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.
Project Loan is offered for
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
Your loan can serve a variety of needs, everything from home renovation to debt consolidation and more.
If all your documents are in order the loan should be credited to your account in 24 hours.
Yes, but it comes with a marginal charge. You can read about it
Partners /Promoter Directors will be taken as co-applicant in case of Partnership/Pvt ltd co. respectively.
We offer competitive interest rates for our loan facilities. The interest for each loan is determined based on assessment of your business profile, past track record, financial records, loan amount required and tenure of loan.