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Industrial Property Loan

• Loan upto 85% of project cost
• Loan at low-interest rate
• Flexible tenure facility
Enquiry Form
Industrial Property Loan
Bank Name Min Interest Rate Processing Fee Max Loan (Lacs) Max Tenure (Month)
Neogrowth
10.00%
2
23
12
Axis Finance Limited
10.00%
1%
500
180
Indian Bank
8.80%
1%
1000
120
Aavas Financiers Limited
13.00%
1%
100
180
South Indian Bank Ltd.
10.70%
1%
1500
180
UCO Bank
9.40%
1%
200
120
Piramal Capital and Housing Finance
11.00%
1%
200
180
RBL Bank Ltd.
8.50%
1%
1000
180
Canara Bank
11.70%
1%
1000
120
IDFC First Bank
9.50%
1%
700
180
LIC Housing Finance
8.00%
1%
200
180
HDB Financial Services Limited
10.00%
1%
500
180
HSBC Bank
7.50%
1%
1000
180
IndusInd Bank
9.00%
1%
1000
180
Punjab National Bank
8.70%
1%
500
120
UGRO Capital
11.00%
1%
500
180
YES Bank Ltd.
8.00%
1%
1000
180
Central Bank of India
10.10%
1%
500
120
Tata Capital Financial Services Limited
10.00%
1%
500
180
Edelweiss Finance
10.00%
1%
300
120
Kotak Mahindra Bank
7.25%
1%
2500
180
DCB Bank Ltd.
9.00%
1%
1000
180
United Bank of India
10.75%
1%
1000
120
Bank of India
8.35%
1%
1000
120
Digibank (DBS)
9.00%
1%
1000
180
Standard Chartered Bank
7.50%
1%
500
180
PNB Housing
9.00%
1%
1000
180
Indiabulls
9.50%
1%
750
180
Axis Bank Ltd.
7.50%
1%
1500
180
ICICI Bank Ltd.
7.75%
1%
2500
180
HDFC Bank Ltd
7.25%
0.50%
3500
180
State Bank of India
8.45%
1%
750
120
Aditya Birla Finance Limited
10.00%
1%
500
180
Federal Bank Ltd.
10.00%
9.50%
1000
180
Bandhan Bank Ltd.
9.00%
1%
1000
180
Bank of Baroda
8.00%
1%
1000
12
Vistaar Financial Services Private Limited
14.00%
1%
50
180
IIFL
11.00%
1%
200
180
Hero FinCorp Limited
9.00%
1%
300
180
Deutsche Bank
7.50%
1%
500
180
Cholamandalam Investment and Finance Company Limited
10.00%
1%
300
180
Bank Name Min Interest Rate
Neogrowth

10.00%

Axis Finance Limited

10.00%

Indian Bank

8.80%

Aavas Financiers Limited

13.00%

South Indian Bank Ltd.

10.70%

UCO Bank

9.40%

Piramal Capital and Housing Finance

11.00%

RBL Bank Ltd.

8.50%

Canara Bank

11.70%

IDFC First Bank

9.50%

LIC Housing Finance

8.00%

HDB Financial Services Limited

10.00%

HSBC Bank

7.50%

IndusInd Bank

9.00%

Punjab National Bank

8.70%

UGRO Capital

11.00%

YES Bank Ltd.

8.00%

Central Bank of India

10.10%

Tata Capital Financial Services Limited

10.00%

Edelweiss Finance

10.00%

Kotak Mahindra Bank

7.25%

DCB Bank Ltd.

9.00%

United Bank of India

10.75%

Bank of India

8.35%

Digibank (DBS)

9.00%

Standard Chartered Bank

7.50%

PNB Housing

9.00%

Indiabulls

9.50%

Axis Bank Ltd.

7.50%

ICICI Bank Ltd.

7.75%

HDFC Bank Ltd

7.25%

State Bank of India

8.45%

Aditya Birla Finance Limited

10.00%

Federal Bank Ltd.

10.00%

Bandhan Bank Ltd.

9.00%

Bank of Baroda

8.00%

Vistaar Financial Services Private Limited

14.00%

IIFL

11.00%

Hero FinCorp Limited

9.00%

Deutsche Bank

7.50%

Cholamandalam Investment and Finance Company Limited

10.00%

₹ 10L
₹ 50L
₹ 1C
₹ 1.5C
₹ 2C
₹ 2.5C
₹ 3C
%
1%
5%
10%
15%
20%
25%
30%
1
10
20
30
40
50

Loan EMI

Total Interest

Total Payment

Eligibility Criteria

What you mean by Industrial property loan Eligibility Criteria?

Are you in search of Industrial property for you new or existing business, firstly check eligibility requirements are matching or not, if not then try to match it earlier before proceeding further.

Industrial property loan Eligibility Criteria

Usually, Industrial property loan Eligibility Criteria depends on various factors like age of applicant, monthly salary or business income of co-applicant & residency..etc.

  • • Age Limit of Individuals –22 to 65 years of age
  • • Good financial statement
  • • 700 above Credit score
  • • Nationality - Resident of Indian

Note: - You can avail 70% - 90% of industrial property value as a loan amount.

What are the factors generally affecting Industrial property loan Eligibility Criteria?

There are Top factors that generally affects Industrial property loan Eligibility Criteria as given below: -

Low Credit Score: - If you have existing loan then try to close it first, as it affects your Credit score if you ever paid late EMI or not yet paid repayment.

Applicant Age: - As stated above in eligibility criteria that there is a specific age limitation for applying loan, therefore if you were unable to meet the requirements to fall to get loan.

What are the ways to increase Industrial property loan eligibility?

To increase Industrial property loan eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.

Add Earning family member as co-applicant: - To increase your eligibility you can add up any of your earning family member as a co-applicant as it will help you to improve your eligibility.

Credit Score above 750: - A good credit score helps you to increase your eligibility upon loan, credit score above 750 known to be great score which will definitely aid to get loan approval.

Good financial record: - Make sure that you maintain a good financial record in terms of availing loan, as with a bad financial record your eligibility level become lower .

Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
  1. PAN CARD COPY
  2. AADHAR CARD + PASSPORT
  3. ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
  4. LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
  5. LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
  6. LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
  7. COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
  8. PROCESSING FEE CHEQUE IN FAVOUR OF BANK
  1. PAN CARD CLEAR COPY PROPRIETOR
  2. ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
  3. OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
  4. FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
  5. LAST 1 YEAR GST RETURN COPY
  6. FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
  7. PROVISIONAL FINANCIAL AY 2019-20
  8. BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
  9. 6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
  10. IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
  11. AGREEMENT TO SELL COPY
  12. PROPERTY PAPERS WITH CHAIN SANCTION MAP
  1. PARTNERS
  2. PAN CARD - COMPANY, ALL PARTNERS
  3. ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
  4. PARTNERSHIP DEED COPY
  5. GST CERTIFICATE
  6. GST RETURN LAST 1 YEARS
  7. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
  8. PROVISIONAL FINANCIAL AY 2019-20
  9. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  10. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  11. ALL PARTNER SAVING A/C STATEMENT 6 MONTH
  12. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
  13. AGREEMENT TO SELL COPY
  14. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  15. PROJECTED FINANCIAL
  16. PROJECT FEASIBILITY REPORT
  17. COMPANY PROFILE & MANAGEMENT PROFILE
  18. ISO CERTIFICATE & MSME CERTIFICATE
  19. POLLUTION CETIFICATE
  20. CMA DATA
  21. MACHINE QUOTATION
  22. BUILDING ONSTRUCTION ESTIMATE
  1. ALL DIRECTORS PHOTOGRAPH
  2. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
  3. ADDRESS PROOF – COMPANY AND DIRECTORS
  4. LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  5. MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
  6. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
  7. 1 YEAR GST RETURNS
  8. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
  9. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
  10. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  11. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
  12. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED AGREEMENT TO SELL COPY
  14. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
Frequently Asked Questions

Does taking a Industrial Property Loan is good idea or bad idea?

When you have a shortage of finance, off course you opt for loan & that won’t be a bad thing since it’s the ideal way to get finance.

Who can avail Industrial Property Loan?

Self-employed who have 3+ years of an existing business can avail loan.

What are the other charges applicable for loan against Industrial Property?

  • Processing fee 
  • Late payment fee 
  • Foreclosure Charges 
  • Pre-payment charges

How to calculate Industrial Property Loan?

Calculate EMI for better financial planning, you need to enter loan amount, Interest Rate & tenure period so that it can predict overall chart.

What is the current Rates of Industrial Property Loan?

Loan for Industrial Property Rates starting from @ 7.50 onwards.

Which are the documents required for Industrial Property Loan?

  • KYC Documents of identity proof & residential proof 
  • Income proof 
  • Bank statement 
  • Property documents

What are the benefits of Industrial Property Loan?

  • Loan at competitive Interest Rates 
  • Required minimal documentation 
  • Simplified document processing 
  • Flexible tenure facility 
  • Doorstep assistance available

How to use Industrial Property Loan calculator?

Calculating EMI is much simpler because of auto-calculation it lessen your time, just you need to enter loan amount, Interest Rate & tenure period that all is required for calculating within a few second it present a scheduled chart containing monthly EMI & remaining principal amount.

Related Topics

  • INDUSTRIAL PROPERTY LOAN BLOGS

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