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Power Project

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Enquiry Form
Power Project
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month)
Bank Name Min Interest Rate
₹ 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 Power Project Eligibility Criteria?

Customized loan facility for power project sector funding. As acquiring cash flow through equity would cost higher as compared to debt, getting a loan can be ideal choice of financing your project.

Power Project Eligibility Criteria

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

  • • Applicant should be in-between 25 –65 years
  • • Any companies engaged in exploration & development of hydro & bio energy can apply
  • • Should have good credit history
  • • Applicant must be resident of India

What are the factors generally affecting Power Project Eligibility Criteria?

There are Top factors that generally affects Power Project 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.

What are the ways to increase Power Project eligibility?

To increase Project Power in india 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.

Documents Required

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

This credit facility is for the power project 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 power project loan?

You can take up to Rs. 10 lacs on power project loans.

Who is eligible for Who is eligible for power project loan?

  • The manufacturers of advanced technology vehicles and components are eligible for power project loans.
  • sole proprietorship, partnership, non-profit, corporation, or other business entity are eligible for power project loan.
  • All commercial properties are eligible for power project loan

What are the Benefits of power project loan?

Its long-term loan with a fixed rate of interest and avoid more expenses on a high-interest credit card.

Is there any processing fee of power project loan?

No, you don’t have to pay any processing fee on power project loan.

What will be the maximum tenure period for energy sector loan?

The maximum tenure period for power project loans is 12 years from the moratorium period.

Which bank is best for power project loan?

you must go with some private and government banks that provide loans with low rates of interest.

What are the terms and condition of power project loan?

Some terms and conditions you have to follow at the time of power project loan: -

  •  You can take loan up to 10 lakhs
  • Flexible repayment up to 24 months
  •  You should have Proper documents.

Related Topics

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