You can repay your Warehouse Construction Loan between 7 years to 11 years.
Warehouse Construction Loan @8.00% Onwardss
• Avail this facility to construct or expand your godown setup
• Get attractive interest rates
• Fast & easy loan processing
• Get attractive interest rates
• Fast & easy loan processing
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Eligibility Criteria
What you mean by Warehouse construction loan Eligibility Criteria?
The Main aim of the loan providing is to set up warehouse in rural areas to support farmers harvesting fruits & vegetables to be stored on specific temperature from spoilage.
Warehouse construction loan Eligibility Criteria
There are few eligibility criteria you are required to have a look before applying for loan
- • Co-operatives, Agro-processing co-operative societies
- • Individuals / Farmers
- • Proprietary and partnership firms
- • Corporations, Agro-Industrial corporations
- • Group of Farmers/Growers
- • Agricultural Produce Marketing Committees
- • Agro-Processing Corporations
Note: – You can avail up to 80% of project cost as a loan amount, but generally min to max ranging for construction loan will be 1 Lakh to 20 Crore.
What are the factors generally affecting Warehouse construction loan Eligibility Criteria?
There are Top factors that generally affects loan Eligibility Criteria as given below:-
Credit History – Your credit history would affect your eligibility level as the lenders will check your credit history to ensure that you are capable of repaying loan on time, if in past ever missed any payment or paid bills delay then it will lower your chances of getting loan.
Professional status: – If you are a self-employed, professional or businessman then you would require showing all professional details with bank statement as to let know financial stability.
What are the ways to increase Warehouse construction loan eligibility?
To increase Warehouse construction loan eligibility, you need to consider points as given below, this will aid you in increasing your eligibility level.
Relationship with lender: – Having a good relationship with your lender can help you getting multiple advantages, like negotiating loan amount as well as interest rates.
Include extra Income: – Apart from your regular monthly income, you can also add up any income that generated by you as it will additionally increase your eligibility strength.
Documents Required
- 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
- PROJECTED FINANCIAL
- PROJECT FEASIBILITY REPORT
- COMPANY PROFILE & MANAGEMENT PROFILE
- ISO CERTIFICATE & MSME CERTIFICATE
- POLLUTION CERTIFICATE
- CMA DATA
- MACHINE QUOTATION
- BUILDING CONSTRUCTION ESTIMATE
- LAST 3 MONTHS SALARY SLIP + APPOINTMENT LETTER
- 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
- PROJECTED FINANCIAL
- PROJECT FEASIBILITY REPORT
- COMPANY PROFILE & MANAGEMENT PROFILE
- ISO CERTIFICATE & MSME CERTIFICATE
- POLLUTION CERTIFICATE
- CMA DATA
- MACHINE QUOTATION
- BUILDING CONSTRUCTION ESTIMATE
- PARTNERS
- PAN CARD – COMPANY, ALL PARTNERS
- ADDRESS PROOF – ALL PARTNERS (PASS PORT, VOTER I PAN CARD, ADHAAR)
- FIRM ADDRESS PROOF- LATEST ANY UTILITY BILL.
- 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
- 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
- PROJECTED FEASIBILITY REPORT
- COMPANY PROFILE & MSME CERTIFICATE
- POLLUTION CERTIFICATE
- CMA DATA
- MACHINE QUOTATION
- BUILDING CONSTRUCATION ESTIMATE
Frequently Asked Questions
There are Some benefits of a Warehouse Construction Loan. This loan is provided for Government or Private Warehouses. The documentation is less and the loan is given quickly.
There are different criteria of getting loan; –
- If you are farmer you can expect loan amount from ranging 25,000 to 10 lakhs.
- If you are traders, you can expect loan amount from ranging 25,000 to 5 Crore.
- If you are Processor, you can expect loan amount from ranging 10 lakhs to 100 crores.
There are some documents you required in terms of getting loan for Warehouse Construction in India like land document, Address proof, Photo ID and signature proof.
This Warehouse Loan facility is given to individuals, Public & Private Limited concerns, dealers, traders, co-operative societies, and joint sector companies in Public or Private Sector for construction and running of warehouse.
To be eligible for Warehouse Construction Loan make sure you meet below criteria before applying for loan.
- Applicant age should be 23 – 65years
- You must be Individual/Farmers/Agro-industrial corporation/NGO’s
- Background of business promoter should be good
- Credit score should be above 750
The cibil score is required for ware house construction is 750 or above.
Can I get Warehouse Construction Loan on low cibil score?
If the cibil score is low then you cannot able to apply for a Warehouse Construction Loan but if suppose bank give you the flexibility to add co-borrower then you can add co-applicant or a guarantor.
