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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 Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month)
10.50%
10
2
23
12
10.00%
1%
500
180
8.80%
1%
1000
120
13.00%
1%
100
180
10.70%
1%
1500
180
9.40%
1%
200
120
11.00%
1%
200
180
8.50%
1%
1000
180
11.70%
1%
1000
120
9.50%
1%
700
180
8%
1%
200
180
10.00%
1%
500
180
7.50%
1%
1000
180
7.50%
1%
1000
180
9.00%
1%
1000
180
8.70%
1%
500
120
11.00%
1%
500
180
8.00%
1%
1000
180
10.10%
1%
500
120
10.00%
1%
500
180
10.00%
1%
300
120
7.25%
1%
2500
180
9.00%
1%
1000
180
10.75%
1%
1000
120
8.35%
1%
1000
120
9.00%
1%
1000
180
7.50%
1%
500
180
9.00%
1%
1000
180
9.50%
1%
750
180
7.50%
1%
1500
180
7.75%
1%
2500
180
7.25%
0.50%
3500
180
8.45%
1%
750
120
10.00%
1%
500
180
1%
9.50%
1000
180
9.00%
1%
1000
180
8.00%
1%
1000
12
14.00%
1%
50
180
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
Bank Name Min Interest Rate

10.50%

10

10.00%

8.80%

13.00%

10.70%

9.40%

11.00%

8.50%

11.70%

9.50%

8%

10.00%

7.50%

7.50%

9.00%

8.70%

11.00%

8.00%

10.10%

10.00%

10.00%

7.25%

9.00%

10.75%

8.35%

9.00%

7.50%

9.00%

9.50%

7.50%

7.75%

7.25%

8.45%

10.00%

1%

9.00%

8.00%

14.00%

14.00%

11.00%

9.00%

7.50%

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 purchase 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 purchase loan Eligibility Criteria

Usually, Industrial property purchase 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 purchase loan Eligibility Criteria?

There are Top factors that generally affects Industrial property purchase 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 purchase loan eligibility?

To increase Industrial property purchase 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
  9. ALL DIRECTORS PHOTOGRAPH
  10. CLEAR PAN CARD - COMPANY AND ALL DIRECTORS.
  11. ADDRESS PROOF – COMPANY AND DIRECTORS.
  12. . LIST OF DIRECTOR & SHARE HOLDER WITH CA CERTIFIED AS ON DATE
  13. MEMORANDOM
  14. ORDER IN HAND AND COMPLETE COPY (if applicable)
  15. GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE.
  16. 1 YEAR GST RETURNS
  17. ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
  18. LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE.
  19. PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
  20. COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED.
  21. ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH.
  22. IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED.
  23. AGREEMENT TO SELL COPY
  24. PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP
  25. LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
  1. PAN CARD CLEAR COPY PROPRIETOR.
  2. ADD 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 & ANNEXUREz
  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. ADD PROOF - ALL PARTNERS (PASS PORT, VOTER I CARD ,PAN ,ADHAAR)
  4. FIRM ADD PROOF- LATEST ANY UTILITY BILL.
  5. PARTNERSHIP DEED COPY
  6. GST CERTIFICATE
  7. GST Return last 1 years
  8. 3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED.
  9. PROVISIONAL FINANCIAL AY 2019-20
  10. 3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
  11. FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
  12. ALL PARTNER SAVING A/C STATEMENT 6 MONTH.
  13. IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED.
  14. Agreement To Sell copy
  15. PROPERTY PAPERS COMPLETE CHAIN WITH MAP
  16. PROJECTED FINANCIAL
  17. PROJECT FEASIBILITY REPORT
  18. COMPANY PROFILE & MANAGEMENT PROFILE
  19. ISO CERTIFICATE & MSME CERTIFICATE
  20. POLLUTION CETIFICATE
  21. CMA DATA
  22. MACHINE QUOTATION
  23. BUILDING ONSTRUCTION ESTIMATE
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 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 BY BANKS

  • INDUSTRIAL PROPERTY LOAN BLOGS

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Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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CA Vikas Jain - Chief Advisor

Mr. Vikas Jain is a reputed Chartered Accountant possessing in-depth understand...

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