Buying a property in Bangalore need in depth knowledge of the real estate market. Buyers should be able to differentiate between a fair and unfair deal. If you are one of those looking for real estate developers loan, then you have come to the right place. The ability to move forward into new projects is tied up with a secured finance. It is difficult to fund a project with cash, no matter what your financial position is.
At Home Loan Bangalore, we help you in choosing the right loan scheme at the best possible interest rate for developing your real estate business. We offer a variety of schemes that cater the needs of builders, developers, and promoters of real estate. We are tied up with several banks in Bangalore that include – SBI, ING Vysya, HDFC Bank, Axis Bank, PNB, Standard Chartered Bank, Kotak Mahindra, LIC, Sundaram Finance and Canfin Homes.
The loans that are sanctioned to develop a real estate project can either be residential or commercial. Anybody who is engaged in real estate development and construction business can apply for real estate developers loan. Most of the financial institutions in Bangalore look for the reputation of the builder before they approve real estate developers loan. The borrower should be in the real estate development business for at least 2-4 years.
The builders are allowed to choose fixed or floating interest rates based on the amount of loan sanctioned. The real estate developers loan rates are determined by the lending rate that is practiced by different financial institutions, and may fluctuate from time to time.
Real estate in Bangalore is a very rapidly growing segment and multiple financial institutions are offering real estate developers loan for reputed and genuine builders. The developers have the option to repay the loan amount in 3-5 instalments or after selling the building.
In order to process the loan, builders are required to fill the loan form available at our website. Upon receiving the application, our team will process the application and provide you with the best good quotes from leading banks in Bangalore.