Project Finance
With Project Financing, a company can arrange for a loan based on the cash flow generated at the end of a project while using the assets, rights, and interests of the concerned project as collateral. If you are planning to start an industrial, infrastructure, or public services project and need funds for the same, Project Financing might be the answer that you are looking for.
Who can apply for Project Finance?
- Public or private companies are preferred for financing projects. Limited liability partnerships can also be incorporated for undertaking projects
Rate of Interest
Rate of Interest for Project Finance is 10% to 15%
Documents Required for Project Finance
It depends upon the size of the project or project cost. Mainly the promoter /Entrepreneur have to submit the following information :
- Application Form
- ITR for last 3yrs
- Memorandum of Articles of Associations and Certificate Of Incorporation (in case of Company)
- Market Demand, Market supply & Competitors
- Details of the Plant Machinery Along With Quotation From Suppliers
- Registration with the concerned department Such as Tourism Department and the license for Easing House in case of Hotel Industry
- Copy of Business bank Statement
- Details of existing Loan from other bank
- Project Feasibility reports.
Apply For Project Finance Loan