ReferLoan

Is there any eligibility to apply for a project loan?

It is important to know that you will have to qualify the eligibility criteria before applying for a project loan. The eligibility is as follows:

Criteria

Details

Minimum age

18 years

Maximum age

65 years

Annual turnover

Depends on the volume of the business, as well as, the business requirements

Existence period of the business

For a minimum period of 2 years

ITR requirement

For the last year

Profitability details

Last 2 years of the profit quantum

Citizenship

Should be a citizen of the Indian subcontinent with no previous defaults related to any financial institution