Project Loan

Project loan can be availed for both green-fields as well as brown-filed projects. Project loans are generally used for the purpose of investment in fixed asset or extension or renovation of the existing property, a new development or acquisition. Generally Tenure of a term loan can be of 6 month to 5 year depending upon type of project and its term. The sanction amount and ratio of Loan provided against security provided depends upon Track Record of the promoters and the company.

Who can avail?

It must be Company/Partnership firm It must have profit in last three financial years Reputed industry in the sector