Looking for a Business Loan for Your infrastructure business from Kotak Mahindra Bank?

You have landed at the right place. Get all the information you need on the Infrastructure Finance scheme from Kotak Mahindra Bank below.

Kotak Mahindra Bank Infrastructure Finance

This loan helps businesses pay upfront for building infrastructure. These types of loans are characterised by a large outlay of funds and longer periods of repayment.

Features of Kotak Mahindra Bank Infrastructure Finance

Why this Loan?

  • Kotak Mahindra Bank Infrastructure Finance is meant for you if your business needs funds to build infrastructure projects such as highways, bridges, ports, shipping, mining, power, oil and gas exploration, etc.
  • This is a need-based loan and the bank offers assistance in the form of Bill Discounting, Cash Credit, Bank Guarantee, Line of Credit, Inventory Funding, Buyer’s Credit, etc. based on the needs of the borrower

Loan Amount

  • The maximum loan amount sanctioned under this loan scheme depends on the borrower’s needs. The bank checks the repayment capacity of the borrower to decide loan amount to be sanctioned to the borrower

Interest

  • As of September 2020, the interest rate charged by the bank for this loan is not mentioned on the bank’s website. They have only mentioned that the rate of interest is in the range of prevailing one-year Marginal Cost of Funds-Based Lending Rate (MCLR) and 24.00% for this loan. Please check the Kotak Mahindra Bank website for more details. We suggest getting in touch with a bank representative before applying for this loan

Repayment

  • This is a need-based loan which means that loan amount, repayment period, moratorium period, etc. will be decided by the bank on a case-to-case basis. We suggest checking with the bank to get a custom quote for your business

Security and Margin Money (Borrower’s Contribution to Total Cost)

  • The bank may ask for hypothecation of assets created under this loan as security. Please get in touch with a bank representative to know more

Eligibility

  • Sole proprietors, partnership firms, Limited Liability Partnerships (LLPs), Society (Educational Institute), Public Limited Companies and Private Limited Companies are eligible for this loan

Processing Charges

  • The bank charges up to 2% of the total loan amount as processing charges for this business loan

Documents Needed for Individuals

  • Loan Application Form duly filled and signed by the applicant and co-applicant, if any
  • Two Passport Size Photographs of applicant and co-applicant
  • Personal ID Proof: Aadhaar Card, PAN Card, Passport or Driving License. PAN Card/ PAN Card Issue Letter is must
  • Signature Proof: PAN Card, Banker’s Verification, Driving License or Passport
  • Residential Address Proof (Any One): Aadhaar Card, Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income/Banking Proof: Last 6 months Bank Account Statement of applicant and co-applicant, Loan Statement of Running Loans, Latest Closed Loan NOC, Net Worth of the applicant and co-applicant
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • For term loans: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Documents Needed for Proprietorship and Partnership Firms

  • Loan Application Form duly filled and signed
  • Partnership Deed and Partnership Registration Certificate
  • ID Proof of the Firm: Firm PAN Card or PAN Issuing Letter
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Income Proof: CMA Data and Project Report, Debtors and Creditors Certificate, GST Return, Last 3 years ITR of applicant and co-applicant, Audited or CA Certified Computation of Income/Trading Account/Profit and Loss Account/Balance Sheet, Annual Audit Report and Tax Audit Report if audited, Form 16A if applicable, Net Worth of applicants, co-applicants and guarantors
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security (as applicable): Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Partnership’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
  • For Term Loans Only: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Documents Needed for Private Limited and Public Limited Companies

  • Application Form duly filled and signed
  • Company ID Proof: Company’s PAN Card
  • Office Address Proof: Electricity Bill, Post-paid Phone Bill, Valid Rent Agreement
  • Business Proof: AOA and MOA, Company Incorporation Certificate, Business Commencement Certificate, Board Resolution, CA/CS verified Share Holding Pattern, ROC Annual Return, DIN Certificate, List of Directors on Company Letter Head, GST Number, Form 32 in case of Director Change
  • Income Proof: CMA Data and Project Report, Last 3 Years ITR Acknowledgement copy of Company and all Directors, Last 3 Years Annual Credit Report or Tax Audit Report with Article 3CB, Article 2D, Article 3CD, TDS Certificate/Form 16A, Net Worth Certificate
  • Banking Proof: Last 1-year Statement of Company’s Major Account, Current Account, Cash Credit Account, Overdraft Account, Loan Statement of Running Loans, Latest Closed Loan NOC and Last 6-months Bank Statement of Applicant and Co-applicant’s Savings Account
  • Security: Margin Money, Previous and Current Sales Deed, Plant and Machinery list, Plant and Machinery Current Valuation Report, Property Photographs, Previous Property Search and Valuation Report
  • Other Relevant Documents: Company’s Business Profile, Promoter/Guarantor’s Profile, Corporate Brochure, Business Experience Supporting Documents, Business References
  • For term loans only: Project report with details on product choice, market survey, projection of production and sales, infrastructural needs, etc.; projected cash and fund flow statement for the repayment period; and copies of all licenses and permits wherever applicable

Reference Facts:

  • Kotak Mahindra Bank Website: www.kotak.com
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Number: 1860 266 2666