What is a Project Loan?
Project loans are different from term loans, which are used to acquire fixed assets.
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Features of Project Loan.
A project loan is a long-term loan that finances large-scale projects, such as:
- Construction of new facilities
- Expansion of existing facilities
- Acquisition of fixed assets, like land, buildings, and machinery
- Infrastructure projects, like roads, bridges, and ports
- Commercial real estate projects, like hotels and residential complexes
Project loans are different from term loans, which are used to acquire fixed assets. Project loans are characterized by:
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Non-recourse or limited recourseThe loan is repaid from the project’s cash flow, not the borrower’s assets or credit
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Project finance modelThe project’s cash flow is the primary source of repayment, not the borrower’s balance sheets or income statements
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Off-take agreementThe project company and the offtaker (the buyer of the project’s product or service) agree on a price and volume mechanism to provide the project company with stable revenue
Project finance is well suited for large, long-term projects because it allows companies to take on bigger projects without negatively impacting their balance sheets.
Qualification Criteria for Project Loan
CIBIL Score Requirement of 700 or Higher
Minimum Net Monthly Income of ₹15,000
Maximum Age of 60 Years at Loan Maturity
Why Boteza Finance
Experience Unmatched Benefits and Support
Quick Apply
Minimal Documentation
Fast Approval
Flexible Tenure
Quick Dispersal
Expert Guidance
Making Dreams Come True, One Loan at a Time
Hear from our satisfied customers about how Boteza Finance has helped them achieve their financial goals with swift loans and dedicated support.
