Builder/Construction Finance

Construction Finance is available to developers / builders who have marketable projects / in area of demand for developing and constructing Residential / Commercial Premises.

Purpose

  • Construction Finance – Financing of Project Cost
  • Purchase of Land
  • Discounting of receivables towards flats/ apartments already sold
  • Inventory Financing

Type of Loans Available

  • Term Loan
  • Short Term Loans
  • Revolving Short Term Loan
  • Flexible Drop-Down Limit

Features

  • Easy & quick disbursement process
  • Tenure up to 36 months.
  • Repayment via EMIs through NACH/Escrow Account.
  • Simple Documentation.
  • Attractive Interest Rate.

Benefits

  • Simplified Documentation
  • Quick Processing
  • Top Up Loans
  • Insurance for Self and Property (Optional)

Disbursement

  • Installments depending on the progress of work in the project, its funding requirements and availability of sufficient security cover.

Security & Title

  • Mortgage of the land over which the building is proposed along with super structure.
  • Mortgage of Developers allocation in case of Joint Venture Projects.
  • Personal Guarantee of the Partners / Promoters / Corporate Guarantee.
  • The Receivables from various ongoing Projects to be assigned.

Documents Required

  • As Advised by Hytone Finance