Construction Finance for Builders and Developers
Construction Finance Loan
Object
Loans to Builders/Developers for developing and constructing residential / commercial premises
Loan Term
Minimum - 6 Months
Maximum - 5 Years
Security & Title
Mortgage of the land over which the building is proposed along with super structure. Personal Guarantee of the Partners / Promoters Corporate Guarantee (if required)
Disbursement of loan
Installments depending on the progress of work in the project, its funding requirements and availability of sufficient security cover
Term Loan
Object
To Builders/Developers for business purpose
Loan Term
Minimum - 6 Months
Maximum - 3 Years
Security & Title
Mortgage of the security of adequate value acceptable to Banks as may be deemed necessary. The receivables from various ongoing projects to be assigned in favour of Banks. Personal guarantee of the promoters of the company. Any other security as may be considered necessary by Banks
Disbursement of loan
In single tranche or in installments based on the requirement of the applicant company as agreed mutually