Secure Your Business Expansion with an Industrial Property Loan

Bank Name	Min Interest Rate	Processing Fee	Max Loan (Lacs)	Max Tenure (Month)
Neogrowth	15.00%	2	23	12
Axis Finance Limited	10.00%	1%	500	180
Indian Bank	9.70%	1%	1000	120
Aavas Financiers Limited	13%	1%	100	180
South Indian Bank Ltd.	12.55%	1%	1500	180
UCO Bank	9.50%	1%	200	120
Piramal Capital and Housing Finance	10.00%	1%	200	180
RBL Bank Ltd.	9.50%	1%	1000	180
Canara Bank	9.30%	1%	1000	120
IDFC First Bank	8.75%	1%	700	180
LIC Housing Finance	9.70%	1%	200	180
HDB Financial Services Limited	10.50%	1%	500	180
HSBC Bank	8.45%	1%	1000	180
IndusInd Bank	9.80%	1%	1000	180
Punjab National Bank	9.00%	1%	500	120
UGRO Capital	14.00%	1%	500	180
YES Bank Ltd.	9.40%	1%	1000	180
Central Bank of India	8.90%	1%	500	120
Tata Capital Financial Services Limited	9.00%	1%	500	180
Edelweiss Finance	10.50%	1%	300	120
Kotak Mahindra Bank	9.50%	1%	2500	180
DCB Bank Ltd.	9.95%	1%	1000	180
United Bank of India	9.85%	1%	1000	120
Bank of India	9.10%	1%	1000	120
Digibank (DBS)	13.05%	1%	1000	180
Standard Chartered Bank	10.10%	1%	500	180
PNB Housing	9.00%	1%	1000	180
Indiabulls	9.50%	1%	750	180
Axis Bank Ltd.	10.50%	1%	1500	180
ICICI Bank Ltd.	10.60%	1%	2500	180
HDFC Bank Ltd	8.75%	0.50%	3500	180
State Bank of India	9.50%	1%	750	120
Aditya Birla Finance Limited	10.00%	1%	500	180
Federal Bank Ltd.	9.50%	9.50%	1000	180
Bandhan Bank Ltd.	11.89%	1%	1000	180
Bank of Baroda	9.85%	1%	1000	12
Vistaar Financial Services Private Limited	12.5%	1%	50	180
IIFL	13.25%	1%	200	180
Hero FinCorp Limited	11.00%	1%	300	180
Deutsche Bank	9.75%	1%	500	180
Cholamandalam Investment and Finance Company Limited	10.00%	1%	300	180

Apply Now EMI Calculator Eligibility Criteria Documents Check List FAQs

Loan Amount is:

₹

₹ 10L

₹ 50L

₹ 1C

₹ 1.5C

₹ 2C

₹ 2.5C

₹ 3C

Interest Rate is:

10%

15%

20%

25%

30%

Loan Tenure is:

Yr Mo

Loan EMI

₹

Total Interest

₹

Total Payment

₹

// `); // setTimeout(() => { // w.print(); // }, 1000) // w.document.close(); // return false; // }); // share_doc.addEventListener('click', () => { // share_url.style.display = 'block'; // }); function drawChartCustom(one, selElem) { var data = google.visualization.arrayToDataTable([ ['Task', 'Hours per Day'], ['Principal', 100 - one], ['Interest', one], ]); // Optional; add a title and set the width and height of the chart var options = { 'title': 'Total Payment Break-up', 'width': 200, 'height': 175 }; // Display the chart inside the

element with id="piechart" document.getElementById(selElem).innerHTML = ''; var chart = new google.visualization.PieChart(document.getElementById(selElem)); chart.draw(data, options); // console.log('done'); } const calculate_pl = () => { const interest = parseFloat(pl_loaninterest.value) / 1200; const loantenure = pl_loanyears.checked ? 'Y' : 'M'; const months = loantenure === "M" ? 1 : 12; // let term = loan.loanDuration * months; let term = pl_loanterm.value * months; const top = Math.pow(1 + interest, term); const bottom = top - 1; const ratio = top / bottom; const loanamountValue = pl_loanamount.value.replace(/[^\d\.]/g, ""); const EMI = loanamountValue * interest * ratio; const Total = EMI * term; const EMI_data = { EMI: EMI.toFixed(0), Total: Total.toFixed(0), total_interest: (Total.toFixed(0) - loanamountValue).toFixed(0), }; pl_k_emi.innerText = EMI_data.EMI; pl_k_pay.innerText = EMI_data.Total; pl_k_int.innerText = EMI_data.total_interest; const noOfMonths = parseInt(term); let listHtml = ``; let pr_val = loanamountValue; for (let i = 0; i < noOfMonths; i++) { const int_amt = pr_val * (parseFloat(pl_loaninterest.value) / 100) / 12; const pri_amt = EMI - int_amt; const bal_amt = pr_val - pri_amt; listHtml += `${i+1}₹ ${pri_amt.toFixed(0)}₹ ${int_amt.toFixed(0)}₹ ${EMI.toFixed(0)}₹ ${bal_amt < 0 ? 0 : bal_amt.toFixed(0)}`; pr_val = pr_val - pri_amt; } pl_emi_list.innerHTML = listHtml; // console.log("EMI", EMI_data); // const a = EMI_data.Total; // const b = EMI_data.total_interest; // const c = parseInt((b / a) * 100); // drawChart(c); return EMI_data; }; const calculate_cl = () => { const interest = parseFloat(cl_loaninterest.value) / 1200; const loantenure = cl_loanyears.checked ? 'Y' : 'M'; const months = loantenure === "M" ? 1 : 12; // let term = loan.loanDuration * months; let term = cl_loanterm.value * months; const top = Math.pow(1 + interest, term); const bottom = top - 1; const ratio = top / bottom; const loanamountValue = cl_loanamount.value.replace(/[^\d\.]/g, ""); const EMI = loanamountValue * interest * ratio; const Total = EMI * term; const EMI_data = { EMI: EMI.toFixed(0), Total: Total.toFixed(0), total_interest: (Total.toFixed(0) - loanamountValue).toFixed(0), }; cl_k_emi.innerText = EMI_data.EMI; cl_k_pay.innerText = EMI_data.Total; cl_k_int.innerText = EMI_data.total_interest; const noOfMonths = parseInt(term); let listHtml = ``; let pr_val = loanamountValue; for (let i = 0; i < noOfMonths; i++) { const int_amt = pr_val * (parseFloat(cl_loaninterest.value) / 100) / 12; const pri_amt = EMI - int_amt; const bal_amt = pr_val - pri_amt; listHtml += `${i+1}₹ ${pri_amt.toFixed(0)}₹ ${int_amt.toFixed(0)}₹ ${EMI.toFixed(0)}₹ ${bal_amt < 0 ? 0 : bal_amt.toFixed(0)}`; pr_val = pr_val - pri_amt; } cl_emi_list.innerHTML = listHtml; // console.log("EMI", EMI_data); // const a = EMI_data.Total; // const b = EMI_data.total_interest; // const c = parseInt((b / a) * 100); // drawChart(c); return EMI_data; }; const updatePL = () => { const loanObj = calculate_pl(); // console.log('loanObj', loanObj); const total = loanObj.Total; const interest = loanObj.total_interest; const intPer = parseInt((interest / total) * 100); // console.log('intPer', intPer); drawChartCustom(intPer, 'pl_piechart'); }; const updateCL = () => { const loanObj = calculate_cl(); // console.log('loanObj', loanObj); const total = loanObj.Total; const interest = loanObj.total_interest; const intPer = parseInt((interest / total) * 100); // console.log('intPer', intPer); drawChartCustom(intPer, 'cl_piechart'); }; // pl_loanamount.addEventListener("keyup", updatePL); // pl_loaninterest.addEventListener("keyup", updatePL); // pl_loanterm.addEventListener("keyup", updatePL); // pl_loanyears.addEventListener("change", updatePL); // pl_loanmonths.addEventListener("change", updatePL); // cl_loanamount.addEventListener("keyup", updateCL); // cl_loaninterest.addEventListener("keyup", updateCL); // cl_loanterm.addEventListener("keyup", updateCL); // cl_loanyears.addEventListener("change", updateCL); // cl_loanmonths.addEventListener("change", updateCL);

Eligibility Criteria

What you mean by Industrial property loan Eligibility Criteria?

Are you in search of Industrial property for you new or existing business, firstly check eligibility requirements are matching or not, if not then try to match it earlier before proceeding further.

Industrial property loan Eligibility Criteria

Usually, Industrial property loan Eligibility Criteria depends on various factors like age of applicant, monthly salary or business income of co-applicant & residency..etc.

• Age Limit of Individuals –22 to 65 years of age
• Good financial statement
• 700 above Credit score
• Nationality - Resident of Indian

Note: - You can avail 70% - 90% of industrial property value as a loan amount.

What are the factors generally affecting Industrial property loan Eligibility Criteria?

There are Top factors that generally affects Industrial property loan Eligibility Criteria as given below: -

Low Credit Score: - If you have existing loan then try to close it first, as it affects your Credit score if you ever paid late EMI or not yet paid repayment.

Applicant Age: - As stated above in eligibility criteria that there is a specific age limitation for applying loan, therefore if you were unable to meet the requirements to fall to get loan.

What are the ways to increase Industrial property loan eligibility?

To increase Industrial property loan eligibility, you need to consider Top points as given below, this will aid you in increasing your eligibility level.

Add Earning family member as co-applicant: - To increase your eligibility you can add up any of your earning family member as a co-applicant as it will help you to improve your eligibility.

Credit Score above 750: - A good credit score helps you to increase your eligibility upon loan, credit score above 750 known to be great score which will definitely aid to get loan approval.

Good financial record: - Make sure that you maintain a good financial record in terms of availing loan, as with a bad financial record your eligibility level become lower .

Documents Required

INDIVIDUAL

PAN CARD COPY
AADHAR CARD + PASSPORT
ADDRESS PROOF IF RENTED ALSO REQUIRED PERMANENT ADDRESS PROOF
LAST 3 YEARS FORM -16, ITR WITH COMPUTATION OF INCOME IF FILE
LAST 1 YEAR BANK STATEMENT - SALARY ACCOUNT
LOAN SCHEDULE & SANCTION LETTER (IF RUNNING)
COMPLETE PROPERTY PAPERS WITH CHAIN & MAP +ATS
PROCESSING FEE CHEQUE IN FAVOUR OF BANK

PROP FIRM

PAN CARD CLEAR COPY PROPRIETOR
ADDRESS PROOF (PASS PORT, VOTER ID CARD) PROPRIETOR
OFFICE ADDRESS PROOF LATEST (ELECTRICITY BILL, TELEPHONE BILL)
FIRM REGISTRATION CERTIFICATES & GST REGISTRATION COPY
LAST 1 YEAR GST RETURN COPY
FIRM 3 YEARS ITR COMPUTATION, PROFIT LOSS A/C, BALANCE-SHEET, TAX AUDIT REPORT, ALL SCHEDULED & ANNEXURE
PROVISIONAL FINANCIAL AY 2019-20
BANK ACCOUNTS (CURRENT ACCOUNT, CC ACCOUNT, OD ACCOUNT LAST 1 YEAR UPDATED)
6 MONTH SAVING ACCOUNT STATEMENT UPDATED (PROPRIETOR)
IF RUNNING ANY LOAN PLEASE PROVIDE SANCTION LETTER AND REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS WITH CHAIN SANCTION MAP

PARTNERSHIP FIRM

PARTNERS
PAN CARD - COMPANY, ALL PARTNERS
ADDRESS PROOF - ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
PARTNERSHIP DEED COPY
GST CERTIFICATE
GST RETURN LAST 1 YEARS
3 YEAR COMPANY ITR COI P/L A/C BALANCESHEET + AUDIT REPORT 3CB 3CD, ALL ANNEXXURS, SCHEDULED WITH C.A.CERTIFIED
PROVISIONAL FINANCIAL AY 2019-20
3 YEAR.ALL PARTNER INDIVIDUALS ITR + COMPUTATION
FIRM ALL A/C BANK STATEMENT 1 YEAR UPDATED
ALL PARTNER SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER + TRACK RECORDS OR REPAYMENT SCHEDULED
AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH MAP
PROJECTED FINANCIAL
PROJECT FEASIBILITY REPORT
COMPANY PROFILE & MANAGEMENT PROFILE
ISO CERTIFICATE & MSME CERTIFICATE
POLLUTION CETIFICATE
CMA DATA
MACHINE QUOTATION
BUILDING ONSTRUCTION ESTIMATE

PVT.LTD

ALL DIRECTORS PHOTOGRAPH
CLEAR PAN CARD - COMPANY AND ALL DIRECTORS
ADDRESS PROOF – COMPANY AND DIRECTORS
LIST OF DIRECTOR& SHARE HOLDER WITH CA CERTIFIED AS ON DATE
MEMORANDOM ORDER IN HAND AND COMPLETE COPY (IF APPLICABLE)
GST, SALE, VAT AND SSI REGISTRATION CERTIFICATE
1 YEAR GST RETURNS
ALL DIRECTORS INDIVIDUALS ITR & COMPUTATION LAST 3 YEARS
LAST 3 YEARS COMPLETE FINANCIAL WITH TAX AUDIT REPORT AND ANNEXURE
PROVISIONAL FINANCIAL FY 2019-20 OR MONTH WISE SALE FIGURE LAST 1 YEAR
COMPANY ALL BANK ACCOUNT STATEMENT 1 YEAR UPDATED
ALL DIRECTORS SAVING A/C STATEMENT 6 MONTH
IF RUNNING ANY LOAN – LATEST SANCTION LETTER AND REPAYMENT SCHEDULED AGREEMENT TO SELL COPY
PROPERTY PAPERS COMPLETE CHAIN WITH SANCTION MAP

FAQs

Frequently asked questions (FAQ) pages are Q&A-style pages that most brands build to answer queries that slip through the cracks. FAQs are targeted to give a complete sense of query satisfaction to the client.

Does taking a Industrial Property Loan is good idea or bad idea?

When you have a shortage of finance, off course you opt for loan & that won’t be a bad thing since it’s the ideal way to get finance.

Who can avail Industrial Property Loan?

Self-employed who have 3+ years of an existing business can avail loan.

What are the other charges applicable for loan against Industrial Property?

Processing fee
Late payment fee
Foreclosure Charges
Pre-payment charges

How to calculate Industrial Property Loan?

Calculate EMI for better financial planning, you need to enter loan amount, Interest Rate & tenure period so that it can predict overall chart.

What is the current Rates of Industrial Property Loan?

Loan for Industrial Property Rates starting from @ 7.50 onwards.

Which are the documents required for Industrial Property Loan?

KYC Documents of identity proof & residential proof
Income proof
Bank statement
Property documents

What are the benefits of Industrial Property Loan?

Loan at competitive Interest Rates
Required minimal documentation
Simplified document processing
Flexible tenure facility
Doorstep assistance available

How to use Industrial Property Loan calculator?

Calculating EMI is much simpler because of auto-calculation it lessen your time, just you need to enter loan amount, Interest Rate & tenure period that all is required for calculating within a few second it present a scheduled chart containing monthly EMI & remaining principal amount.

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Industrial Property Loan @9.00% Onwards

Industrial Property Loan