Project Loan is given to the borrower for the purpose of business expansion, reconstruction etc. Project loan is also available to acquire the fixed assets like workshop, plant & machinery etc. Project Loans are available to the existing business or industrial houses for growth purpose. Projects loans are generally mid term period loans. The short term Project Loan can be availed for one year whereas the mid term project loans can be obtained for up to 7 years.
Production business domains generally leverage on the Project Loans.
The aspirants should have the detailed project report ready as it is the very basis of getting project loan sanctioned. Good credit, strong solvency ratio, strong management systems, technology penetration etc. as granting criteria for project loans.
We provide project loan in most of the industrial belt in West Bengal.