The project loan is to give financial assistance to real estate developers, for all types of projects at various construction related stages to ensure timely completion of the projects.
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Project Loan
1. Project Loan
The project loan is to give financial assistance to real estate developers, for all types
of what is project loan at various construction related stages to ensure timely
completion of the projects.
Features
● Eligibility based on project cash flows & developer’s credit worthiness
● Unique proposition with Term Loan and Overdraft combination
● Receivable management through RERA, escrow, and collection accounts
● Caters to small, medium, and large developers for all types of projects
comprising of duplexes, high rise apartments, villas, townships, affordable
housing projects, commercial projects
● Flexible loan repayment terms with moratorium period for principal repayment
imparting deep focus on utilization of project cash flows towards completion of
project
● Offering of retail home loan products for end users
List of Documents
2. ● Know Your Customer (KYC) documents
● Past project experience
● Existing loans details and income documents
● Project specific details
● Project approval documents
● Project legal documents
Financeseva, is well known for its services. They provide various project loan
inaterest rate in which the project loan is one of them. Financeseva is connected
with the 130+ banks and provides Project Loan on interest rate at 7.75% Onwards.
The loan amounts up to 85% of the project cost. They offer the best deals and much
more affordable interest rates, along with Doorstep assistance.