Eligibility Criteria

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

• This service is available to individuals and groups of individuals.
• Positive cash flow from operations in the business.
• Company debt should be less than 40% of total assets.
• The organization's DSCR (Debt Service Coverage Ratio) should be greater than 1.5.
• For established projects, proof of profitability for the previous three fiscal years must be provided.
• The promoter's background must be solid.

What are the general variables influencing Solar Power Project Loan Eligibility Criteria?

The following are the top elements that commonly influence loan eligibility criteria:

Negative Cash Flow - If you fail to manage excellent cash flow in your organization, you may be unable to obtain a loan as your chances decrease.

There are too many loans - Because you have numerous loans, your debt-to-income ratio decreases day by day, making it impossible to obtain another loan because your payback ability is reduced.

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 Favor 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

• Pan Card Clear Copy Proprietor
• Address Proof (Pass Port, 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 Scheduled & Annexure
• Provisional Financial Ay 2019-20
• Bank Accounts (Current Account, Cc Account, Od Account Last 1 Year Updated)
• 6 Month Saving Account Statement Updated (Proprietor)
• If Running Any Loan, Please Provide Sanction Letter and Repayment Scheduled
• Agreement to Sell Copy
• Property Papers with Chain Sanction Map
• Projected Financial
• Company Profile & Management Profile
• ISO Certificate & MSME Certificate
• CMA Data
• Machine Quotation

Partnership Firm LLP

• 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 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 Year 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

• 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