Project Loan Overview

Starting an ambitious new project? Get project financing for expansion, diversification, modernisation, balancing of equipment, quality certification or anything else you might need to ensure your projects are nothing short of success.

Project Loan - Eligibility

Project Loans are offered to companies/partnership firms in select sectors like automobiles, auto-ancillary and food and agri-processing.

The company/firm must be in business for at least 3 years with profit in the last audited financial year.

Greenfield projects can be considered only from established players in that business
Dealer inventory funding loans can be considered for established dealers of reputed automobile OEMs.

Eligibility Calculator

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Loan EMI Calculator

Loan Amount is 30000
No. of Month is 30
Rate of Interest `{`ROI`}` is 10
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Projectl Loan Documents

Identity Proof
  • PAN Card (mandatory) and any one of the below documents
  • Voter Card
  • Aadhar Card
  • Valid Passport
  • Driving License
  • Photo Identity card issued by Govt. body
Address Proof  – Any one of the below documents:
  • Any one of the below documents:
  • Voter Card
  • Aadhar Card
  • Valid Passport
  • Latest Utility bill
  • Rent agreement on stamp Paper
  • Bank Statements reflecting address of borrowers of any commercial nationalized bank
  • Life Insurance Policy
  • Residence address Certificate /letter by employer on company letterhead
  • Municipal or property tax receipt
  • Post office saving bank account statement
Address Proof for Business Entities – Any one of the below documents:
  • Shops & Establishment Certificate
  • Trade License Certificate
  • SSI Registration Certificate
  • PAN Card/Sales Tax/ VAT Registration Certificate
  • Partnership Deed (for firms) / Memorandum of Association (MOA) for companies
  • Export-Import Code Certificate/Factory Registration Certificate
  • Professional qualification Certificate and Degree Certificate for Professionals
  • SEBI Registration Certificate
    Registration No issued by ROC
Proof of Income – (All the documents given below):
  • Income Tax Returns along with computation for last 2 financials years
  • Balance Sheet and Profit & Loss account along with all annexures (duly CA certified and audited if applicable)
  • Last six months current account statement of the business entity and saving account statement of individual
Other Documents – All the documents given below:
  • Documents related to running loans along with 6 months repayment bank statements
  • Latest List of share holding pattern (duly CA/CS certified)
  • MOA (for private Limited companies)
  • Partnership deed (for partnership firms)
  • Bio-data and net worth statement of promoters, directors or guarantors
  • Site map of the land and the building plan
  • Estimate of the building by the architect
  • Quotations from machine suppliers for the plant and machinery
  • SSI registration certificate
  • NOC from pollution department
  • Power sanctioned and installed
  • Detailed project report
  • Details of technical personnel’s and key managers
  • Manufacturing process and its flow chart
  • Sale or lease deed copy of collateral securities
  • List of plant and machinery
  • Collaboration agreement, if required
  • Agreement with technical consultants, if any

Frequently Ask Questions

The Project Loan is decided based on your requirement, credit assessment and repayment capacity.

A wide range of securities. Includes land & real estate property; plant & machinery, equipment; Fixed Deposits, Deposit Certificates, KVP, NSC, securities issued by Central and State Governments, gold and other cash equivalents; life insurance policies; and others.

Yes, a co-applicant can be added in order to get a better credit score and avail of a larger loan amount. It also help you to increase the loan amount you are eligible for. The income of the co-applicant also features in your valuation and helps in increasing your chances of getting a personal loan.

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

Yes,  prepayment of loans can be done after 6 months of loan payments.

Apply for Project Loan

You can apply for a Project Loan online, All you need to do is provide your details below application form.