Some simple steps you can get Hydro Power Project Loan; –
- Select your ideal bank
- Check your cibil score
- Apply through website or visiting a branch
- Fill all documentation
- Accept the loan and start making payments.
Hydro Power Project Loan @9.00% Onwards
• Get loan up to 2 Crore
• Long term finance
• Loan tenure up to 15 years
• Long term finance
• Loan tenure up to 15 years
Feel free to use our Our Finance Calculator
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Calculator Disclaimer
The repayment amount shown using this calculator is an estimate, based on information you have provided. It is provided for illustrative purposes only and actual repayment amounts may vary. To find out actual repayment amounts, contact us. This calculation does not constitute a quote, loan approval, agreement or advice by My Finance. It does not take into account your personal or financial circumstances.
Eligibility Criteria
What you mean by Hydro power project loan Eligibility Criteria?
In the global energy market, hydro power is emerging as dominate to rule, if you are looking for financing your hydro project then, it would be a great decision to take & implement further. Hydro project loan interest rates are more affordable to pay. It has some eligibility you need to look further before applying.
Hydro power project loan Eligibility Criteria
There are some eligibility criteria you are required to have a look before applying for loan
- • Positive cash flow out of operations in the organization
- • Project complies with the requirements of national environment, health and safety law
- • Project shall be developed with due consideration of cumulative impacts on the water basin resulting from existing or planned developments or programs
- • Background of promoter should be good
Note: – You can get minimum 1 Cr to maximum 100 as a loan amount, generally, 75% of project cost are funded.
What are the factors generally affecting Hydro power project loan Eligibility Criteria?
There are Top factors that generally affects loan Eligibility Criteria as given below-
Ineffective cash flow: – It happen when your company spend a lot of money on that particular time period where revenue is nil, as it will affect company cash flow management & led to lower ineligible to get a loan.
Poor credit rating: – When you miss to do payment neither make a late payment nor carrying multiple credit cards let to have a poor credit rating reflects a bad credit score & will make it harder to a loan.
What are the ways to increase Hydropower loan eligibility?
To increase Hydropower loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Improve credit scores: – There are various method to improve credit scores, give importance to make all types of payments on time whether it’s an eligibility bill, phone bill, existing loan EMI on monthly basis, credit card proper maintenance, always try to use only 30% – 40% credit cards limit, as usage led to lower risk & will help you to improve credit score.
Add additional sources of income: – Apart from your monthly income, if you are doing any part time work, then try to add it as a additional sources of income, by adding it will enhance your repayment capacity & led to increase eligibility.
Documents Required
- PROJECTED FINANCIAL
- PAN CARD COPY
- AADHAR CARD + PASSPORT
- ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
- LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
- LAST 1 YEAR BANK STATEMENT – SALARY ACCOUNT
- LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
- COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
- PROCESSING FEE CHEQUE IN FAVOUR OF BANK
- PROJECTED FINANCIAL
- PROJECT FEASIBILITY REPORT
- COMPANY PROFILE & MANAGEMENT PROFILE
- ISO CERTIFICATE & MSME CERTIFICATE
- POLLUTION CERTIFICATE
- CMA DATA
- MACHINE QUOTATION
- BUILDING CONSTRUCTION ESTIMATE
- LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
- PAN CARD CLEAR COPY PROPRIETOR
- ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
- OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
- FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
- LAST 1 YEAR GST RETURN COPY
- FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
- PROVISIONAL FINANCIAL AY 2019-20
- BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
- 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
- IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
- AGREEMENT TO SELL COPY
- PROPERTY PAPERS WITH CHAIN SANCTION MAP
- PROJECTED FINANCIAL
- PROJECT FEASIBILITY REPORT
- COMPANY PROFILE & MANAGEMENT PROFILE
- ISO CERTIFICATE & MSME CERTIFICATE
- POLLUTION CERTIFICATE
- CMA DATA
- MACHINE QUOTATION
- BUILDING CONSTRUCTION ESTIMATE
- PARTNERS
- PAN CARD – COMPANY, ALL PARTNERS
- ADDRESS PROOF – ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
- FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL
- PARTNERSHIP DEED COPY
- GST CERTIFICATE
- GST RETURN LAST 1 YEARS
- 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
- PROVISIONAL FINANCIAL AY 2019-20
- 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
- FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
- ALL PARTNER SAVING A/C STATEMENT 6 MONTH
- IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
- AGREEMENT TO SELL COPY
- PROPERTY PAPERS COMPLETE CHAIN WITH MAP
- PROJECTED FINANCIAL
- PROJECT FEASIBILITY REPORT
- COMPANY PROFILE & MANAGEMENT PROFILE
- ISO CERTIFICATE & MSME CERTIFICATE
- POLLUTION CETIFICATE
- CMA DATA
- MACHINE QUOTATION
- BUILDING ONSTRUCTION ESTIMATE
- CLEAR PAN CARD – COMPANY AND ALL DIRECTORS.
- ADDRESS PROOF – COMPANY AND DIRECTORS.
- LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
- MEMORANDOM
- ORDER IN HAND AND COMPLETE COPY (if applicable)
- GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
- 1 YEAR GST RETURNS
- ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS.
- LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
- PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
- COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
- ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
- IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.,
- AGREEMENT TO SELL COPY
- PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
- PROJECTED FEASIBILITY REPORT
- COMPANY PROFILE & MSME CERTIFICATE
- POLLUTION CERTIFICATE
- CMA DATA
- MACHINE QUOTATION
- BUILDING CONSTRUCATION ESTIMATE
Frequently Asked Questions
Yes, Collateral or security is required for this loan.
The Interest Rate on Hydropower Projects is higher at 11.75% to 13.40%.
Hydro Power Project Loan can be provided by banks or finance providers.
Hydro Power Project Loan repayment period is 8 to 15 years.
The currently Interest Rate is around 4 – 5%.
Hydro Power Project is a traditional technology that uses the potential energy of water to generate electricity.
