Eligibility Criteria

Self-Employed Individuals

• Individuals who work for themselves must be between the ages of 21 and 65.
• Companies from both the public and private sectors are eligible.
• Minimum Years of Business continuity -3 Years with profit in the last audited financial year.

What variables influence project loan eligibility criteria in general?

The following are the key factors that commonly influence Project Loan Eligibility Criteria:

Avoid applying for many loans and credit cards- It is important to avoid applying for several loans and credit cards because it will affect your credit score and diminish your eligibility level.

Previous Credit History - Did you aware that your past credit history can affect your current and future loan application chances? You are unable to obtain a project financing due to a low credit score.

Newly established business - Generally, not every business is qualified for a loan because lenders have fixed terms and policies, one of which is that newly established businesses are ineligible because they don't know your past performance on business.

Documents Required

Individual

• Pan Card Copy
• Aadhar Card + Passport
• Address Proof If Rented Also Required Permanent Address Proof
• Last 3 Years Form -16, ITR with Computation of Income If File
• 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 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 Proprietary Firm

Proprietary Firm

• Both Photographs
• Proprietor of a Pan Card Clear Copy
• Proof of Address (Passport, Voter ID Card) Proprietor
• Latest Office Address Proof (Electricity Bill, Telephone Bill)
• Certificates of Firm Registration & GST Registration Copy
• Copy of the Last Year's GST Return
• 3 Years ITR Computation for Firm, Profit Loss A/c, Balance-Sheet, Tax Audit Report, All Scheduled & Annexure
• Financial Provisional Ay 2019-20
• Accounts in Banks (Current Account, Cc Account, Od Account Last 1 Year Updated)
• Updated 6 Month Saving Account Statement (Proprietor)
• Please Provide Sanction Letter and Repayment Schedule If Running Any Loan
• Copy Sale Agreement
• Property Papers Including a Chain Sanction Map
• Financial Projections
• Report on Project Feasibility
• Company and Management Profiles
• Iso Certification and MSME Certification
• Certificate of Pollution
• Data CMA
• Quotation for Machine
• Estimated Cost of Building Construction

Partnership Firm LLP

• Photograph Partners
• Pan Card - Company, All Partners
• Address Proof - All Partners (Pass Port, Voter I Pan Card, Adhaar)
• Firm Address Proof- Latest Any Utility Bill
• Partnership Deed Copy
• Gst Certificate
• GST Return Last 1 Year
• 3 Year Company ITR COI P/l A/c Balance sheet + Audit Report 3cb 3cd, All Annexures, Scheduled with C.A. Certified
• Provisional Financial Ay 2019-20
• 3 Years all Partner Individuals ITR + Computation
• Firm All A/c Bank Statement 1 Year Updated
• All Partner Saving A/c Statement 6 Month
• If Running Any Loan – Latest Sanction Letter + Track Records or Repayment Scheduled
• Agreement to Sell Copy
• Property Papers Complete Chain with Map
• Projected Financial
• Project Feasibility Report
• Company Profile & Management Profile
• ISO Certificate & MSME Certificate
• Pollution Certificate
• CMA Data
• Machine Quotation
• Building Construction Estimate

PVT LTD

• All Director’s Photograph
• Clear Pan Card - Company and All Directors
• Address Proof – Company and Directors.
• List of Director& Share Holder with Ca Certified as of Date
• Memorandum Order in Hand and Complete Copy (If Applicable)
• GST, Sale, Vat and SSI Registration Certificate
• 1 Year GST Returns
• All Directors Individuals ITR & Computation Last 3 Years
• Last 3 Years Complete Financial with Tax Audit Report and Annexure
• Provisional Financial Fy 2023-24 or Month Wise Sale Figure Last 1 Year
• Company All Bank Account Statement 1 Year Updated
• All Directors Saving A/c Statement 6 Month
• If Running Any Loan – The latest Sanction Letter and Repayment Scheduled
• 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