Project Loan is the financing of long-term infrastructure, industrial and construction project in which project debt used to finance the project (Machinery, Construction and Working Capital) are paid back from the cash flow generated by the project. Project loans are usually used to finance for the large-scale building that used to provides some public benefit.
Land Purchase Loan Eligibility Criteria
Are you looking for a loan purchase and construction of the new house and also for Purchase of a plot of land for construction of a house. Home loan consists of two types of interest rates named as fixed and floating interest rates. Home loans will be eligible for both Salaried and self-employed.
Construction-to-permanent: You borrow to pay for construction. When you move in, the lender converts the loan balance into a permanent mortgage. It’s two loans in one.
Stand-alone construction: Your first loan pays for construction. When you move in, you get a mortgage to pay off the construction debt. It’s two separate loans.
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