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It is a special type of funding that is sanctioned for industrial projects, public infrastructure, and public services that have limited or non-recource financial structures. In a project loan, the repayment of the debt is made by the cash flow that the project generates. However, the assets, rights, and interests of the project serve as secondary collateral to the lending authority. Here, the borrowers of a project loan will not have ownership of the project until it is completed. Above all, better tax treatment can be availed by the project and/or the sponsor with the project loan.
If want to apply for a Project Loan, you must meet the following criteria.
Age Limit | The applicant should be min 21 years & max. 65 years. |
Income | Business should be profit making at least for the past 3 years |
Turnover | Rs. 250,000 p.a. should be the minimum annual income |
Co-applicants | Business should be profit making at least for the past 2 years |
Audited | We accept only audited financials by CA. |
Cash flow | On the other hand, we denounce with righteous indignation. |
Type of the Business | Proprietorship, Partnership, Pvt.Ltd. or Public Ltd. |
If want to apply for a Project Loan, you must have the following document.
Your entire borrowing process simple and user friendly You can get your loan funded in as little as 48 hours
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
We will customize a loan based on the amount of cash your company need term length
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Have questions? Here’re the answers.
The rights, interests, and assets of the project serve as collateral in the case of project financing.
It is a type of funding in which the borrower pays the debt only from the profit earned from the project for which funds are received.
Special purpose vehicles (SPVs) are employed to check the progress of the project for which funds are given.
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