| 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% | 1500 | 120 |
|
|
Bank of India
|
9.50% | 1% | 1500 | 120 |
|
|
Bank of Maharashtra
|
9.75% | 1% | 1000 | 120 |
|
|
Canara Bank
|
9.25% | 1% | 1000 | 120 |
|
|
Central Bank of India
|
9.25% | 1% | 1500 | 120 |
|
|
Indian Bank
|
9.45% | 1% | 1500 | 120 |
|
|
Indian Overseas Bank
|
9.50% | 1% | 1000 | 120 |
|
|
Karnataka Bank Ltd.
|
9.85% | 1% | 1500 | 120 |
|
|
Punjab & Sind Bank
|
9.25% | 1% | 1000 | 120 |
|
|
Punjab National Bank
|
9.00% | 15 | 1000 | 120 |
|
|
State Bank of India
|
9.00% | 1% | 1500 | 120 |
|
|
UCO Bank
|
9.75% | 1% | 1000 | 120 |
|
|
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Union Bank of India
|
9.00% | 1% | 1500 | 120 |
|
|
United Bank of India
|
9.50% | 1% | 1000 | 120 |
|
|
Axis Bank Ltd.
|
8.50% | 1% | 1500 | 120 |
|
|
Bandhan Bank Ltd.
|
8.75% | 1% | 1000 | 120 |
|
|
City Union Bank Ltd.
|
8.65% | 1% | 1000 | 120 |
|
|
DCB Bank Ltd.
|
8.65% | 1% | 1000 | 120 |
|
|
Digibank (DBS)
|
8.75% | 1% | 1500 | 120 |
|
|
Federal Bank Ltd.
|
8.65% | 1% | 1000 | 120 |
|
|
HDFC Bank Ltd
|
8.50% | 1% | 1500 | 120 |
|
|
.png)
ICICI Bank Ltd.
|
8.90% | 1% | 1000 | 120 |
|
|
IDFC First Bank
|
8.75% | 1% | 1500 | 120 |
|
|
IndusInd Bank
|
8.75% | 1% | 1500 | 120 |
|
|
Kotak Mahindra Bank
|
9.90% | 1% | 1000 | 120 |
|
|
RBL Bank Ltd.
|
8.90% | 1% | 1000 | 120 |
|
|
South Indian Bank Ltd.
|
8.50% | 1% | 1500 | 120 |
|
|
YES Bank Ltd.
|
8.60% | 1% | 1500 | 120 |
|
|
Get fund against your unpaid invoices, this help to have a strong unbreakable cash flow & good operational management of business. Avoid waiting for unpaid invoices to get paid as it will affect your present business also, hence opt for Transport and logistics.
Transport logistics Eligibility CriteriaThere are few eligibility criteria you are required to have a look before applying for loan -
There are Top factors that generally affects Transport logistics 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 you 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 Transport logistics' eligibility?To increase Transport logistics' eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Relationship with lender: - 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.
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
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 (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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This credit loan is provided for managing how resources are acquired, planning, controlling, storing, and transportation and warehousing.
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No Collateral security is required for Transport Logistics.
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Almost all Government Banks provide Transport Logistic Loan at low and fair Interest Rate.
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If, you have low cibil score then you can't take Transport Logistic Loan .Your cibil score should be above 750 then only you can apply for transport logistic loan.
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The construction builders loan eligibility criteria's is given below: --
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There are some features and benefits of Transport Logistic Loan: -
CA Vikas Jain - Our Mentor
9863-02-02-02