Project Construction Loans
We provide project construction loans for builders and developers to construct and develop residential and commercial projects from the launching to the advanced stages of a real estate project. Projects with good marketable locations that ensure good returns to the investors are eligible for this funding.
These loans are available in all major cities of India and can be raised on any kind of construction project. These construction loans can be utilised to fulfill every kind of requirement related to the construction of a project from buying building materials to payments to the contractors. Also, these loans can be raised in the launching stages to ensure smooth & timely delivery of the project and can be raised as the last mile funding to complete an ongoing project.
What are Project Construction Loans?
Project construction finance is a specialized funding solution that provides funds to complete the construction & development of a newly launched or ongoing project. These funds can be utilized for the following purposes:
- Building material procurement
- Payments to project contractors
- Labor and staff salaries
- Project management cost
- Marketing expenses
These loans can be raised in the early stages to the final stages of the project development. The lender can mortgage the project as collateral and sale revenues will ensure the repayment of the loan.
Who Can Apply for Project Construction Finance?
Our financing solutions are ideal for:
✔Real Estate Developers – Funding for new housing, commercial spaces, and mixed-use developments.
✔ Contractors & Builders – Support for ongoing construction projects, renovations, and expansions.
✔ Infrastructure Developers – Financial backing for roads, bridges, ports, and public utility projects.
✔ Industrial Projects – Capital for setting up factories, warehouses, and manufacturing units.
Features of this loan:
- PAN India: These loans are available all over India. Whether, it is Delhi, Mumbai, or Pune, we cover all the cities.
- Loan Amount: Loan starting from Rs.5 Crores to any higher amount required. One can apply for a loan on a single project or raise on the company balance sheet which further can be utilized for multiple projects.
- Project Cost: As a general rule, 20 % of the project cost needs to be invested by the borrower and the balance cost of 80% can be financed.
- Easy Repayment Plan: The borrower can repay the loan through the sale proceeding of the project. As per the financing amount, a fixed ratio of the sale revenues is divided between the borrower and towards the repayment of the loan to the lender.
- Moratorium: A moratorium period is given till the successful completion of the project or till the start of the sales.
- No Credit Issue: If the borrower has any credit rating issues due to the repayment of past or present loans, then also he can avail of this funding.
- Previous Loan: We can take over any previous loan on the project and enhance the facility for the successful completion of the project.
- Attractive ROI: We offer competitive rates and good repayment tenor to match the project sales without putting the burden of heavy EMIs.
- Fast Process: We ensure the fast and smooth delivery of the loan, so our clients can focus on the project development instead of worrying about the finance.
Documents Required
- Group/ Company profile
- Last three years’ audited Balance Sheet
- Duly filled Project Details Sheet (provided by us)
- All project approvals from the concerned authorities
- Company & directors KYC
- Project report, if available
