| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | Chances of Loan Approval | |
|---|---|---|---|---|---|---|
Neogrowth
|
10.00% | 2 | 23 | 12 |
|
|
Axis Finance Limited
|
10.00% | 1% | 500 | 180 |
|
|
Indian Bank
|
9.80% | 1% | 1000 | 120 |
|
|
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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.
|
9.50% | 1% | 1000 | 180 |
|
|
Canara Bank
|
11.70% | 1% | 1000 | 120 |
|
|
IDFC First Bank
|
9.50% | 1% | 700 | 180 |
|
|
LIC Housing Finance
|
9.50% | 1% | 200 | 180 |
|
|
HDB Financial Services Limited
|
10.00% | 1% | 500 | 180 |
|
|
HSBC Bank
|
9.50% | 1% | 1000 | 180 |
|
|
IndusInd Bank
|
9.00% | 1% | 1000 | 180 |
|
|
Punjab National Bank
|
9.70% | 1% | 500 | 120 |
|
|
UGRO Capital
|
11.00% | 1% | 500 | 180 |
|
|
YES Bank Ltd.
|
9.00% | 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
|
9.25% | 1% | 2500 | 180 |
|
|
DCB Bank Ltd.
|
9.00% | 1% | 1000 | 180 |
|
|
United Bank of India
|
10.75% | 1% | 1000 | 120 |
|
|
Bank of India
|
9.35% | 1% | 1000 | 120 |
|
|
Digibank (DBS)
|
9.00% | 1% | 1000 | 180 |
|
|
Standard Chartered Bank
|
9.50% | 1% | 500 | 180 |
|
|
PNB Housing
|
9.00% | 1% | 1000 | 180 |
|
|
Indiabulls
|
9.50% | 1% | 750 | 180 |
|
|
Axis Bank Ltd.
|
9.50% | 1% | 1500 | 180 |
|
|
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ICICI Bank Ltd.
|
9.75% | 1% | 2500 | 180 |
|
|
HDFC Bank Ltd
|
9.25% | 0.50% | 3500 | 180 |
|
|
State Bank of India
|
9.45% | 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
|
9.90% | 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 |
|
|
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Cholamandalam Investment and Finance Company Limited
|
10.00% | 1% | 300 | 180 |
|
|
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 CriteriaUsually, 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.
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 .
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
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
PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
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
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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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.
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Self-employed who have 3+ years of an existing business can avail 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.
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Loan for Industrial Property Rates starting from @ 7.50 onwards.
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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.
CA Vikas Jain - Our Mentor
9863-02-02-02