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Industrial Property Loan

Bank Name Min Interest Rate Processing Fee Max Loan (Lacs) Max Tenure (Month) Chances of Loan Approval
10.00% 2 23 12
10.00% 1% 500 180
9.80% 1% 1000 120
13.00% 1% 100 180
10.70% 1% 1500 180
9.40% 1% 200 120
11.00% 1% 200 180
9.50% 1% 1000 180
11.70% 1% 1000 120
9.50% 1% 700 180
9.50% 1% 200 180
10.00% 1% 500 180
9.50% 1% 1000 180
9.00% 1% 1000 180
9.70% 1% 500 120
11.00% 1% 500 180
9.00% 1% 1000 180
10.10% 1% 500 120
10.00% 1% 500 180
10.00% 1% 300 120
9.25% 1% 2500 180
9.00% 1% 1000 180
10.75% 1% 1000 120
9.35% 1% 1000 120
9.00% 1% 1000 180
9.50% 1% 500 180
9.00% 1% 1000 180
9.50% 1% 750 180
9.50% 1% 1500 180
9.75% 1% 2500 180
9.25% 0.50% 3500 180
9.45% 1% 750 120
10.00% 1% 500 180
10.00% 9.50% 1000 180
9.00% 1% 1000 180
9.90% 1% 1000 12
14.00% 1% 50 180
11.00% 1% 200 180
9.00% 1% 300 180
7.50% 1% 500 180
10.00% 1% 300 180
Apply Now EMI Calculator Eligibility Criteria Documents Check List FAQs
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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
  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

PROP FIRM
  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

PARTNERSHIP FIRM
  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

PVT.LTD
  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

FAQs

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.

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

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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?

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

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

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

How to calculate Industrial Property Loan?

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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?

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Loan for Industrial Property Rates starting from @ 7.50 onwards.

Which are the documents required for Industrial Property Loan?

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

What are the benefits of Industrial Property Loan?

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

How to use Industrial Property Loan calculator?

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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.

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