| Bank Name | Maximum Loan Amount | Monthly EMI ( Principal amount only ) |
|---|
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | Chances of Loan Approval | |
|---|---|---|---|---|---|---|
Bank of Baroda
|
10.00% | 1% | 1500 | 36 |
|
|
Bank of India
|
10.25% | 1% | 1000 | 36 |
|
|
Bank of Maharashtra
|
10.75% | 1% | 1500 | 36 |
|
|
Canara Bank
|
10.00% | 1% | 1500 | 36 |
|
|
Central Bank of India
|
11.00% | 1% | 1000 | 36 |
|
|
Indian Bank
|
10.75% | 1% | 1000 | 36 |
|
|
Indian Overseas Bank
|
10.50% | 1% | 1000 | 36 |
|
|
Karnataka Bank Ltd.
|
10.95% | 1% | 1000% | 36 |
|
|
Punjab & Sind Bank
|
10.80% | 1% | 1500 | 36 |
|
|
Punjab National Bank
|
10.00% | 1% | 1500 | 36 |
|
|
State Bank of India
|
10.00% | 1% | 1500 | 36 |
|
|
UCO Bank
|
10.50% | 1% | 1000 | 36 |
|
|
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Union Bank of India
|
10.00% | 1% | 1500 | 36 |
|
|
United Bank of India
|
11.00% | 1% | 1500 | 36 |
|
|
Generally, Construction loan for builders is done on projected cash flow. The Bank generally considers the Builders as large or small, depending on the area of construction undertaken by the builder.
Construction builders Eligibility CriteriaThere are few eligibility criteria you are required to have a look before applying for loan -
Note: - This facility covers 75% of project cost, you can get minimum 5 Cr to 100 Cr as a maximum loan amount.
What are the factors generally affecting Construction builders Eligibility Criteria?There are Top factors that generally affects Construction builders Eligibility Criteria as given below-
Unstable business: - Business is all about up & downs, but when the idea of availing loan emerge, Lender will check your business stability to determines repayment capacity & due to lack of stability in business recent loss may led to badly hit your eligibility.
Low credit rating: - A high Credit rating helps you to get benefits of negotiating interest & easy approval of loan & credit, wherein a low rating makes it hard to get a loan as repayment level seems high risky.
What are the ways to increase Construction builders' eligibility?To increase Construction builders' eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Well business plan: - Usually for any project funding a well thought business plan requires to estimate the funding prospect, used equipment & technology, finally a revenue generation plan. Strong business plan will definitely going to boost your eligibility.
Maintain good credit: - Pay your loan EMI, bills on regular basis to avoid any kind of score affect in credit. If you are looking to close old credit cards, avoid doing that, as it can help you increasing credit limit as well as loan eligibility.
PAN CARD COPY
AADHAR CARD + PASSPORT
ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
PROCESSING FEE CHEQUE IN FAVOUR OF BANK
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCTION ESTIMATE
LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
PHOTOGRAPH BOTH
PAN CARD CLEAR COPY PROPRIETOR
ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
LAST 1 YEAR GST RETURN COPY
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
PROVISIONAL FINANCIAL AY 2019-20
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS WITH CHAIN SANCTION MAP
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCTION ESTIMATE
PHOTOGRAPH PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL.
PARTNERSHIP DEED COPY
GST CERTIFICATE
GST RETURN LAST 1 YEARS
3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
PROVISIONAL FINANCIAL AY 2019-20
3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
ALL PARTNER SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH MAP
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CETIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING ONSTRUCTION ESTIMATE
ALL DIRECTORS PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
ADDRESS PROOF – COMPANY AND DIRECTORS
LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
PROJECTED FEASIBILITY REPORT
COMPANY PROFILE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCATION ESTIMATE
Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.
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The Construction Builders Loan are provided for builders whose work is to build or repair houses and other buildings.
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The Construction Builders Loan eligibility criteria's is given below: --
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You want to apply for a Construction Builders Loan you need to fill the application form through an online website or visited a near branch. Then you have to submit all necessary documents and wait for approval.
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The main purpose of Construction Builders Loan is developed builders and constructing the houses and buildings.
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Almost all Government banks provide Construction Builders Loan at low Interest Rate.
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If, you have low cibil score the you can't take construction builders loan. Your cibil score should be above 750 then only you can apply for Construction Builders Loan.
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Most of Private, Government Banks & NBFC’s offer this facility for competitive rates with tenure period for repayment from 12 months to 60 months.
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