Builder Funding or Builder Finance
Builder funding is specialized funding for builders & developers who are developing a residential or commercial construction project, and funds are required to complete the ongoing construction project. This funding helps the builders to focus on the construction part only, which ensures the timely completion & delivery of the project within its timelines without worrying about the finances.
This funding can be utilized in various parts of the project, such as:
- Purchasing construction material
- Clearing the bills of vendors & contractors
- To meet admin expenses like salaries & wages
- To invest money in the marketing that ensures fast selling of the project
- In takeover an existing ongoing loan with additional funds
Requirements for Builder Finance
- All the areas which has potential buyers
- Residential Project & Commercial project only
- Client/company must deliver some projects
- New developers also welcome with some conditions (kindly contact team)
- Standard or NPA project is welcome
- Profitable project revenues required
- Clean revenues with no fund diversion
Other Terms & Conditions
- For NPA Clients, payments can be made directly to the previous banker
- Loan Amount: As required for completion of project
- Tenor: As per delivery of project
- Repayment: As per sales share
- Locations: all India
- Private limited companies or limited companies are preferred
Construction loan for builders in India
We offer construction loans for builders & developers to construct & develop their ongoing or newly launched construction projects, such as residential apartments or commercial office units. These construction loans help the builders to complete their residential or commercial projects in the promised time to the buyers, which ensures good profitability and market reputation.
Some key Features
- Available in all major cities across India
- For residential as well as commercial projects
- Can be taken for ongoing as well as early-stage projects
- Covers all construction-related expenses like salaries, wages, raw material, contractor payment, and sales & marketing
- It can be taken on SPV also
- Repayment as per the sale of units
- No additional collateral is required
