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Project loans are provided by banks to businesses for expansion, renovation, acquisition of assets like land, buildings, machinery, etc. They are available to both existing and new businesses. Project loans can be mid to long term, from 1 to 10 years. Interest rates are competitive due to longer terms. Industries like construction, engineering, automobiles commonly use project loans. Applicants must submit a detailed project report for loan approval. Banks consider credit history, solvency, management syste

Author

Gulam Ali Kamdar

Language

EN