Project Funding Against Bank Instruments
Summary of lending terms & conditions:-
DOCUMENTS REQUIRED:-
1. Company Profile[such as ROC,Certificate of Incorporation,Pan Card Copy,Article of Memorandum]
2. Detailed Project Report with Financials.
3. Bank Instrumentals of 120-125 % of the cost of project (most preferred).
4. Valuation Report of Assets.
5. Legal Clearance Report of Assets.
6. Income Tax Papers with Audited Balance Sheet for last Three years.
7. Details of Assets & Liabilities of Promoters.
8. Irrevocable Authorization Letter in the name of the company[Finance Solutions Edge Organisation].
9. ID & Address proof with contacts Nos[Board of Directors].
10. Sale Deed.
11. Tax Receipts of Land or Immovable Assets.
LOAN AMOUNT:-
Minimum funding amount is 50 crores & up.
LOAN PERIOD:- 5 years to 10 years
RATE OF INTEREST:- 3% to 6% Per Annum* (varies according to project)
INTEREST PAYMENT:- Interest can be paid yearly or half yearly.(principle amount can be returned after completion of the loan period)
USE OF LOAN:-
Loan funds should be used as described in Business Plan. The borrower should take prior permission of the lender if any change of the plan.
TERMS & CONDITIONS:-
1. Client has to furnish all Documents as per the check list, we assess valuation and legal aspects.
2. 90%(max) of the project will be financed.
3. Client has to issue the letter of commitment & Authorization.
4. Once the funding is confirmed the inspection team will visit the project site for verification at Clients cost.
5. MOU will be singed.
6. Borrower has to give a PDC of Rs.50 lacs-1Crore as security at the time of MOU, which is adjustable in the final processing fees.
7. Client has to submit all documents (original copy) & should sign the required documents.
8. Loan disbursement will be in the form of DD.
9. All the overhead pre-expenses/expenses will be borne by the borrower.
10. The processing charges will be 6% of the disbursed amount, including consultation fees(2.5%), which have to be paid at the time of disbursement on borrowers own arrangement.
*Conditions apply*
DOCUMENTS REQUIRED:-
1. Company Profile[such as ROC,Certificate of Incorporation,Pan Card Copy,Article of Memorandum]
2. Detailed Project Report with Financials.
3. Bank Instrumentals of 120-125 % of the cost of project (most preferred).
4. Valuation Report of Assets.
5. Legal Clearance Report of Assets.
6. Income Tax Papers with Audited Balance Sheet for last Three years.
7. Details of Assets & Liabilities of Promoters.
8. Irrevocable Authorization Letter in the name of the company[Finance Solutions Edge Organisation].
9. ID & Address proof with contacts Nos[Board of Directors].
10. Sale Deed.
11. Tax Receipts of Land or Immovable Assets.
LOAN AMOUNT:-
Minimum funding amount is 50 crores & up.
LOAN PERIOD:- 5 years to 10 years
RATE OF INTEREST:- 3% to 6% Per Annum* (varies according to project)
INTEREST PAYMENT:- Interest can be paid yearly or half yearly.(principle amount can be returned after completion of the loan period)
USE OF LOAN:-
Loan funds should be used as described in Business Plan. The borrower should take prior permission of the lender if any change of the plan.
TERMS & CONDITIONS:-
1. Client has to furnish all Documents as per the check list, we assess valuation and legal aspects.
2. 90%(max) of the project will be financed.
3. Client has to issue the letter of commitment & Authorization.
4. Once the funding is confirmed the inspection team will visit the project site for verification at Clients cost.
5. MOU will be singed.
6. Borrower has to give a PDC of Rs.50 lacs-1Crore as security at the time of MOU, which is adjustable in the final processing fees.
7. Client has to submit all documents (original copy) & should sign the required documents.
8. Loan disbursement will be in the form of DD.
9. All the overhead pre-expenses/expenses will be borne by the borrower.
10. The processing charges will be 6% of the disbursed amount, including consultation fees(2.5%), which have to be paid at the time of disbursement on borrowers own arrangement.
*Conditions apply*