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.
Bank Name | Min Interest Rate | |
---|---|---|
|
10.00% |
|
|
10.00% |
|
|
9.80% |
|
|
13.00% |
|
|
10.70% |
|
|
9.40% |
|
|
11.00% |
|
|
9.50% |
|
|
11.70% |
|
|
9.50% |
|
|
9.50% |
|
|
10.00% |
|
|
9.50% |
|
|
9.00% |
|
|
9.70% |
|
|
11.00% |
|
|
9.00% |
|
|
10.10% |
|
|
10.00% |
|
|
10.00% |
|
|
9.25% |
|
|
9.00% |
|
|
10.75% |
|
|
9.35% |
|
|
9.00% |
|
|
9.50% |
|
|
9.00% |
|
|
9.50% |
|
|
9.50% |
|
|
9.75% |
|
|
9.25% |
|
|
9.45% |
|
|
10.00% |
|
|
10.00% |
|
|
9.00% |
|
|
9.90% |
|
|
14.00% |
|
|
11.00% |
|
|
9.00% |
|
|
7.50% |
|
|
10.00% |
|
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.
Usually, Industrial property loan Eligibility Criteria depends on various factors like age of applicant, monthly salary or business income of co-applicant & residency..etc.
Note: - You can avail 70% - 90% of industrial property value as a loan amount.
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.
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 .
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?
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?
What are the benefits of Industrial Property Loan?
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.