Construction Finance or Project Finance is a unique offering under which financial institution directly finances real estate developers for projects they are developing.
This product comes with customized offerings built around real estate developer’s project acquisition and construction cost basis a detailed evaluation of the project.
Embracing Project Finance opens up a world of opportunities for developers seeking to navigate the complexities of project financing with confidence and expertise.
Here Rate of interest varies from 15-30%. Repayment will be through an escrow account. Security will be mortgage of the land over which the building is proposed along with super structure, personal Guarantee of the Partners / Promoters Corporate Guarantee (if required) Banks releases amount based on the progress of work in the project, maximum tenure will be for 5 years.
Stay up to date with offers and promotions.
