Power Project

Customized financing arrangement for funding the electricity sector. Because gaining cash flow through equity is more expensive than debt, obtaining a loan may be the best option for funding your business.

Low Initial Payment

Enticing EMI

Instant Acceptance

No guarantor

Used Vehicle Loans

Refinance Existing Loans

Eligibility Criteria

Before applying for a loan, you should consider the following eligibility criteria:

  • The applicant should be between the ages of 25 and 65.
  • Any company involved in the investigation and development of hydro and bioenergy can apply.
  • A strong credit history is required.
  • Applicants must be Indian citizens.

Factors influencing Eligibility Criteria

The following are the top criteria that commonly affect Power Project Eligibility Criteria:

  • Incomplete Documentation – One of the key causes for impacting eligibility is incomplete documentation. For applying for any type of loan, adequate document submission is the basic criteria of all banks and NBFCs. Your application may be refused due to missing documents.
  • Irregular Payment Behavior – The lender will review your application and examine your credit record to assess your past performance in making payments. If you have a history of defaults or irregular payments, your eligibility will be negatively impacted.

Documents Required

  • Projected Financial
  • Pan Card Copy
  • Aadhar Card + Passport
  • Address Proof (If Rented, Also Require Permanent Address Proof)
  • Last 3 Years Form-16, ITR with Computation of Income (if filed)
  • Last 1 Year Bank Statement – Salary Account
  • Loan Schedule & Sanction Letter (If Running)
  • Complete Property Papers with Chain & Map + ATS
  • Processing Fee Cheque in Favour of the Bank
  • Projected Financial
  • Project Feasibility Report
  • Company Profile & Management Profile
  • ISO Certificate & MSME Certificate
  • Pollution Certificate
  • CMA Data
  • Machine Quotation
  • Building Construction Estimate
  • Last 3 Months Salary Slip + Appointment Letter
  • Photograph Both
  • Pan Card Clear Copy – Proprietor
  • Address Proof (Passport, Voter ID Card) – Proprietor
  • Office Address Proof Latest (Electricity Bill, Telephone Bill)
  • Firm Registration Certificates & GST Registration Copy
  • Last 1 Year GST Return Copy
  • Firm 3 Years ITR, Computation, Profit & Loss A/C, Balance Sheet, Tax Audit Report, All Schedules & Annexures
  • Provisional Financial AY 2023–24
  • Bank Accounts (Current Account, CC Account, OD Account – Last 1 Year Updated)
  • 6 Month Saving Account Statement Updated – Proprietor
  • If Running Any Loan – Provide Sanction Letter and Repayment Schedule
  • Agreement to Sell Copy
  • Property Papers with Chain & Sanction Map
  • Projected Financial
  • Project Feasibility Report
  • Company Profile & Management Profile
  • ISO Certificate & MSME Certificate
  • Pollution Certificate
  • CMA Data
  • Machine Quotation
  • Building Construction Estimate
  • Photograph Partners
  • Pan Card – Company, All Partners
  • Address Proof – All Partners (Passport, Voter ID, PAN Card, Aadhaar)
  • Firm Address Proof – Latest Any Utility Bill
  • Partnership Deed Copy
  • GST Certificate
  • GST Return – Last 1 Year
  • 3 Years Company ITR, COI, P/L A/C, Balance Sheet + Audit Report (3CB, 3CD), All Annexures, Schedules – CA Certified
  • Provisional Financial – AY 2023–24
  • 3 Years All Partners’ Individual ITR + Computation
  • Firm All A/C Bank Statements – Last 1 Year Updated
  • All Partner Saving A/C Statements – Last 6 Months
  • If Running Any Loan – Latest Sanction Letter + Track Records or Repayment Schedule
  • Agreement to Sell Copy
  • Property Papers – Complete Chain with Map
  • Project Feasibility Report
  • Company Profile & Management Profile
  • ISO Certificate & MSME Certificate
  • Pollution Certificate
  • CMA Data
  • Machine Quotation
  • Building Construction Estimate
  • All Directors’ Photograph
  • Clear PAN Card – Company and All Directors
  • Address Proof – Company and All Directors
  • List of Directors & Shareholders – CA Certified as on Date
  • Memorandum Order in Hand and Complete Copy (if applicable)
  • GST, Sale, VAT, and SSI Registration Certificates
  • 1 Year GST Returns
  • All Directors’ Individual ITR & Computation – Last 3 Years
  • Last 3 Years Complete Financials with Tax Audit Report and Annexure
  • Provisional Financials for Last FY or Month-wise Sale Figures – Last 1 Year
  • Company All Bank Account Statements – Last 1 Year Updated
  • All Directors’ Saving A/C Statements – Last 6 Months
  • If Running Any Loan – Latest Sanction Letter and Repayment Schedule
  • Agreement to Sell Copy
  • Property Papers – Complete Chain with Sanction Map
  • Projected Feasibility Report
  • Company Profile & MSME Certificate
  • Pollution Certificate
  • CMA Data
  • Machine Quotation
  • Building Construction Estimate

FAQs

Got questions? Our FAQs have answers and a sprinkle of humor. Dive in and discover more!

1. How much money can I borrow for a Power Project Loan?

Power Project Loans are available up to Rs. 10 lacs.

2. What Are the Advantages of a Power Project Loan?

It is a long-term loan with a fixed rate of interest that allows you to avoid additional charges on a high-interest credit card.

3. What are the conditions of the Power Project Loan?

You must follow the following terms and conditions when applying for a Power Project Loan

  • You can borrow up to ten lakh rupees.
  • Repayment terms of up to 24 months are available.
  • You must have proper documentation.

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