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Cold Storage Loan @7.50% Onwards

• 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 Min Interest Rate Processing Fee Max Loan (Lacs) Max Tenure (Month)
Bank of Baroda
7.50%
1%
1500
120
Bank of India
8.40%
1%
1500
120
Bank of Maharashtra
8.00%
1%
1000
120
canara
7.80%
1%
1500
120
Central Bank of India
7.90%
1%
1000
120
Indian Bank
7.50%
1%
1000
120
Indian Overseas Bank
7.50%
1%
1500
120
Karnataka Bank Ltd.
7.80%
1%
1500
120
Punjab & Sind Bank
7.80%
1%
1500
120
Punjab National Bank
7.75%
1%
1000
120
State Bank of India
7.50%
1%
1500
120
UCO Bank
7.70%
1%
1500
120
Union Bank of India
7.90%
1%
1000
120
United Bank of India
7.80%
1%
1000
120
Axis Bank Ltd.
8.00%
1%
1500
120
Bandhan Bank Ltd.
8.50%
1%
1500
120
City Union Bank Ltd.
8.75%
1%
1000
120
DCB Bank Ltd.
8.75%
1%
1000
120
Digibank (DBS)
8.90%
1%
1500
120
Federal Bank Ltd.
8.90%
1%
1500
120
HDFC Bank Ltd
8.95%
1%
1000
120
ICICI Bank Ltd.
8.50%
1%
1500
120
IDFC First Bank
8.75%
1%
1500
120
IndusInd Bank
8.60%
1%
1000
120
kotak mahindra bank
8.75%
1%
1500
120
kotak mahindra bank
8.75%
1%
1500
120
RBL Bank Ltd.
8.00%
1%
1500
120
South Indian Bank Ltd.
8.50%
1%
1500
120
YES Bank Ltd.
8.90%
1%
1500
120
Bank Name Min Interest Rate
Bank of Baroda

7.50%

Bank of India

8.40%

Bank of Maharashtra

8.00%

canara

7.80%

Central Bank of India

7.90%

Indian Bank

7.50%

Indian Overseas Bank

7.50%

Karnataka Bank Ltd.

7.80%

Punjab & Sind Bank

7.80%

Punjab National Bank

7.75%

State Bank of India

7.50%

UCO Bank

7.70%

Union Bank of India

7.90%

United Bank of India

7.80%

Axis Bank Ltd.

8.00%

Bandhan Bank Ltd.

8.50%

City Union Bank Ltd.

8.75%

DCB Bank Ltd.

8.75%

Digibank (DBS)

8.90%

Federal Bank Ltd.

8.90%

HDFC Bank Ltd

8.95%

ICICI Bank Ltd.

8.50%

IDFC First Bank

8.75%

IndusInd Bank

8.60%

kotak mahindra bank

8.75%

kotak mahindra bank

8.75%

RBL Bank Ltd.

8.00%

South Indian Bank Ltd.

8.50%

YES Bank Ltd.

8.90%

₹ 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. ADDRESS 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. ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
  4. FIRM ADDRESS 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 ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
  6. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  7. 1 YEAR GST RETURNS
  8. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
  9. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
  10. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  11. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
  12. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
  14. AGREEMENT TO SELL COPY
  15. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
  16. PROJECTED FEASIBILITY REPORT
  17. COMPANY PROFILE & MSME CERTIFICATE
  18. POLLUTION CERTIFICATE
  19. CMA DATA
  20. MACHINE QUOTATION
  21. 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 Loan 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 Loan 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 Loan?

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

Related Topics

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