Project Loan

Project Loan

Our company has established a geography / position in the industry by rendering highly efficacious Project Loan Services within the market. The financial personnel in our crew raise capital & finance for previously standing & new and future business entities, who want to increase their field of operations. Further-more, these personnel provide / offer great help to our audience for the planning of project report with financiers, financial institutions & many others.

Starting an aspiring new project?

Get project financing for enlargement, heterogeneousness, balancing of equipment, modernization, quality certification or anything else you might need to make sure that your projects are nothing short of victory /success.

Eligibility:

We tendered / offered to companies / firms in sectors such as automobiles, auto-ancillary, nourishment and agri-processing.

  • The corporate / firm must be in business for at least 3 yrs. with profit in the last audited monetary yr.
  • Greenfield projects can be deliberate only from recognized players in that business
  • Dealer condense funding loans can be deliberate for established dealers of reputed auto-mobile OEMs

Documents required / needed for availing Project Finance:

  • Company / firm profile as well as existing product range
  • Promoter profile including KYC details
  • Purpose of the loan
  • Security offered
  • Audited (balance sheets) of the last 3 yrs.

Features

  • Finance amount: Up-to Rs. 40 crore
  • Margin requirement: Depends on customer profile
  • Tenure: Up-to 6 yrs.
  • Security: Normally asset cover of 1.5 times

FAQs:

Project Finance

How much loan can I avail of and how is the quantum decided?

The loan quantum is determined based on your needs / requirement, credit assessment & re-payment capacity. However, it is restricted to Rs. 40 crore.

What can be approved as security for my business / commercial loan?

We accept an ample range of securities. The hue cycle includes land & real estate property, plant & machinery, equipment, Fixed Deposits, Deposit Certificates, KVP, NSC, securities issued by Central & State Governments, gold a& other cash equivalents, life insurance policies, and many  others.

How long will it take to get the loan?

The commercial loan will be processed within the 20 working days provided everything is in order.

How do I re-pay my loan?

You have the flexibility of opting for Equated Instalment, Bullet Re-payment or Ballooning Re-payment (depending on the needs / requirements of your business). PDCs, ECS mandate or Electronic Transfers are all accepted means of payment.

Can I pre-pay the loan?

Yes, you can pre-pay the business loan. Foreclosure charges at 2% shall be applicable on the principal outstanding.

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