 75% of project cost as a loan amount
• Pledging collateral helps to pay lower EMI
Enquiry Form
Cold Storage Loan
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month)
12
2
23
12
Bank Name Min Interest Rate

12

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Cold Storage loan Eligibility Criteria?

Cold storage is generally utilized to store products like meat & dairy products as different type of products requires different type of storage temperature wherein this type of storage plays a crucial role in the entire food chain process. It helps the daily used products to be usable for longer periods of time.

Cold Storage loan Eligibility Criteria

There are few eligibility criteria you are required to have a look before applying for loan -

  • • Individual & group of individuals can avail this facility
  • • Private limited, Proprietorship firm, Partnership are eligible
  • • For new project, required to submit achievability of project to bank
  • • For existing project, profitable of last 3 FY proof to be attached
  • • Limitation of Storage should be not exceed than 500MT
  • • Background of promoter should be good

Note: - You can avail up to 80% of project cost as a loan amount.

What are the factors generally affecting Cold Storage loan Eligibility Criteria?

There are Top factors that generally affects loan Eligibility Criteria as given below-

CIBIL Score: - Firstly, Lenders check your CIBIL Score to know your past financial & transaction history to evaluate how capable you are at repaying loan or managing transaction. If your CIBIL Score is below 750, then it's likely that you are not eligible to apply for a Home Loan, but if its above 750 you can easily apply & get a Home Loan at competitive rates.

Previous loan defaults: - If you ever applied for loan from other financial institution & due to any reason your loan application gets rejected then probably it will lower your eligibility.

Business loss on recent year: -Business loss on recent year: - Lender will check whether your last 3 years of business is on profits or loss, if it's on loss wherein your chances of getting loan lowers.

What are the ways to increase Cold Storage loan eligibility?

To increase Cold Storage loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.

Maintain good credit report: - To increase your eligibility you must maintain good credit report by always making payments on time, avoid taking multiple credit cards as it will help you to increase your eligibility.

Recover existing loan: - Lender will check whether you have any existing ongoing loan, if yes then make sure to you close it earlier before applying for loan.

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. PAN Card Copy
  2. AADHAR CARD + PASSPORT
  3. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  4. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  5. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  6. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING
  7. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  8. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  9. PROJECTED FINANCIAL
  10. PROJECT FEASIBILITY REPORT
  11. COMPANY PROFILE & MANAGEMENT PROFILE
  12. ISO CERTIFICATE & MSME CERTIFICATE
  13. POLLUTION CERTIFICATE
  14. CMA DATA
  15. MACHINE QUOTATION
  16. BUILDING CONSTRUCTION ESTIMATE
  17. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PAN CARD CLEAR COPY PROPRIETOR.
  2. ADD PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR.
  3. OFFICE ADDRESS PROOF LATEST. (ELECTRICITY BILL, TELEPHONE BILL)
  4. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  5. LAST 1 YEAR GST RETURN COPY
  6. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  7. PROVISIONAL FINANCIAL AY 2019-20
  8. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED.
  9. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  10. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  11. AGREEMENT TO SELL COPY
  12. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  13. PROJECTED FINANCIAL
  14. PROJECT FEASIBILITY REPORT
  15. COMPANY PROFILE & MANAGEMENT PROFILE
  16. ISO CERTIFICATE & MSME CERTIFICATE
  17. POLLUTION CERTIFICATE
  18. CMA DATA
  19. MACHINE QUOTATION
  20. BUILDING CONSTRUCTION ESTIMATE
  1. PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  10. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  11. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  12. . IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  13. Agreement To Sell copy
  14. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  15. PROJECTED FINANCIAL
  16. PROJECT FEASIBILITY REPORT
  17. COMPANY PROFILE & MANAGEMENT PROFILE
  18. ISO CERTIFICATE & MSME CERTIFICATE
  19. POLLUTION CETIFICATE
  20. CMA DATA
  21. MACHINE QUOTATION
  22. BUILDING ONSTRUCTION ESTIMATE
  1. PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  3. ADDRESS PROOF – COMPANY AND DIRECTORS.
  4. LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM
  6. ORDER IN HAND AND COMPLETE COPY (if applicable)
  7. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  8. 1 YEAR GST RETURNS
  9. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
  10. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  11. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  12. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  13. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  14. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  15. AGREEMENT TO SELL COPY
  16. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
  17. PROJECTED FEASIBILITY REPORT
  18. COMPANY PROFILE & MSME CERTIFICATE
  19. POLLUTION CERTIFICATE
  20. CMA DATA
  21. MACHINE QUOTATION
  22. BUILDING CONSTRUCATION ESTIMATE
Frequently Asked Questions

What is the current interest rate of school loan?

School loan interest rate starting @14.00% onwards.

How to apply for school loan?

Choose your ideal banking partner, once chosen fill the enquiry form through their official website or visit nearest branch to further information.

What is school loan?

School loan are provided for the construction and renovation of schools to improve educational infrastructure.

What are the other charges applicable in school loan?

  • Processing fee
  • Foreclosure fee
  • Part-prepayment charges
  • Stamp duty
  • Late interest penalty

How much school loan can I get?

You can take school loan minimum 50,000 to 2 crores as a maximum loan amount.

Which bank provide the school loan?

Almost all government banks provide school loans for the construction and renovation of private schools. Get loan at attractive interest rates.

How much cibil score required for school loan?

Minimum cibil score required for the school loans is above 750, But some may also accept less than 750 scores depending on various factors.

What are the benefits of school loan?

  • Get loan up to 70%-85% of project cost
  • Flexible tenure facility
  • Minimal paperwork
  •  Simplified document processing

What will be the necessary documents required to apply for school loans?

Submit Application attach necessary documents, KYC documents. Copy of affiliation certificates of the school.

Related Topics

  • COLD STORAGE LOAN BY BANKS

  • COLD STORAGE LOAN BLOGS

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CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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