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Project Loan

Bank Name Min Interest Rate Processing Fee Forclosure Charge Max Tenure (Month) Chances of Loan Approval
8.50% 1 % 2 % 120
8.75% 1 % 2 % 120
9.50% 1 % 2 % 120
8.50% 1 % 2 % 120
8.50% 1 % 2 % 120
8.70% 1 % 2 % 120
9.00% 1 % 2 % 120
8.65% 1 % 2 % 120
9.00% 1 % 2 % 120
8.80% 1 % 2 % 120
8.70% 1 % 2 % 120
8.75% 1 % 2 % 120
8.90 % 1 % 2 % 120
8.50% 1 % 2 % 120
8.80% 1 % 2 % 120
9.00% 1 % 2 % 120
Apply Now EMI Calculator Eligibility Criteria Documents Check List FAQs
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Eligibility Criteria

What you mean by Project loan Eligibility Criteria?

Project loan is one such loan dedicatedly provided to corporate borrowers for their business & capital expenditure like setting up new project or growing up existing business project. Before applying for loan, make sure that you meet specific eligibility criteria as required like you need to prepare project report for bank loan & CMA earlier while availing project loan.

Project loan Eligibility Criteria

Project loan Eligibility Criteria depends on various factors like age of individual, repayment history, business sales/turnover, total work experience & Creditworthiness ...etc.

Eligibility Criteria for Self-Employed Individuals

  • • Age Limit of Self –Employed Individuals - 21 to 65
  • • Public & private both sector companies are eligible
  • • Minimum Years of Business continuity –3 Years with profit in last audited financial year.

What are the factors generally affecting Project loan Eligibility Criteria?

There are top factors that generally affects Project loan Eligibility Criteria as given below: -

Avoid applying multiple loan & credit card: - It is one of the key factor you should consider that avoid applying for multiple loan & credit card as it will harm your credit score & reduces your eligibility level.

Past Credit History: - Do you know, your past credit history can impact your present & future loan appearing chances. Due to lack of score you fail to avail a project loan.

Newly existing business: - Usually, not every business is eligible to get loan, as lenders have some fix terms & policies, one of them was newly existing business are ineligible as they don’t know your past performance on business.

What are the ways to increase Project loan eligibility?

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

Build a high credit score: - This is one of the best way to increase eligibility of project loan, because lenders generally check your credit score as much as higher the score, your chances of loan approval increases.

Include all sources of income: - Your regular source of income plays a critical role in evaluating loan application, if it seems as low then probably your chances of rejection increase but if you add all your possible income sources then it will help you to increase your eligibility.

Documents Required

INDIVIDUAL
  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

PROP FIRM
  1. PHOTOGRAPH BOTH

  2. PAN CARD CLEAR COPY PROPRIETOR

  3. ADDRESS 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

PARTNERSHIP FIRM
  1. PHOTOGRAPH 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. 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

PVT.LTD
  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 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

FAQs

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.

What are the parties involved in Project Loan?

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  • Sponsors
  • Off Takers Host Government
  • Banks/Financial Institutions
  • Suppliers & Contractors.

How can I take Project Loan?

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You can take loan from Private or Government bank or financial institute.

What is the advantage of Project Loan?

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 There are some advantages of Project Loan given below

  1. Economies of Scale
  2. Risk Management
  3. Effective Debt Allocation
  4. Flexible loan repayment.

Who are eligible for Project Loan?

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Eligibility Criteria for Self-Employed Individuals, companies, and partnership firms.

What are the types of Project Loan?

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  • Cost Share Financing or Low interest loan financing.
  • Debts Financing.
  • Equity Financing.

What is Project Loan?

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When we take loans for any project like an industrial project, public services, infrastructure, construction and innovation, etc.

What the things banks check before giving a Project Loan?

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Bank will check your repayment capacity, collateral, capital, character, and conditions.

What are the charges we have to pay on Project Loan?

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The charges are project-appraisal, legal services, commitment, non-utilization, Competitive processing fees etc.

When I have to do repayment of Project Loan?

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You can repay your Project Loan normally in 6 months or 12 months.

What are the documents required for Project Loan?

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  • Identity proof
  • Address proof
  • Bank statement
  • Project specific details
  • (KYC documents)

Related Topics
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