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Project Loan

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About Project Loan

A project loan is provided to corporate borrowers for 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.

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Documents Required for Project Loan

    Personal Documents
  • 1. PAN card
  • 2. Aadhaar card/ Voter Card/ Driving License
  • 3. Electricity Bill
  • 4. Trade License for the last 4 years
  • 5. A copy of passport size photo
    Other Documents
  • 1. Last 6 month bank account statement
  • 2. GST Certificate (if applicable)
  • 3. GST Return for the last two years
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Project Loan is Offered For

Mid / Large corporates having turnover of more than Rs.500 Crores or Projects outlay of Rs.500 Crores OR minimum exposure ( Funded + Non-Funded) of Rs.25 Crores.

Companies (including SPVs) 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 projects 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

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Home Loan - Eligibility

All Corporate having turnover of 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.

Both public sector and private sector companies are eligible.

FAQ

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

  • Identity Proof
  • PAN Card (mandatory) and any one of the below documents
  • Voter Card
  • Aadhar Card
  • Address Proof
  • Latest Utility bill
  • Rent agreement on stamp Paper
  • Municipal or property tax receipt
  • Address Proof for Business Entities
  • Shops & Establishment Certificate/Trade License Certificate/SSI Registration Certificate/Partnership Deed (for firms) / Memorandum of Association (MOA) for companies/Export-Import Code Certificate/Factory Registration Certificate
  • Proof of Income – (All the documents given below):
  • Income Tax Returns along with computation for the last 2 financial years
  • Balance Sheet and Profit & Loss account along with all annexure (duly CA certified and audited if applicable)
  • Last six months current account statement of the business entity and saving account statement of individual

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

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

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

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To apply for your required loan scheme, provide the necessary details in the application form below.

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