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Apply For Personal, Home, Auto loans here!

Buying an assets or property necessitates in deepness knowledge of the real estate and selecting the right type of loan. Several banks are pacing up their introduction to real estate. These banks are inflowing into agreements with builders for stipulation of the real estate loans. The system mainly caters to developers/ builders / promoters of real estate. By a survey of RBI figures loans to developers, along with sell credit (such as home loans, personal loans and credit cards) constitute a hunk of banks' total loan range.





Highest Amount of Real Estate Loans obtainable:

Banks usually give real estate loans to real estate developers or builders of repute. Skill of 3 to 4 years is a must to benefit the loan. The amount of loan is determined after looking at the cash flow statement and economic statements of the applicant. The highest amount varies focus to individual policies in special banks. Refund is done in lump sum installment after the achievement of project/ promotion of the flats. The figure of installments is limited to 3 to 4.



 

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Loans in India are easily avaialable More Information on Real Estate Loans in India!

Interest charged by Banks on the Real Estate Loans:
The rate of the interest is usually charged and determined according to the major lending rate of the creature bank. Builders can also opt for a floating or fixed rate of interest.
Process of the approval of a Real Estate Loans:
Real estate developers or builders can fill the loan application either in person or online and can apply for a loan. A nominal dispensation fee is taken by the bank.

 

Documents Required for Approval of Real Estate Loans:

  • 1. Application form with photograph
  • 2. Educational qualification
  • 3. Identity and residence proof
  • 4. Proof of business existence with business profile and last three years income tax return
  • 5. Last 3 years income statement and balance sheet.
  • 6. Last 3 month's personal and business bank statements.
  • 7. Processing fee check

List of Some of Banks Providing Real Estate Loans:
  • UCO Bank - UCO Real Estate
  • ICICI Bank - Commercial Real Estate
  • HDFC Bank - Real Estate Initiatives