About Project Loan

Why wait to start working on your ambitious project when you have a team of highly skilled funding experts waiting to fund your project. Make the most of the opportunity at hands and launch your project with Express Paisa project funding schemes.

What is a Project Loan/Funding?

Project loan is a type of a loan for long term capitalizing process for your project. In this segment, a bank or an NBFC provides the loan based on the evaluation of the project plan, its performance, estimated profitability etc. The loan could be a secured or unsecured loan and the repayment of the project loan can be done through the cash flow coming from the project or by diluting the assets if need be.

At Express Paisa, the project funding is super-fast and puts you in complete control of your project/s and lets you harness the opportunity at hands. We understand how working capital can be critical to your success and believe in your vision and determination to make a project successful.

Why Apply for Project loan with us?

  • Free consulting for best project loan
  • Guaranteed lowest rate of interest
  • Low prepayment charges
  • Maximum loan value
Apply for loan

Eligibility

  • Project Loans are offered to companies/partnership firms in selected sectors
  • The company/firm must be in business for at least 3 years with profit in the last audited financial year
  • Greenfield projects can be considered only from established players in that business
  • Dealer inventory funding loans can be considered for established dealers of reputed automobile OEMs

Good CIBIL Score.

A good CIBIL score is required for a quick approval of project loans as it checks your credit history over the period of time with other banks.

Essential repayment ability.

The amount of project loan sanctioned is decided based on the current income and banking history for the last 3 years for a salaried / self-employed professional.

Any salaried or self-employed professional between 21-60 years of age.

Salaried individuals from 21-58 years of age and self-employed of age 25-65 having incomes 20k/Month and 2lac/month respectively.

Documents Required

  • Company profile including existing product range
  • Promoter profile including KYC details
  • Brief project report / profile with projected balance sheet / P&L account
  • Address proof (Ration card / Tel / Electricity Bill / Lease agreement / Passport / Trade license / Sales Tax certificate)
  • Bank statement (latest 6 months bank)
  • Last 3 years audited financials including ITRs (computation of income) balance sheet and profit & loss a/c.
  • Proof of continuation (ITR/ Trade license /Establishment /Sales Tax certificate)
  • Sole proprietor declaration or certified copy of partnership deed, certified true copy of memorandum & articles of association & board resolution (original)
  • Certificate & proof of business existence along with business profile
  • Photocopy of title documents of the property, approved plan etc.
  • Latest paid stock / book debt statement, with list of debtors
  • Copies of quotations for purchase of machinery etc (in case of term loan)
  • The credit officer might require additional documents during the credit evaluation for your project loan

Get Loan For Whatever You Need Now

Enquire Now

Steps at Express Paisa

Unlike other finance companies Express Paisa goes that extra mile in understanding a customer and then suggesting an apt product for the loan. Your personal banking executive from Express Paisa will be at your doorstep on demand to clear all your doubts and present you a perfect loan product.

It follows the following 4 simple steps for a quick approval of your loan

Select Loan Type

We will customize offers with the top banks and best deals for you covering all your needs, all at the comfort of your home

Application Submission

No need to take a single step out of your house as we will help you from application form filling to documents collection and submission

Verification by Banks and Credit Assessment

We will provide complete assistance on bank’s internal checks on your identity, residence, office, income, CIBIL, risk assessment

Instant Loan Approval and Disbursement

We will do the required follow ups with the banks and ensure you a smooth delivery of loan amount in your bank

Why Express Paisa?

There are companies and agencies which claim to provide loans with attractive numbers and offers but it is crucial to know the minute intricacies before finalization for the loan not to be a burden.

At Express Paisa, the team of experts helps the borrower with the accurate information of the loan type to be availed by understanding the specific requirement and then suggesting the optimal one with best interest rates.

  • Partnerships with over 50 Banks
  • 1 Crore+ Satisfied Customer Base
  • 125 Crore+ Monthly Loan Disbursal
  • Present in 75+ Locations Pan India
  • Hassle Free Express Loan Approval
  • Complete End to End Support
  • Services at the Comfort of Your Home with Home Delivery
  • 100% Free of Cost Service – No Hidden Charges
  • Negotiations for Higher Discounts & Lower Interest rates
  • Instant Quotes for Quick Decision Making
  • One Stop Shop for Applying and Comparing Loans
  • Average Ratings of 4.5+ by over Million Customers

Frequently Asked Questions

The maximum finance that you can avail is limited to Rs. 40 crore. This amount is primely dependent on your requirement, credit assessment and repayment capacity.

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

A project loan gets processed within 3 weeks of submission of all required documents.

Equated Installment, Bullet Repayment or Ballooning Repayment (depending on the requirements of your business) are some of the common options. PDCs, ECS mandate or Electronic Transfers can also be used to repay your project loan.

By paying the Foreclosure charges which can range from 2-4% on the outstanding loan amount you can prepay the project loan.

Testimonials

Apply Now

Now apply for a Project Loan online, All you need to do is provide your details below application form.

Please follow and like us:
0