Filters
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
Kotak Mahindra Bank 8.50% 0.50% + ST 300000 - 300000000 3-20 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
PNB HOUSING FINANCE LTD 8.6%-8.95% 10,000/0.50% + ST 300000 - 300000000 1-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
HDFC LTD 8.35%-8.95% 0.50%/Rs 3000 + Tax 500000 - 50000000 5-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
DHFL 9%-9.75% 5,000 to 20,000 One time fee 300000 - 300000000 5-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
ADITYA BIRLA FINANCE 8.55% - 8.99% 5,000 to 10,000 One time fee 300000 - 300000000 1-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
LIC HOUISING FIANANCE 8.15% - 8.19% Upto 0.50% 300000 - 300000000 5-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
State Bank of India 8.35% 10000+GST 300000 - 300000000 1-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
INDIABULLS 8.40%-10.05% Up to 0.5% One time fee 300000 - 300000000 1-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
Axis Bank 8.35%-11.75% 0.50% (min. ₹10000) 300000 - 300000000 1-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
SHRIRAM Housing Finance 12.5% 0.25% 300000 - 300000000 1-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
Bank of Baroda 8.35%-9.35% 7,500 to 20,000 300000 - 300000000 1-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
HDFC Bank 8.35%-8.60% 0.50%/Rs 10,000 + ST 300000 - 300000000 1-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
ICICI Bank 8.40%-8.85% 0.5% (max 11,800)One time fee 300000 - 300000000 5-20 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
Yes Bank 9.25% 0.25% 300000 - 300000000 1-25 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
IDBI Bank 9.30% 0.25% 300000 - 300000000 1-25 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
Union Bank of India 9.50% 0.25% 300000 - 300000000 1-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
Indian Bank 9.55% 0.25% 300000 - 300000000 1-20 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
Vijaya Bank 9.65% 0.25% 300000 - 300000000 1-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
Federal Bank 9.68% 0.25% 300000 - 300000000 1-30 Years Eligible Documents
Bank Name Interest Rate(%) Processing Fee Range Loan Amount Tenure Range Action
Reliance 9.75% 0.25% 300000 - 300000000 1-30 Years Eligible Documents

Overview

Project Loan

With the understanding of the complexities involved in financial matters associated with business operations, myfundbucket.com , is specialized and offers consultancy services related to project finance.

Project loan supports promoters by helping them to clearing their ongoing or upcoming project depth which supports them to invest in a project of their choice and fulfill their dream.

MFB offers financial assistance to small and medium scale industries like hospitals, resorts, land & building, plant & machinery, star category hotel etc.

Key Features
Constitution Proprietorship concern, Partnership firm, Private limited or Limited. However every financial institution has set certain limit on loan offered based on the constitution of the applicant.
Margin Minimum margin of 25% is required. However same is based various other parameters also.
Security Collateral security is required in terms of tangible assets, guarantees or charge on cash flow. It varies case to case basis.
End use Funds can be used for capital expansion or majority towards the hard cost i.e. land, building, machinery etc. However land acquisition is allowed only in specific cases only.
Financials Should comply as per the internal rating of financial institution or bank but in general should have profit and positive growth in previous years for existing business and if new venture then healthy projections which should have comfortable DSCR.
Repayment Tenure Average tenure for a project loan is 5 to 10 years however for infrastructure projects it can go up to 15 years as well. Same is inclusive of moratorium period as well.
Moratorium Varies between 6 months to 30 months.
Cost 11.50 % to 13.00%

FAQ's

Q. What are the objectives of project loan?

Ans. The main objective of Project loan is to help promoters by offering debt to their ongoing or upcoming projects which gives leverage effect and support them to invest in a particular beyond their capacity and fulfill their dream.

Q. Which sectors you provide financial assistance?

Ans. MFB offers financial assistance to medium and large scale industries in all sectors like star category hotels, resorts, Land & Building, hospitals, Plant & Machinery etc.

Q. How much is project loan Repayment Tenure?

Ans.5 to 10 years however for infrastructure projects it can go up to 15 years.

Q. How long it takes for a loan to be sanctioned?

Ans. After submission of requiring documents it takes between 7 to 20 working days.

User Reviews

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Excellent website

This website is very helpful in getting term loans and other products. I applied for term loan and in few minutes I received call from their agent who helped me to complete my procedure. They analyze my company requirement, design appropriate moratorium and give ample time for repayment with proper justification for the limits. I got my term loan because of this website myfundbucket.com