What are the benefits of Warehouse Construction Loan?
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.
| Bank Name | Min Interest Rate | Processing Fee | Max Loan (Lacs) | Max Tenure (Month) | |
|---|---|---|---|---|---|
|
8.00%
|
1%
|
1000
|
120
|
|
|
8.50%
|
1%
|
1000
|
120
|
|
|
8.90%
|
1%
|
1500
|
120
|
|
|
8.50%
|
1%
|
1500
|
120
|
|
|
8.75%
|
1%
|
1000
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.75%
|
1%
|
1500
|
120
|
|
|
8.00%
|
1%
|
1500
|
120
|
|
|
8.50%
|
1%
|
1000
|
120
|
|
|
8.75%
|
1%
|
1500
|
120
|
|
|
8.50%
|
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|
1000
|
120
|
|
|
8.00%
|
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|
1500
|
120
|
|
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|
8.75%
|
1%
|
1500
|
120
|
|
|
8.00%
|
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|
1500
|
120
|
|
| Bank Name | Min Interest Rate | |
|---|---|---|
|
|
8.00% |
|
|
|
8.50% |
|
|
|
8.90% |
|
|
|
8.50% |
|
|
|
8.75% |
|
|
|
8.00% |
|
|
|
8.75% |
|
|
|
8.00% |
|
|
|
8.50% |
|
|
|
8.75% |
|
|
|
8.50% |
|
|
|
8.00% |
|
|
|
8.75% |
|
|
|
8.00% |
|
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.
There 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.
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.
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.
What are the benefits of Warehouse Construction Loan?
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.
How much loan amount can I get for Warehouse Construction Loan?
There are different criteria of getting loan; -
What is the repayment period given in Warehouse Construction Loan?
You can repay your Warehouse Construction Loan between 7 years to 11 years.
What are the documents required for Loan for Warehouse Construction?
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.
What is Warehouse Construction Loan?
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.
Who are the eligible for Warehouse Construction Loan?
To be eligible for Warehouse Construction Loan make sure you meet below criteria before applying for loan.
How much cibil score required for Warehouse Construction Loan?
The cibil score is required for ware house construction is 750 or above.
Can I get Warehouse Construction Loan on low cibil score?
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.
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