Get Loan Against Industrial Property in India at Attractive Interest Rates
When it comes to business financing for growth and expansion, securing a substantial amount of capital is often a daunting task. Luckily, there is a viable option that entrepreneurs and business owners in India can consider to fulfil their business goals – Loan Against Industrial Property. By obtaining a Loan Against Property from Poonawalla Fincorp, you can leverage the value of your industrial real estate and use the amount to fund any project that requires significant funds.
EMI Calculator for Loan Against Industrial Property
Interest Rate & Charges for Loan Against Industrial Property
Explore better financial possibilities with our Loan Against Industrial Property. Benefit from competitive interest rates starting at 9% p.a. See below for more details:
|Loan Against Property Interest Rates||9% p.a. Onwards|
|Loan Amount||From ₹51 Lakhs to ₹25 Cr|
|Loan Processing Fees||Up to 1% Plus applicable taxes|
|Lowest EMI per month||1044* Per Lakh for 180 Months|
|Maximum Tenure||3-15 years (12 years for Industrial/Warehouse).|
|Foreclosure/Prepayment Charges||4 % on the outstanding loan Plus applicable taxes.|
|Late Payment Charges||2% per month|
|Cheque Bounce Charges||₹1000 per bounce plus applicable taxes|
|IMD Charges - Initial application fee||₹10,000 - Non-Refundable|
|Stamp Duty||At actuals (as per state)|
|No Other Hidden Charges|
Types of Industrial Properties in India
India's industrial real estate sector offers a diverse range of property types. Here's a concise overview:
- Manufacturing Plants/Fabrication Facilities: Factories for assembling and producing goods.
- Distribution Warehouses: Storage and distribution facilities near transportation hubs.
- Private Warehouses: Used for storage, often near production units.
- Flex Space: Versatile buildings for various uses, including office, R&D, and warehousing.
- Data Centres: Specialized facilities for hi-tech industries.
These properties cater to different business needs, making it important to understand their distinctions for investment or business operations.
Required Eligibility Criteria for Loan Against Industrial Property
- Income: Lenders assess your income to ensure your ability to repay the loan.
- Property Ownership: You must be the legal owner of the property that will be used as collateral.
- Age: Applicants’ age should be between 18 to 60 years.
- Credit Score: A good credit score enhances your chances of getting quick loan approval.
- Property Type: The property must be either residential or commercial, with clear ownership.
Required Documents for Loan Against Industrial Property
Proof of Identity
Bank Account Statements
Benefits of Loan Against Industrial Property
A Loan Against Industrial Property comes with numerous benefits for businesses in India, such as:
Competitive Interest Rates
High Loan Amounts
Flexible Repayment Tenure
No Transfer of Property Ownership
- Competitive Interest Rates: Our Loan Against Property is offered at competitive interest rates.
- High Loan Amounts: The value of the loan is determined by the property's market value, allowing you to access substantial capital for your business.
- Flexible Repayment Tenure: You can determine the repayment schedule to suit your financial capabilities and business needs.
- No Transfer of Property Ownership: Unlike equity financing, a Loan Against Industrial Property doesn't require business owners to give up ownership stakes in their companies.
Apply for a Loan Against Industrial Property within 5 Minutes
Click on ‘Apply Now’ and enter your contact details along with loan amount, tenure, and property type.
Enter Property Details
Enter your DOB and property ownership details.
Enter Occupation Details
Enter your occupation and employment details.
The application will then proceed for verification and assessment.
Frequently Asked Questions (FAQ)
Yes, you can secure a Loan Against Industrial Property that's mortgaged. However, do note that the outstanding mortgage amount will be considered during the loan approval process.
The loan processing time can vary among different lenders. Nevertheless, quick approvals are possible with complete documentation and a well-prepared loan application.
Yes, you can use the loan for various purposes, including boosting working capital, debt consolidation, equipment purchase, etc.
*Terms & Conditions Apply