₹5 Crore to ₹500 Crore+

    Project Finance — Large Scale. Structured Right.

    Infrastructure, real estate, manufacturing, energy — we structure complex project funding with bank-grade expertise from our ex-banking, CA & legal team.

    Ex-Axis Bank Team
    ₹100 Cr+ Funded
    30+ Sectors

    Project finance is not a loan application. It is a structured financing transaction that banks evaluate on the merit of the project — not just the promoter's balance sheet.

    Most project finance applications fail because the DPR is weak, DSCR assumptions are unrealistic, or the debt-equity structure doesn't match lender expectations.

    CreditPicker's ex-banking team has structured ₹100+ crore across 30+ sectors — and we know exactly what a credit committee needs to see before saying yes.

    Understanding

    What is Project Finance?

    Project finance is a long-term financing structure where the loan is repaid primarily from the project's own cash flows, not the promoter's balance sheet. It's used for large-scale capital-intensive projects where the asset being created serves as primary collateral.

    Unlike a regular term loan, project finance involves detailed feasibility assessment, structured disbursement linked to construction milestones, moratorium periods, and often multi-bank consortium lending for larger ticket sizes.

    Our role: We prepare the entire financing package — DPR, CMA data, legal documents — so the credit committee sees a bankable deal, not just an application.

    Project Finance Flow

    1

    Project SPV

    Special Purpose Vehicle

    2

    Debt + Equity

    Structured funding mix

    3

    Lender Consortium

    Multi-bank syndication

    4

    Construction

    Milestone-based disbursal

    5

    Revenue

    Operational cash flows

    6

    Repayment

    DSCR-linked schedule

    Sectors

    Project Types We Fund

    Real Estate Development

    Residential & commercial — from land acquisition to project completion funding

    Manufacturing Plant Setup

    Greenfield & brownfield projects — machinery, civil work, working capital

    Renewable Energy

    Solar parks, wind farms, biomass — with IREDA & green finance tie-ups

    Infrastructure

    Roads, bridges, logistics parks, warehousing — BOT/HAM/EPC models

    Hospitality

    Hotels, resorts, convention centres — long gestation structuring expertise

    Healthcare Facilities

    Hospitals, diagnostic centres, pharma plants — with moratorium structuring

    Key Differentiator

    Our Structuring Approach

    The difference between approval and rejection often lies in how the deal is structured. Our team brings banking-side expertise to every proposal.

    Debt-Equity Structuring

    Our CA team optimises D:E ratio for maximum funding while keeping promoter contribution efficient

    DSCR Assessment

    We model cash flows across project phases to meet lender DSCR benchmarks (typically 1.3x–1.5x)

    Collateral & Security

    Our legal team structures guarantee, charge creation & escrow documents that banks accept first time

    Parameters

    Eligibility & Key Terms

    Minimum Project Cost₹5 Crore
    Promoter Contribution25% – 33% of project cost
    DSCR Required1.3x minimum (1.5x preferred)
    Moratorium PeriodUp to 2 years (construction phase)
    Tenure5 – 15 years post-moratorium
    Security TypeFirst charge on project assets + promoter guarantee
    Minimum Promoter Net Worth2x of proposed debt
    ITR Requirement3 years filed (promoter + group entities)
    Project ApprovalsEnvironmental + sectoral clearances
    End-to-End

    Documentation We Prepare

    DPR Preparation

    Detailed Project Report with market analysis, technical feasibility & financial projections

    CMA Data by CA Team

    Credit Monitoring Arrangement data prepared by our in-house Chartered Accountants

    Legal Opinion & Title Search

    Property title verification, encumbrance certificates, and legal opinion for lenders

    Bank Sanction Negotiation

    Terms negotiation — interest rate, moratorium, prepayment, security release conditions

    Our Edge

    The Team Behind Your Deal

    Ex-Banking Experts

    Project finance desk experience from Axis Bank — we know what credit committees look for and how to present deals.

    CA Team

    15+ years in project appraisals, CMA data preparation, financial modelling, and DSCR structuring.

    Legal Team

    Charge creation, title search, guarantee structuring, and documentation that meets bank compliance standards.

    Case Studies (Anonymised)

    Deals We've Structured

    ₹20 Cr Manufacturing Plant — Rejected by 2 Banks

    Mid-size manufacturer rejected by two PSU banks citing inadequate DSCR. We rebuilt the DPR with revised capacity utilisation, prepared CMA showing 1.45x DSCR, and structured SIDBI co-lending.

    ₹20 Cr
    Sanctioned
    67 Days
    Turnaround
    9.4%
    Interest Rate

    ₹20 Cr Solar Plant — Rajasthan

    Rejected twice by a PSU bank on cash-flow concerns. We restructured the DSCR model with revised PPA assumptions and routed the deal through IREDA + private bank.

    ₹20 Cr
    Sanctioned
    52 Days
    Turnaround
    9.2%
    Interest Rate

    ₹35 Cr Real Estate Project — Pune

    Large residential project requiring consortium funding. DPR, CMA and legal structuring completed end-to-end. Three private banks came together as a consortium.

    ₹35 Cr
    Consortium
    18 Months
    Moratorium
    3 Banks
    Syndicated

    ₹20 Cr Cold Storage — Haryana

    First-time promoter with limited banking history. We identified the NHB + NABARD route, prepared the agri-infra DPR, and got sanction in record time.

    ₹20 Cr
    Sanctioned
    38 Days
    Turnaround
    NABARD
    Lender
    Lender Network

    Lenders We Work With for Project Finance

    We don't approach all 30+ lenders — we approach the right one for your project profile, ticket size and sector.

    Development Finance Institutions

    SIDBINABARDNHBIIFCLPFCREC

    PSU Banks

    SBIBank of BarodaPNBCanara BankIndian BankUnion Bank

    Private Banks

    HDFCICICIAxisKotakYes BankIDFC First

    NBFCs & Specialised

    Tata CapitalL&T FinanceAditya Birla FinanceIREDA (Renewables)HUDCO (Real Estate)
    Government Support

    Schemes & Incentives

    IREDA Loans

    Renewable energy projects — 7-8% rate, long tenure

    HUDCO

    Affordable housing & urban infrastructure

    NABARD

    Agricultural & rural infrastructure projects

    NHB

    Refinance for housing finance companies

    IIFCL

    Infrastructure projects above ₹100 Cr

    PLI Schemes

    Production-linked incentives for manufacturing

    ECLGS

    Emergency credit support for existing borrowers

    Timeline

    Project Finance Timeline

    Target: 45-60 days from mandate to sanction

    Week 1-2Free assessment + mandate signing
    Week 3-4DPR preparation + CMA data
    Week 5-6Lender identification + pitch
    Week 7-8Bank visits + credit committee
    Week 9-10Sanction letter + documentation
    Week 11-12Disbursement — first tranche
    FAQs

    Project Finance Questions

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