Project Finance Loan (PFL)
Need funds for starting an industrial, public service or infrastructure project? Apply for a Project Finance Loan today!
Designed to meet the short and long-term financial needs of a project, in this type of loan, the assets of the given project are used as collateral to arrange for a loan, which is then paid back from the cash flow generated at the end of a project. Compared to unsecured business loans or SME loans, PFL involves higher risk because if the borrower fails to meet the terms of the agreement set by the lender, then the lender can take control of the entire project.
There are different stages in project financing that the companies need to clear effectively to be eligible for a PFL. This includes;
- Pre-financing stage: analysis of the project plan, risk assessment and project feasibility.
- Financing stage: documentation and verification, equity and loan negotiation, etc.
- Post-financing stage: loan repayment etc,
Thus, we at Real Money Solutions can help you with this tedious process ensuring faster disbursement, which will enable you to start the project quickly.
We have vast domain expertise in project financing services and proven capability to arrange for loans, irrespective of the industrial sector. Our team of financial experts will ensure that the entire procedure of applying for a loan is seamless, and you get the approval swiftly at a lower interest rate. Thus, call us or send us an inquiry, and we’ll help you secure the required funds for your project.
Eligibility For Project Finance Loan
- The company/partnership firm must be in business for at least 3 years.
- Latest sale and service tax/vat/certificate of registration.
- Audited balance sheets and profit & loss sheets of the last 3 years.
- Complete detail of existing loans from other banks/financial institutions.
*Note: Different banks/financial institutes have different eligibility criteria.
List of Documents Required for Project Finance Loan
- Proof of Identity (PAN Card) of residence Applicant & Co-Applicant.
- Proof of Address (Aadhaar Card or Passport) of residence Applicant & Co-Applicant.
- List of directors/partners/proprietors andshareholding pattern.
- Copy of the certificate of incorporation of the companyand related project agreements.
- Copiesof MOA/AOA/partnership deed and company trade license.
- Copy ofthe detailed project report including the purpose of the loan and security (collateral)
- Project feasibility andcash flow report.
- List of plant and machinery.
- Last 3 years audited financialswith computation of balance sheet and income & profit & loss account, etc.
- Details of all active loans.
- Last 6 months businessbank statement of the
- Last 6 monthsbank statement of all directors/partners/proprietors.
- Detailsof collateral assets along with the sale or lease deed copy of collateral.
“GST Certificate”(for self employed) & “Bank Statement”
*For Project finance loan, the document list also depends on the type of industry and the type of loan.
*Note: The list of documents required varies from bank-to-bank and financial institutes.