| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.25%
|
1%
|
1000
|
120
|
|
|
8.30%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.60%
|
1%
|
1000
|
120
|
|
|
8.10%
|
1%
|
1000
|
120
|
|
|
8.30%
|
1%
|
1500
|
120
|
|
|
8.60%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.10%
|
1%
|
1500
|
120
|
|
|
8.20%
|
1%
|
1000
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
.png)
|
8.60%
|
1%
|
1500
|
120
|
|
|
8.45%
|
1%
|
1000
|
120
|
|
|
8.75%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1000
|
120
|
|
|
8.90%
|
1%
|
1000
|
120
|
|
|
8.95%
|
1%
|
1500
|
120
|
|
|
8.60%
|
1%
|
1500
|
120
|
|
|
8.20%
|
1%
|
1500
|
120
|
|
|
8.30%
|
1%
|
1000
|
120
|
|
.png)
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
|
8.25%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1000
|
120
|
|
|
8.20%
|
1%
|
1500
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
8.00% |
|
|
|
8.25% |
|
|
|
8.30% |
|
|
|
8.00% |
|
|
|
8.60% |
|
|
|
8.10% |
|
|
|
8.30% |
|
|
|
8.60% |
|
|
|
8.00% |
|
|
|
8.10% |
|
|
|
8.20% |
|
|
|
8.90% |
|
|
|
8.60% |
|
|
|
8.45% |
|
|
|
8.75% |
|
|
|
8.00% |
|
|
|
8.90% |
|
|
|
8.95% |
|
|
|
8.60% |
|
|
|
8.20% |
|
|
|
8.30% |
|
|
|
8.00% |
|
|
|
8.90% |
|
|
|
8.90% |
|
|
|
8.25% |
|
|
|
8.00% |
|
|
|
8.20% |
|
|
|
8.90% |
|
Customized loan facility for renewable energy set-up. As acquiring cash flow through equity would cost higher as compared to debt, getting a loan can be ideal choice of financing your project.
There are few eligibility criteria you are required to have a look before applying for loan -
There are Top factors that generally affects Energy sector loan Eligibility Criteria as given below-
Due to Incomplete Documentation: - One of the major reasons behind affecting the eligibility is incomplete documentation, for applying any kind of loan proper document requirement is the basic criteria of all banks & NBFC, due to incomplete docs your application will get rejected.
Irregular behavior in payment: - Lender will go through your application & check your credit report to know about past performance on doing payments & all, if it seems like you had irregular, default in making payment will affect your eligibility.
To increase Energy sector loan' eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Well business plan: - Usually for any project funding a well thought business plan requires to estimate the funding prospect, used equipment & technology, finally a revenue generation plan. Strong business plan will definitely going to boost your eligibility.
Maintain good credit: - Pay your loan EMI, bills on regular basis to avoid any kind of score affect in credit. If you are looking to close old credit cards, avoid doing that, as it can help you increasing credit limit as well as loan eligibility.
What is Energy Sector Loan?
This credit facility is for the Energy Sector whose qualified projects that invest in energy conservation, renewable energy, alternative fuels, or create other products from recycled materials can able to apply for this loan.
How much loan I can take on Energy Sector Loan?
You can take up to Rs. 10 lacs on Energy Sector Loan.
Who is eligible for Energy Sector Loan?
What are the Benefits of Energy Sector Loan?
Its long-term loan with a fixed Rate of Interest and avoid more expenses on a high-interest credit card.
What are the terms and condition of Energy Sector Loan?
Some terms and conditions you have to follow at the time of Energy Sector Loan: -
Is there any processing fee of Energy Sector Loan?
No, you don’t have to pay any processing fee on Energy Sector Loan.
What will be the maximum tenure period for Energy Sector Loan?
The maximum tenure period for Energy Sector Loan is 12 years from the moratorium period.
Which bank is best for Energy Sector Loan?
you must go with some Private and Government Banks that provide loans with low Rates of Interest.
Want to get financial service? Advise by CA Vikas Jain
CA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
Read MoreCA Vikas Jain - Chief Advisor
Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...
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