| Bank Name | Maximum Loan Amount | Monthly EMI ( Principal amount only ) |
|---|
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | Chances of Loan Approval | |
|---|---|---|---|---|---|---|
Bank of Baroda
|
8.00% | 1% | 1000 | 120 |
|
|
Bank of India
|
8.50% | 1% | 1000 | 120 |
|
|
Bank of Maharashtra
|
8.90% | 1% | 1500 | 120 |
|
|
Canara Bank
|
8.50% | 1% | 1500 | 120 |
|
|
Central Bank of India
|
8.75% | 1% | 1000 | 120 |
|
|
Indian Bank
|
8.00% | 1% | 1500 | 120 |
|
|
Indian Overseas Bank
|
8.75% | 1% | 1500 | 120 |
|
|
Karnataka Bank Ltd.
|
8.00% | 1% | 1500 | 120 |
|
|
Punjab & Sind Bank
|
8.50% | 1% | 1000 | 120 |
|
|
Punjab National Bank
|
8.75% | 1% | 1500 | 120 |
|
|
State Bank of India
|
8.50% | 1% | 1000 | 120 |
|
|
UCO Bank
|
8.00% | 1% | 1500 | 120 |
|
|
.png)
Union Bank of India
|
8.75% | 1% | 1500 | 120 |
|
|
United Bank of India
|
8.00% | 1% | 1500 | 120 |
|
|
The Main aim of the loan providing is to set up warehouse in rural areas to support farmers harvesting fruits & vegetables to be stored on specific temperature from spoilage.
Warehouse construction loan Eligibility CriteriaThere are few eligibility criteria you are required to have a look before applying for loan-
Note: - You can avail up to 80% of project cost as a loan amount, but generally min to max ranging for construction loan will be 1 Lakh to 20 Crore.
What are the factors generally affecting Warehouse construction loan Eligibility Criteria?There are Top factors that generally affects loan Eligibility Criteria as given below:-
Credit History – Your credit history would affect your eligibility level as the lenders will check your credit history to ensure that you are capable of repaying loan on time, if in past ever missed any payment or paid bills delay then it will lower your chances of getting loan.
Professional status: - If you are a self-employed, professional or businessman then you would require showing all professional details with bank statement as to let know financial stability.
What are the ways to increase Warehouse construction loan eligibility?To increase Warehouse construction loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Relationship with lender: - Having a good relationship with your lender can help you getting multiple advantages, like negotiating loan amount as well as interest rates.
Include extra Income: - Apart from your regular monthly income, you can also add up any income that generated by you as it will additionally increase your eligibility strength.
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
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCTION ESTIMATE
LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
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
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCTION ESTIMATE
PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL.
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
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
PROJECTED FEASIBILITY REPORT
COMPANY PROFILE & MSME CERTIFICATE
POLLUTION CERTIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING CONSTRUCATION ESTIMATE
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.
+
There are Some benefits of a Warehouse Construction Loan. This loan is provided for Government or Private Warehouses. The documentation is less and the loan is given quickly.
+
There are different criteria of getting loan; -
+
You can repay your Warehouse Construction Loan between 7 years to 11 years.
+
There are some documents you required in terms of getting loan for Warehouse Construction in India like land document, Address proof, Photo ID and signature proof.
+
This Warehouse Loan facility is given to individuals, Public & Private Limited concerns, dealers, traders, co-operative societies, and joint sector companies in Public or Private Sector for construction and running of warehouse.
+
To be eligible for Warehouse Construction Loan make sure you meet below criteria before applying for loan.
+
The cibil score is required for ware house construction is 750 or above.
+
Can I get Warehouse Construction Loan on low cibil score?
If the cibil score is low then you cannot able to apply for a Warehouse Construction Loan but if suppose bank give you the flexibility to add co-borrower then you can add co-applicant or a guarantor.
CA Vikas Jain - Our Mentor
9863-02-02-02