• Features:

Developers/ Builders must have funds for construction related tasks from under construction stage to completion of project. Availability of short funds/ non-funds availability affects on timely delivery of project or flats. This is also affecting on sales too. There are banks and NBFC’s who are directly financing to real estate developers/ builders for project they are developing. They are doingMortgage of the land over which the building is proposed along with super structure. Personal Guarantee of the Partners / Promoters Corporate Guarantee (if required).

  • Documentation:
    • Project Profile including detail evaluation
    • Mortgage deed related to land and construction.
    • Cashflow and Income documents to establish source of repayment
    • All Required approvals copies.
    • Guarantee Deed
    • Loan Agreement
    • All other required documents
    • Loan Amount:
    • Minimum loan amount- 15% of NOF
    • Maximum loan amount- reasonable amount of up to 80% of total documented cost.
  • Tenure:Tenure of your home loan ranges between 1 to 10 years.
  • Repayment:
    • ECS
    • PDCs( drawn on salary/saving bank a/c)
    • Online payments options (net banking, mobile wallets, debit cards, credit cards etc.)

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