How much loan amount can I get for setting up a petrol pump?

The loan amount that can be availed for setting up a petrol pump in India usually ranges from ₹1 crore to ₹4 crore.

The upper ceiling of the loan depends on factors like:

• Location of the petrol pump: A-category cities allow higher loan amounts.
• Land value: The higher the land cost, the higher the loan eligibility.
• Fuel tanks: Underground tanks storage capacity impacts loan amount.
• Applicant's eligibility: High net worth, good credit score, and healthy finances allow for higher loans.

Generally, metro cities like Mumbai, Delhi, Bangalore, and Tier 1 cities may allow higher loans, considering higher land prices. Tier 2 and 3 cities, and highways may sanction ₹1-2 crore petrol pump loans.

Banks usually fund up to 75% of the project cost. The remaining 25% margin has to be borne by the applicant. Those with strong eligibility profiles can get higher funding too.

The type of lender - banks, Non-Banking Financial Companies (NBFCs), oil companies - also impacts the loan amount. Comparing options from multiple lenders is advisable to get the highest funding within your eligibility range for setting up a petrol pump.