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Project finance is the funding (financing) of long-term infrastructure, industrial projects, and public services using a non-recourse or limited recourse financial structure. The debt and equity used to finance the project are paid back from the cash flow generated by the project.
Project financing is a loan structure that relies primarily on the project's cash flow for repayment, with the project's assets, rights, and interests held as secondary collateral. Project finance is especially attractive to the private sector because companies can fund major projects off-balance sheet (OBS).
Project Financing relies upon future cash flows for repayments instead of the sponsors' balance sheets. The assets or rights retained under the project are used as collateral for the term loan. Both the Government of India and companies may resort to project loans for projects that have long gestation periods or for joint-venture arrangements.
It contains various vital elements, wherein the loan amount is arranged through a Special Purpose Vehicle (SPV). Thus, if you own a company, you may carry out the project yourself or subcontract a portion. If there are no revenues during the construction phase, the interest on debt capital is paid after the operation commences.
Project Loan is provided to corporate borrowers for the purpose of capital expenditure including setting up of new/ additional manufacturing facilities, construction etc. Project loan is also available to acquire the fixed assets like land & building, plant & machinery etc.
The project loan will be processed within 30 working days if client provides everything in correctly.
5% to 9% per annumn.
It’s a long tenure product. Loan tenure will be Min.15- Max.20 Years.
Getting a Project loan from FinoFriend is easy, especially if you have your documents are in order and you have a good credit track record. You have to just fill-up our Project Loan application, then all processes will be completed by our side.