Construction Finance or Project Finance is a unique offering for Developers for the projects they are developing. This is a customized offering built around real estate developer’s depending on the project acquisition and construction cost basis a detailed evaluation of the project. Loan sanctioned to construct or develop a new real estate project including both residential as well as commercial is known as Construction Loan under Project finance department. An individual or a firm or company engaged in the business of real estate development or construction (Builder) can avail this construction finance under Project finance / loan department.
Business owners and corporate representatives often turn to banks for their business financial needs and receive financial and advisory services tailored to their requirements. These services are typically provided by dedicated departments or divisions within banks or financial institutions specifically for serving business clients. To open a business bank account, you must typically provide relevant documentation such as business licences, articles of incorporation, or articles of organisation.