| Bank Name | Maximum Loan Amount | Monthly EMI ( Principal amount only ) |
|---|
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | Chances of Loan Approval | |
|---|---|---|---|---|---|---|
Bank of Baroda
|
9.00% | 1% | 1000 | 120 |
|
|
Bank of India
|
9.50% | 1% | 1500 | 120 |
|
|
Bank of Maharashtra
|
9.25% | 1% | 1000 | 120 |
|
|
Canara Bank
|
9.50% | 1% | 1000 | 120 |
|
|
Central Bank of India
|
9.00% | 1% | 1500 | 120 |
|
|
Indian Bank
|
9.75% | 1% | 1000 | 120 |
|
|
Indian Overseas Bank
|
9.00% | 1% | 1500 | 120 |
|
|
Karnataka Bank Ltd.
|
9.20% | 1% | 1500 | 120 |
|
|
Punjab & Sind Bank
|
9.75% | 1% | 1000 | 120 |
|
|
Punjab National Bank
|
9.00% | 1% | 1500 | 120 |
|
|
State Bank of India
|
9.00% | 1% | 1000 | 120 |
|
|
UCO Bank
|
9.00% | 1% | 1500 | 120 |
|
|
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Union Bank of India
|
9.00% | 1% | 1000 | 120 |
|
|
United Bank of India
|
9.85% | 1% | 1500 | 120 |
|
|
In the global energy market, hydro power is emerging as dominate to rule, if you are looking for financing your hydro project then, it would be a great decision to take & implement further. Hydro project loan interest rates are more affordable to pay. It has some eligibility you need to look further before applying.
Hydro power project loan Eligibility CriteriaThere are some eligibility criteria you are required to have a look before applying for loan -
Note: - You can get minimum 1 Cr to maximum 100 as a loan amount, generally, 75% of project cost are funded.
What are the factors generally affecting Hydro power project loan Eligibility Criteria?There are Top factors that generally affects loan Eligibility Criteria as given below-
Ineffective cash flow: - It happen when your company spend a lot of money on that particular time period where revenue is nil, as it will affect company cash flow management & led to lower ineligible to get a loan.
Poor credit rating: - When you miss to do payment neither make a late payment nor carrying multiple credit cards let to have a poor credit rating reflects a bad credit score & will make it harder to a loan.
To increase Hydropower loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Improve credit scores: - There are various method to improve credit scores, give importance to make all types of payments on time whether it's an eligibility bill, phone bill, existing loan EMI on monthly basis, credit card proper maintenance, always try to use only 30% - 40% credit cards limit, as usage led to lower risk & will help you to improve credit score.
Add additional sources of income: - Apart from your monthly income, if you are doing any part time work, then try to add it as a additional sources of income, by adding it will enhance your repayment capacity & led to increase eligibility.
PROJECTED FINANCIAL
PAN CARD COPY
AADHAR CARD + PASSPORT
ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
PROCESSING FEE CHEQUE IN FAVOUR OF BANK
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCTION ESTIMATE
LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
PAN CARD CLEAR COPY PROPRIETOR
ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
LAST 1 YEAR GST RETURN COPY
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
PROVISIONAL FINANCIAL AY 2019-20
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS WITH CHAIN SANCTION MAP
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCTION ESTIMATE
PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
PARTNERSHIP DEED COPY
GST CERTIFICATE
GST RETURN LAST 1 YEARS
3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
PROVISIONAL FINANCIAL AY 2019-20
3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
ALL PARTNER SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH MAP
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CETIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING ONSTRUCTION ESTIMATE
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
ADDRESS PROOF – COMPANY AND DIRECTORS.
LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM
ORDER IN HAND AND COMPLETE COPY (if applicable)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.,
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
PROJECTED FEASIBILITY REPORT
COMPANY PROFILE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCATION ESTIMATE
Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.
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Yes, Collateral or security is required for this loan.
+
The Interest Rate on Hydropower Projects is higher at 11.75% to 13.40%.
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Some simple steps you can get Hydro Power Project Loan; -
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Hydro Power Project Loan can be provided by banks or finance providers.
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Hydro Power Project Loan repayment period is 8 to 15 years.
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The currently Interest Rate is around 4 – 5%.
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Hydro Power Project is a traditional technology that uses the potential energy of water to generate electricity.
CA Vikas Jain - Our Mentor
9863-02-02-02