Infrastructure Fund | Project Finance | Project Finance Interest Rate

The Bank extends finance to various infrastructure projects. The finance is characterised by large outlay of funds and longer repayment period.
The project needs to establish technical feasibility and economic viability. In addition, sensitivity analysis shall also be examined to ensure that the project establishes its viability with variations wherever needed.
Considering the huge outlay of funds, finance is generally considered under consortium arrangement with term lending financial institutions and other banks.
Our bank also provides Syndication services to assist the promoters. Memorandum of Understanding (MOU) has been signed with India Infrastructure Finance Company Limited (IIFCL) for enabling flow of funds for the infrastructure projects syndicated by us.
Rate of interest, security and repayment period for infrastructure financing would depend on nature of project, quantum of loan, repayment duration, cash generation, repayment capacity etc.

DOCUMENTS REQUIRED FOR TERM LOANS

1.	Loan Application form
2.	KYC (applicant & co-applicant) -	Individuals :latest passport size photograph of applicant & all co-applicant’s duly signed. Id proof - Aadhar card (UID), clear copy of pan card/passport/driving licence. (Pancard must or Pancard issuing letter) Signature proof – clear copy of pan card/bankers verification/passport/driving licence. Address proof - Aadhar card (UID), latest post paid telephone bill and electricity bill/ valid rent agreement. Partnership firm ID proof of firm - firm pan card (clear copy of pan card or pan card issuing letter) Office address proof -latest post paid telephone bill (must) and electricity bill valid rent agreement. Partnership deed and partnership registration certificate. Pvt.Ltd & Public Ltd Companies Company id proof – clear copy of company’s pan card must required. Address proof latest post paid telephone bill and electricity bill valid rent agreement. Business proof – MOA & AOA incorporation certificate business commencement certificate (for ltd. Company) board resolution share holding pattern (C.A/C.S certified) ROC annual return form no. 32. (if director change) DIN no. Certificate list of directors on company letter head Note- GST/ trade licence/sales tax no./vat tax no./service tax no./excise no. Etc. (any one)
3.	IncomeDocuments-	Proprietorship firm & Partnership firm Debtors & creditors certificate Turnover C.A certified certificate /GST return (YTD) Latest 3 years ITR acknowledgement copy of applicant & all co-applicant Computation of income, trading & profit & loss a/c, & balance sheet with all annexures (for non-audited- C.A certified with membership no.) Annual audit report & tax audit report in case of audited firm. Form 16 a (TDS certificate), if applicable. Net worth Certificates of proprietor, all partners, guarantors. Pvt. Ltd. & Public Ltd. Companies Latest 3 years ITR acknowledgement copy of companies & all the directors Latest 3 years annual audit report & tax audit report with articles 3cb & 2d, 3cd must be required. Form 16 A (TDS certificate), if applicable. Net Worth Certificates of Guarantors.
4.	Banking	Individual: latest 180 days major current A/c , Cash Credit a/c , OD A/c statement (in case of switching over bank) (applicant & all co-applicants) Loan statement & NOC documents – all running loan statement starting to till date & latest closed loan NOC Partnership firm Primary banking - latest 365 days major account, Current A/c, Cash Credit A/c, OD A/c statement. Secondary banking - latest 180 days major saving A/c (Applicant & all Co-applicant) Loan statement & NOC documents - all running loan statement starting to till date & latest closed loan NOC Pvt. Ltd & Public Ltd Companies Primary banking - latest 365 days major A/c , CC A/c , OD A/c statement. Secondary banking - ( latest 180 days major saving a/c applicant & all directors saving A/c statement) Loan statement & NOC - all running loan statement starting to till date & latest closed loan NOC.
5.	Property documents for security purpose -	Previous & current sales deed Plant & machinery list Plant & machinery current valuation report Margin money Property photographs Previous property search & valuation report
6.	Other business relevant documents -	Business profile of firm / company Profile of promoters/ guarantors Corporate brochure Business experience supporting documents Business references
7.	In case of Term Loans :	Project report in case of Term loans. Project report must contain Back ground of promoters, details on product choice, market survey etc. Details of input and its availability Information on infrastructural needs Information technology Projection of Finance, production, sales etc. Projected cash and fund flow statement covering the period of repayment Copies of all licences and permits wherever applicable.

** all the copies of the above mentioned documents should be in a4 size & self-attested individually with blue ink.

Infrastructure Financing: Powering Growth & Development

DOCUMENTS REQUIRED FOR TERM LOANS