What is Project Loan

 

Project Loan is generally provided by the Banks based on the assumption of a Particular Project undertaken by the customer. Banks very deeply go through the past track record of the promoters like What type of business they are in/were, what is their knowledge regarding the project to be undertaken, What is the feasibility of the project and many other queries.

 

Rate of Interest

 

Rate of Interest in the project loan depends on the Rating of the client in the bank which depends on the CIBIL, Asset base etc.However it presently range from 10% to 16%.

 

Property

 

Following properties can be considered for Project Loan :

 

  1. Residential – Approved, Regularized
  2. Commercial – Approved, Regularized
  3. Industrial – Approved
  4. Farm House - Approved
  5. Hotel, Restaurant, Guest House, School, College etc

 

HI! I'M YOUR FINANCIAL ADVISOR AND I
WILL HELP YOU FIND THE BEST LOAN.