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Key Features of Project Loans

  • Loan Amount: Up to ₹50 crore based on project requirements.
  • Flexible Repayment: Loan tenure of 5 to 15 years.
  • Competitive Interest Rates: Starting from 9.00% p.a.
  • Quick Loan Processing: Approval within 5-15 working days.
  • Collateral & Non-Collateral Options: Loans available with and without security.
  • Funds for Multiple Purposes: Infrastructure, equipment purchase, working capital, etc.
  • Structured Repayment Plans: Tailored to cash flow cycles.
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Who Can Apply for a Self-Employed Project Loan?

  • Entrepreneurs & Business Owners: To fund large-scale projects.
  • Infrastructure Developers: For real estate, construction, and civil projects.
  • Manufacturing Units: To set up new plants or upgrade production lines.
  • IT & Technology Firms: For software development and tech expansion.
  • Healthcare & Hospitals: To invest in new medical facilities and equipment.

Eligibility Criteria for Self-Employed Project Loans

To qualify for a personal loan at Login to Loans, you must meet the following criteria:

  • Age: 21 to 65 years.
  • Business Stability: Minimum 2 years of profitable operations.
  • Credit Score: 750+ preferred for better loan terms.
  • Project Viability: A well-documented business plan and financial projection.
  • Annual Turnover: Minimum ₹50 lakh to ₹100 crore (varies by lender).
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Documents Required for a Project Loan

  • KYC Documents: PAN Card, Aadhar Card, Passport, or Voter ID.
  • Business Proof: GST Registration, Trade License, or Business Incorporation Certificate.
  • Financial Statements: Last 3 years’ ITR, Profit & Loss statements, and Balance Sheets.
  • Bank Statements: Last 12 months to verify cash flow.
  • Project Report: Detailed business plan, cost estimates, revenue projections, and feasibility study.
  • Collateral Documents (if applicable): Property or asset details for secured loans.

Why Choose Login to Loans for a Self-Employed Project Loan?

  • Customized Loan Solutions: Structured financing based on your project needs.
  • Quick Approval & Disbursal: Fast processing to meet project deadlines.
  • Low-Interest Rates: Affordable financing for high-value projects.

How to Apply for a Personal Loan?

  • Step 1: Check your loan eligibility and submit your project plan.
  • Step 2: Provide financial statements and required documents.
  • Step 3: Loan approval and terms finalization.
  • Step 4: Disbursement of funds based on project milestones.

Frequently Asked Questions (FAQs) About Project Loans

What is a project loan?
A project loan, also known as project finance, is a long-term financing solution for large-scale industrial, infrastructure, or public service projects. It relies on the project’s future cash flows for repayment, with the project’s assets, rights, and interests serving as collateral. Unlike traditional loans, it often uses a non-recourse or limited-recourse structure, meaning lenders have limited claims on the borrower’s other assets in case of default.
What types of projects are eligible for project loans?
Eligible projects typically include:
Infrastructure: Roads, bridges, airports, ports, power plants (thermal, solar, hydel), water supply, and telecommunications.
Industrial: Steel, cement, textiles, manufacturing facilities.
Public Services: Hospitals, educational institutions, and public-private partnership (PPP) projects.
Commercial Real Estate: Hotels, residential/commercial complexes.
Projects must demonstrate viability and sufficient cash flow potential.
Which banks and institutions provide project loans in India?
Major providers include:
Public Sector Banks: State Bank of India (SBI), Bank of Baroda, Union Bank of India, Punjab National Bank, Canara Bank.
Private Banks: HDFC Bank, ICICI Bank, Axis Bank, Kotak Mahindra Bank, Yes Bank.
Development Banks: SIDBI, EXIM Bank, NEDFi.
NBFCs: Tata Capital, Bajaj Finance, Aditya Birla Capital.
Government and cooperative banks are also active in project funding.
What are the eligibility criteria for a project loan?
Eligibility varies by lender but generally includes:
Project Viability: A detailed project report showing technical and financial feasibility.
Promoter’s Contribution: Typically 20-35% of the project cost.
Business Profile: Established companies or Special Purpose Vehicles (SPVs) with a strong track record. For large projects, corporates with a turnover above ₹500 crore or project outlay of ₹500 crore may be preferred.
Collateral: Project assets as primary security; additional collateral (e.g., immovable properties) may be required.
Creditworthiness: Good credit score and financial stability of promoters.
What documents are required to apply for a project loan?
Common documents include:
Project Report: Detailed plan with cost estimates, cash flow projections, and risk analysis.
Business Proof: Trade License, MOA/AOA, GST Registration, ITR, Partnership Deed.
KYC Documents: PAN, Aadhaar, Passport, or other identity/address proofs as per RBI guidelines.
Financial Statements: Balance sheets, profit & loss accounts, and ITRs for 2-3 years.
Collateral Documents: Property deeds, fixed asset details, or other security proofs.
Additional documents may be requested based on the lender’s requirements.
What are the types of project loans available?
Term Loans: Lump-sum loans with fixed or variable interest rates for a set period.
Revolving Credit Facilities: Allows borrowing up to a limit, repayable flexibly.
Equity Financing: Funds provided in exchange for project equity.
Public-Private Partnerships (PPPs): Joint funding by government and private entities.
Non-Fund Based Facilities: Bank guarantees, letters of credit for project needs.
What is the difference between recourse and non-recourse financing?
Non-Recourse: Lenders can only claim project assets in case of default; borrowers/shareholders have no personal liability.
Limited-Recourse: Lenders have limited access to sponsors’ assets beyond project collateral.
Recourse: Lenders can claim all borrower assets, including those outside the project.
Non-recourse is common in project finance to protect sponsors but may carry higher interest rates due to lender risk.
How is repayment structured for project loans?
Repayment is primarily based on the project’s cash flows once operational. Key features:
Moratorium Period: Interest-only payments or no payments during construction.
Instalments: Principal and interest repaid post-completion, aligned with cash flow projections.
Tenure: Long-term, often 5-20 years, depending on the project.
Ring-Fencing: Cash flows are isolated to ensure repayment priority.
What are the interest rates for project loans?
Interest rates vary based on the lender, project risk, and market conditions:
Banks: Typically 8-12% p.a. for secured loans.
NBFCs: May range from 10-15% p.a. or higher for unsecured/hybrid facilities.
Government Schemes: Subsidized rates for specific sectors (e.g., MSMEs, infrastructure).
Rates are influenced by the project’s credit rating, collateral, and promoter’s profile.
What are the benefits of project loans?
High Liquidity: Provides large capital for capital-intensive projects.
Risk Allocation: Shifts some risks to lenders, reducing sponsor liability.
Off-Balance Sheet: Debt may not impact the parent company’s credit rating.
Structured Financing: Tailored solutions for complex projects, often through SPVs.
Economic Growth: Supports infrastructure and industrial development.
What are the challenges or risks of project loans?
Common challenges include:
Limited collateral for traditional loans.
High perceived risk by lenders, especially for startups or micro-enterprises.
Complex documentation for non-digital applications.
Regional financing gaps: Globally, 40% of MSMEs face an unmet need of $5.2 trillion annually.
Government schemes and digital platforms aim to bridge these gaps.
How long does it take to get a project loan approved?
Approval timelines depend on the lender and project complexity:
Banks: 1-3 months, subject to due diligence and documentation.
NBFCs: Faster, sometimes within 4-5 days for smaller loans with minimal documentation.
Online Platforms: Some claim instant approval, but full disbursal may take 1-2 weeks.
Delays may occur if the project report or collateral verification is incomplete.

List of Project Loans Banks in India