If you are SC, ST or Women entrepreneurs with above 18 years of age & having a green field project can apply for Stand up Loan.
Stand up Loan@ 8% Onwards
• Get loan upto 1 Crore as a maximum amount
• Maximum tenure period to repay upto 7 years
• Doorstep assistance to collect document
• Maximum tenure period to repay upto 7 years
• Doorstep assistance to collect document
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 Warehouse construction loan Eligibility Criteria?
The Main aim of the loan providing is to set up warehouse in rural areas to support farmers harvesting fruits & vegetables to be stored on specific temperature from spoilage.
Warehouse construction loan Eligibility Criteria
There are few eligibility criteria you are required to have a look before applying for loan-
- Co-operatives, Agro-processing co-operative societies
- Individuals / Farmers
- Proprietary and partnership firms
Corporations, Agro-Industrial corporations
Group of Farmers/Growers
Agricultural Produce Marketing Committees
Agro-Processing CorporationsNote: – You can avail up to 80% of project cost as a loan amount, but generally min to max ranging for construction loan will be 1 Lakh to 20 Crore.
What are the factors generally affecting Warehouse construction loan Eligibility Criteria?
There are Top factors that generally affects loan Eligibility Criteria as given below:-
Credit History – Your credit history would affect your eligibility level as the lenders will check your credit history to ensure that you are capable of repaying loan on time, if in past ever missed any payment or paid bills delay then it will lower your chances of getting loan.
Professional status: – If you are a self-employed, professional or businessman then you would require showing all professional details with bank statement as to let know financial stability.
What are the ways to increase Warehouse construction loan eligibility?
To increase Warehouse construction loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Relationship with lender: – Having a good relationship with your lender can help you getting multiple advantages, like negotiating loan amount as well as interest rates.
Include extra Income: – Apart from your regular monthly income, you can also add up any income that generated by you as it will additionally increase your eligibility strength.
Documents Required
- PHOTOGRAPHS 2
- 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
- LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
- PHOTOGRAPH BOTH
- 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
- PHOTOGRAPH PARTNERS
- PAN CARD – COMPANY, ALL PARTNERS
- ADDRESS PROOF – ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,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 CACERTIFIED
- PROVISIONAL FINANCIAL AY 2019-20
- 3 YEARALL 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
- ALL DIRECTORS PHOTOGRAPH
- 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
Frequently Asked Questions
- Documents required for Standup India Loan are given below: –
- Identity proof
- Address proof
- Bank statement
- Income proof
- Company documents
- Profit & loss statement of last 2 years
- Latest 1-year ITR filed
Get Stand up India Loan application form by visiting official website- Download the form – Fill the form with correct value
The main aim of the loan is to do funding for at least one SC, ST & women entrepreneurs per bank for setting up greenfield project.
- Stand up Loan offers you the benefits of below given: –
- Stand up Loan at competitive Interest Rates
- Simplified documents processing
- Doorstep assistance is available
- No need to pledge collateral/assets
- Flexible tenure facility
Under Stand up Loan borrower can get minimum 10 lakh to maximum 1 Crore loan amount.
Processing fee is levied upon processing Stand up Loan application which from 0.5% to 3.00%
All government banks provide this credit facility as given below: –
- State Bank of India
- Bank of Baroda
- Bank of India
- Bank of Maharashtra
- Central Bank of India
- Canara Bank
- Punjab National Bank
- Indian Bank
- Jammu & Kashmir Bank
- Union Bank of India
- United Bank of India
No, not any scheme is available for this credit facility as it does only funding & that too up to 75% of project cost.
The current Interest Rate for Stand up Loan India starts from 10.00% to 22.00% depending on applicant credit profile & earlier repayment history.
