Project Loan availability and eligibility criteria
- Project loans are available for an amount up to 70% of the project cost,
- Project loans are available for a repayment time from 10 years to 25 years.
- Project loans are available for self-employed persons that either want to start a new project or already have their own project or their own company; it depends on their company’s credibility and their yearly turnover.
Eligibility Criteria: –
- The Project loans in India solely depend on the nature of the industry for which the loan is applied for. As there are no specific conditions required for the eligibility, the only concern of the bank remains in the profitability of the industry. Any firm having nice income, a reliable credit balance along with credibility in the market is eligible to apply for a Project Finance India