Project Loan

Project Loan

  • What is Project Loan ?
  • Project Loan is provided to corporate borrowers for the purpose of capital expenditure including setting up of new/ additional manufacturing facilities, construction etc. Project loan is also available to acquire the fixed assets like land & building, plant & machinery etc

    A type of for purchase / construction of commercial property in approved areas. This includes loans for office space, shops.

    Our company has fixed a position in the industry by rendering highly effective Project Loan services in the market. The monetary personnel in our crew raise capital and finance for previously existing & new and future business entities, who want to increase their field of operations. Furthermore, these workforce offer great help to our patrons for the preparation of project report

  • Eligibility Of Project Loan
  • All Corporates having turnover Rs.500 Crores or project outlays of SPV's of Rs.500 Crores and above OR minimum exposure ( Funded + Non Funded) of Rs.25 Crores

    For salaried employees/ self-employed professionals/ non-professionals: Age of the customer should not be more than 50 years at the time of applying for loan.

    For partnership firms/ corporate bodies: The entity has to be in existence for at least 3 years prior to the date of application

    Both public sector and private sector companies are eligible

  • Features Of Project Loan
    • Mid / Large corporates having turnover more than Rs.500 Crores or Projects outlay of Rs.500 Crores OR minimum exposure ( Funded + Non Funded) of Rs.25 Crores, Companies (including SPV's) executing various infrastructure projects in sectors such as power- hydel / thermal / solar, roads, highways, bridges, ports, dams, airports, rail system, water supply, irrigation, sanitation and sewerage system, telecommunication, housing, industrial park or any other public
    • facility of a similar nature, construction relating to project involving agro processing, supply of agricultural inputs, preservation and storage of processed agro products, educational institutions and hospitals as may be notified by RBI from time to time ,Commercial Real estate projects like Hotels, residential / commercial complexes, setting up new plant / manufacturing facilities etc

  • Document Required For Project Loan
  • For Self Employed (Private Ltd. Co. and Partnership Firms)

    • PAN Card
    • Address Proof (Ration card Tel/ Electricity Bill/ Lease agreement/ Passport/Trade license /Sales Tax certificate)
    • Bank Statement (latest 6 months bank)
    • Last 2 Years ITRs (computation of income) Balance Sheet and Profit & Loss a/c. Audited or Certified by a CA
    • Proof of continuation (ITR/ Trade license /Establishment /Sales Tax certificate)
    • Sole Proprietor Declaration or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association & Board resolution (Original)
    • Certificate & Proof of business existence along with Business Profile
    • Photocopy of Title Documents of the Property, Approved Plan etc.

    For Self Employed (Individuals). Include - Sole proprietors, Partners & Directors

    • Proof of Identity (Passport / Voters ID card/ Driving License/PAN Card)
    • Address Proof (Ration card Tel/elect. Bill/ Lease agreement/ Passport/ Trade license /Sales Tax certificate)
    • Bank Statement (latest 6 months)
    • Latest ITR along with computation of income Balance Sheet & Profit & Loss a/c for the last 2 yrs. Audited or Certified by a CA
    • Proof of continuation (ITR/Trade license / Establishment /Sales Tax certificate)
    • Other Mandatory Documents (Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)
    • Certificate & Proof of business existence along with Business Profile
    • Photocopy of Title Documents of the Property, Approved Plan etc