Project Loan

FINANCESEVA1234 L

 

A project loan is offered to associate individuals to design the expenditure of the capital which includes construction, setting up of additional or new manufacturing facilities, etc. It is also provided to get fixed assets such as plant and machinery, land and building, etc.

Interest rate of financeseva for project loan

 

Rate of interest for project loan of financeseva is @5.50% onwards.

 

Interest rate and processing fees by top banks

Bank name Interest rate Processing fee

Punjab National Bank

8.00%

1%

Canara bank

8.75%

1%

Bank of Maharashtra

8.00%

1%

Central bank of India

7.50%

1%

Bank of India

8.00%

1%

Indian bank

7.50%

1%

Punjab & Sind Bank

9.00%

1%

Indian Overseas Bank

9.00%

1%

Bank of Baroda

7.50%

1%

UCO Bank

10.00%

1%

State bank of India

7.50%

1%

Union Bank of India

9.00%

1%

South Indian Bank Ltd.

9.00%

1%

Karnataka bank ltd.

9.00%

1%

United Bank of India

9.00%

1%

Small Industries Development Bank of India

5.50%

1%

Documents required for project loan For identity proof: -

• Passport-sized photographs
• Aadhar card
• PAN Card
• Driving License
• Voter ID Card

For income proof: -

• Bank statement for previous 2 years
• Documents of company
• Income Tax Return with computation of balance sheet
• Profit and Loss statement

For address proof: -

• Lease agreement
• Electricity bill
• Water bill
• Ration card