Construction Loan

What is Construction Loan or Project Finance?

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.

How Business Banking Works:

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.

Apply for Construction Loan

Full Name (as per PAN card) *

Phone Number *

Net Monthly Income *

INR

Enter City *

Loan amount needed *

INR

Choose your Employer type *

Where do you work? *

You work for *

List of Central Forces *

State Name *

Employer Name *

You receive your salary in *

Full Name (as per PAN card) *

Phone Number *

Net Monthly Income *

INR

Enter City *

Loan amount needed *

INR

Choose your Employer type *

Where do you work? *

You work for *

List of Central Forces *

State Name *

Employer Name *

You receive your salary in *

Existing Loan From *

Current Loan Outstanding *

INR

Current Interest Rate on Loan *

Do you currently pay an EMI? *YesNo

Total EMI amount *

Select Your Profession *

Full Name (as per PAN card) *

Phone Number *

Gross annual receipt (as per ITR) *

INR

Enter City *

Loan amount needed *

INR

No. of years of ITR available *

Degree Registration Year *

Full Name (as per PAN card) *

Phone Number *

Enter City *

Loan amount needed *

INR

Type of Incorporation *

Type of Business *

No. of years of ITR available *

Industry type *

Annual Turnover *

Years in Business *

Do you file GST return? *

Date of Birth *

Email Address

Learn More About Construction Loan

Construction Finance features and benefits

Eligibility for Construction Finance:

Construction finance process

Project Report
Company Profile
Valuation & legal Report
Evaluation Report on Format
Past & future Projection
Credit history of the client.
Documentation
Personal Discussion with the client

Construction Finance Documents can be classified in two Parts

Property Documents -

Project Report
Evaluation Report on format
Legal & Technical verification
Company profile
Past & future Projects
Property Related Documents

Financial Documents-

3 yrs Financial of the firm (complete set)
3 yrs individual financial paper (Director/Partner/ Proprietor)
One year bank statement of the Firm
One year bank statement of Director/partner/ Proprietor
All loan sanction letters
KYC of the firm (Gumastha Licensce/Registration certificate)
KYC of the Partners/Directors/Proprietor
Directors Report if PVT LTD
Auditors Report if PVT LTD
MOA/AOA
Share Holding Pattern on company letter head
Annual return with ROC copy
Photographs
Processing fee cheque