What are the parties involved in Project Loan?
- Sponsors
- Off Takers Host Government
- Banks/Financial Institutions
- Suppliers & Contractors.
Project Loan
| Bank Name | Min Interest Rate | Processing Fee | Max Tenure (Month) | Forclosure Charge | |
|---|---|---|---|---|---|
|
7.50%
|
1 %
|
84
|
2 %
|
|
|
8.00%
|
1 %
|
84
|
2 %
|
|
|
8.00%
|
1 %
|
84
|
2 %
|
|
.png)
|
8.75%
|
1 %
|
84
|
2 %
|
|
|
7.50%
|
1 %
|
84
|
2 %
|
|
|
7.50%
|
1 %
|
84
|
2 %
|
|
|
9.00%
|
1 %
|
84
|
2 %
|
|
|
9.00%
|
1 %
|
84
|
2 %
|
|
|
9.00%
|
1 %
|
84
|
2 %
|
|
|
8.00%
|
1 %
|
84
|
2 %
|
|
|
7.50%
|
1 %
|
84
|
2 %
|
|
|
5.50%
|
1 %
|
84
|
2 %
|
|
|
9.00 %
|
1 %
|
84
|
2 %
|
|
|
10.00%
|
1 %
|
84
|
2 %
|
|
.png)
|
9.00%
|
1 %
|
84
|
2 %
|
|
|
9.00%
|
1 %
|
84
|
2 %
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
7.50% |
|
|
|
8.00% |
|
|
|
8.00% |
|
|
|
8.75% |
|
|
|
7.50% |
|
|
|
7.50% |
|
|
|
9.00% |
|
|
|
9.00% |
|
|
|
9.00% |
|
|
|
8.00% |
|
|
|
7.50% |
|
|
|
5.50% |
|
|
|
9.00 % |
|
|
|
10.00% |
|
|
|
9.00% |
|
|
|
9.00% |
|
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
- Prop Firm
- Partnership Firm-LLP
- PVT. LTD.
- 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
- PHOTOGRAPH BOTH
- 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
- PHOTOGRAPH 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
- ALL DIRECTORS PHOTOGRAPH
- 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
How can I take Project Loan?
You can take loan from Private or Government bank or financial institute.
What is the advantage of Project Loan?
There are some advantages of Project Loan given below
- Economies of Scale
- Risk Management
- Effective Debt Allocation
- Flexible loan repayment.
Who are eligible for Project Loan?
Eligibility Criteria for Self-Employed Individuals, companies, and partnership firms.
What are the types of Project Loan?
- Cost Share Financing or Low interest loan financing.
- Debts Financing.
- Equity Financing.
What is Project Loan?
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?
Bank will check your repayment capacity, collateral, capital, character, and conditions.
What are the charges we have to pay on Project Loan?
The charges are project-appraisal, legal services, commitment, non-utilization, Competitive processing fees etc.
When I have to do repayment of Project Loan?
You can repay your Project Loan normally in 6 months or 12 months.
What are the documents required for Project Loan?
- Identity proof
- Address proof
- Bank statement
- Project specific details
- (KYC documents
Related Topics
-
PROJECT LOAN BLOGS
Personal Need Loan Products
Secured Loan Products
Unsecured Loan Products
- Business Loan
- Professional Loan
- Dropline Overdraft Limit
- Machinery Loan
- MSME Loan
- Capital Loan
- Construction Equipment Loan
- Supply Chain Finance
- Dealer Finance
- Vendor Finance
- Startup Loan
- Stand up Loan
- Medical Equipment Finance
- Factoring Finance
- warehouse receipt Finance
- Loan Against Credit Card Receipt
- Mudra Loan
Project Loan Products
- Project Loan
- Solar Power Project Loan
- Solar Rooftop
- Cold Storage Loan
- Warehouse Construction Loan
- School Loan
- College Loan
- Hotel Funding
- Construction builders
- Hydro Power Project Loan
- Transport Logistics
- Energy sector loan
- Water & Sanitation Funding
- Hospital Loan
- Tourism & Hospitality
- Healthcare Industry
- Power Project
9863-02-02-02