| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
8%
|
1%
|
100
|
18
|
|
|
9%
|
1%
|
100
|
18
|
|
|
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|
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|
100
|
18
|
|
|
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|
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|
100
|
18
|
|
|
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|
100
|
18
|
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|
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|
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|
100
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18
|
|
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100
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|
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|
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100
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|
|
|
9%
|
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|
100
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18
|
|
|
8%
|
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|
100
|
18
|
|
|
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|
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|
100
|
18
|
|
|
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|
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|
100
|
18
|
|
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|
8%
|
1%
|
100
|
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|
|
|
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|
1%
|
100
|
18
|
|
|
9%
|
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|
100
|
84
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
8% |
|
|
|
9% |
|
|
|
9% |
|
|
|
9% |
|
|
|
9% |
|
|
|
8% |
|
|
|
9% |
|
|
|
9% |
|
|
|
9% |
|
|
|
8% |
|
|
|
8% |
|
|
|
9% |
|
|
|
8% |
|
|
|
9% |
|
|
|
9% |
|
The Main aim of the loan providing is to set up warehouse in rural areas to support farmers harvesting fruits & vegetables to be stored on specific temperature from spoilage.
There are few eligibility criteria you are required to have a look before applying for loan-
Note: - You can avail up to 80% of project cost as a loan amount, but generally min to max ranging for construction loan will be 1 Lakh to 20 Crore.
There are Top factors that generally affects loan Eligibility Criteria as given below:-
Credit History – Your credit history would affect your eligibility level as the lenders will check your credit history to ensure that you are capable of repaying loan on time, if in past ever missed any payment or paid bills delay then it will lower your chances of getting loan.
Professional status: - If you are a self-employed, professional or businessman then you would require showing all professional details with bank statement as to let know financial stability.
To increase Warehouse construction loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Relationship with lender: - Having a good relationship with your lender can help you getting multiple advantages, like negotiating loan amount as well as interest rates.
Include extra Income: - Apart from your regular monthly income, you can also add up any income that generated by you as it will additionally increase your eligibility strength.
Which are the documents required in Standup India Loan?
Who are eligible for Stand up Loan?
If you are SC, ST or Women entrepreneurs with above 18 years of age & having a green field project can apply for Stand up Loan.
How to apply for Stand up India Loan?
Get Stand up India Loan application form by visiting official website- Download the form – Fill the form with correct value
What is Stand up Loan?
The main aim of the loan is to do funding for at least one SC, ST & women entrepreneurs per bank for setting up greenfield project.
What is the benefits of Stand up Loan?
How much minimum & maximum loan amount can I get through Stand up Loan?
Under Stand up Loan borrower can get minimum 10 lakh to maximum 1 Crore loan amount.
How much processing fee is charged for Stand up Loan?
Processing fee is levied upon processing Stand up Loan application which from 0.5% to 3.00%
Which bank provide Stand up Loan?
All government banks provide this credit facility as given below: -
Is there any subsidy scheme available for Stand up Loan?
No, not any scheme is available for this credit facility as it does only funding & that too up to 75% of project cost.
What is the current Interest Rate for Stand up Loan?
The current Interest Rate for Stand up Loan India starts from 10.00% to 22.00% depending on applicant credit profile & earlier repayment history.
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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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