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Warehouse Construction Loan

There is a significant demand for the warehouse which are effectively open and give high protection from normal cataclysms, rodents and other harming components. Banks and other financial institutions have various loan products to help in the structure and set up of a warehouse.
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Warehouse Construction Loan
Bank Name Interest Rate Range (%) Processing Fee (%) Maximum Loan (Lacs) Maximum Tenure (Month)
Canara Bank
7%
Neogrowth
10
2
23
36
Bank Name Key Features
Canara Bank
Interest rate

7%

Max loan amount

Neogrowth
Interest rate

10

Max loan amount

23

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Documents Required

  • Individual
  • Prop Firm
  • Partnership Firm-LLP
  • PVT. LTD.
Frequently Asked Questions

I'm not a farmer. Would I be able to profit a warehouse loan?

A warehouse loan isn't restricted to farmers. Any individual, partnership, or organization can apply for this loan.  

Should the warehouse be developed uniquely in a provincial region?

The reason for a warehouse loan is to work with farm produce stockpiling, which occurs in rustic zones. Subsequently, distribution warehouse loan are offered for stockrooms built in rustic territories. Notwithstanding, there are other credit items accessible with banks for development of warehouse loan of various purposes.  

What is the common rate of interest for warehouse loan?

warehouse loans are controlled by NABARD and normally have lower interest rate contrasted with different types of loans. The current rate of interest on this loan sort fluctuates between 10.5-11.5%.  

What are the key important features of Warehouse Loan ?

The bank has been solely designated by the Indian Government in directing the stockroom framework the nation over. Designations up to Rs. 5000 crores were made in the spending plans of 2013-14 and 2014-15 towards financing public and private areas for development of warehouse, cold stockpiling and other stockpiling infrastructure.  

  • The loan will be given to creation of capacity framework with a base total limit of 5000 metric tons for farming and unified items  

  • Storerooms allude

Who are eligible for a Warehouse loan ?
  • Individuals /Farmers  

  • Proprietary and partnership firms  

  • Co-agents, Agro-handling co-employable social orders  

  • Companies, Agro-Industrial organizations  

  • Rural Produce Marketing Committees  

  • Group of Farmers/Growers  

  • NGOs  

  • Agro-Processing Corporations  

  • Self-improvement

Calculators
Popular Warehouse Construction Loan Lenders

Canara Bank
Neogrowth
9863-02-02-02