Overview of Product
Industrial Mortgage Loan Consultant in Bangalore, India:
Looking for an industrial mortgage loan consultant in Bangalore? Grab Capital can help! We specialize in connecting businesses with the right lenders for industrial mortgage loans, also known as loans against industrial property.
This financing option unlocks the potential of your existing property by allowing you to use it as collateral to secure funds for growth. Industrial mortgage loans can be used for a variety of purposes, including:
- Expansion: Finance the construction of a new warehouse, upgrade your existing facilities, or open a new branch.
- Machinery Procurement: Invest in cutting-edge equipment to increase productivity and efficiency.
- Other Business Needs: Secure funding for working capital, technological advancements, or other strategic initiatives.
While interest rates for industrial mortgage loans may be slightly higher than other loan options, the benefits of unlocking growth and achieving your business goals often outweigh this consideration.
Ready to explore your industrial mortgage loan options in Bangalore? Grab Capital can guide you through the process and help you secure the most competitive rates and terms. Let our team of industrial mortgage loan consultants in Bangalore help you take your business to the next level.
Benefits of Loan Against Industrial Property in Bangalore, India:
- High Loan Amounts: Secure a loan against your industrial property for up to Rs. 10 crores.
- Competitive Rates: Enjoy affordable interest rates on your industrial mortgage through Grab Capital.
- Flexible Loan-to-Value (LTV): Get access to financing between 40% and 70% of your property’s value.
- Tailored Repayment Options: Choose from various repayment plans and personalize your EMI tenure and amount for optimal cash flow management.
Loan Against Industrial Property Interest Rate in Bangalore, India
| Name of Lender | Interest Rate | |
|---|---|---|
|
SBI
|
9.25% onwards |
|
|
HDFC Bank |
9.25% onwards |
|
|
LIC Housing Finance |
9.25% onwards |
|
|
Kotak Mahindra Bank |
9.25% onwards |
|
|
ICICI Bank |
9.25% onwards |
|
|
Punjab National Bank |
9.25% onwards |
|
|
Bank of Baroda |
9.25% onwards |
|
|
IDFC First Bank |
9.25% onwards |
|
|
Axis Bank |
9.25% onwards |
|
|
Godrej Housing Finance |
9.25% onwards |
|
|
Canara Bank |
9.25% onwards |
Loan Against Industrial Property Processing Fees:
- The cost: Processing fees for Loan Against Industrial Property can range from 0.5% to 2% of the loan amount.
- Grab Capital’s role: We can help you understand the processing fee structure of different lenders and negotiate for the best possible rate.
Loan Against Industrial Property Foreclosure Fees:
- The cost: Foreclosure fees typically range from 2% to 4% of the outstanding loan amount.
- Grab Capital’s role: We can help you understand your foreclosure clause and explore options to avoid default, such as loan restructuring or negotiating with the lender.
Loan Against Industrial Property Other Fees:
- This category may include:
- Legal and valuation charges: Fees associated with property valuation and legal documents required for the loan process.
- Stamp duty and registration charges: Government levies applicable to property transactions.
- Late payment charges: Penalties for missed loan installments.
- Grab Capital’s role: We can provide you with a clear picture of all potential fees upfront and help you factor them into your loan budgeting.
Why Choose Grab Capital ?
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Loan Against Industrial Property EMI Calculator
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EMI
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Eligibility Criteria for Loan Against Industrial Property in Bangalore, India
Our Financing Against Industrial Property eligibility criteria at Grab Capital are thoughtfully crafted to simplify the application process, ensuring a hassle-free experience for you.
- You should be aged between 24 to 65 years
- Should be Salaried or Self Employed
- Credit score should be above 750
Documents required for Loan Against Industrial Property in Bangalore, India
At Grab Capital, we prioritize your convenience. Our Financing against Industrial Property application process is streamlined, requiring minimal documentation.
- KYC Document
- Income and Financial Documents
- Property Papers
Note: Please be aware that the list of eligibility and documents mentioned above for the fund is not exhaustive. Additional documentation may be necessary as part of the application and processing requirements.
Ready to Secure Your Funds?
Your Eligibility Is Confirmed, It’s Time to Apply for the Funds You Need to Achieve Your Financial Goals!
FAQ's
Frequently Asked Questions
A Loan Against Industrial Property, also known as an industrial mortgage, allows you to borrow money using your industrial property in Bangalore as collateral. This can be a factory, warehouse, or any other industrial unit.
Lenders typically offer Loan Against Industrial Property for a percentage (up to 60%) of the property’s market value in Bangalore. The exact amount depends on factors like property type, location, and your financial profile.
In order to qualify for Industrial property financing, you should have a credit score above 700.
The repayment tenure for Loan Against Industrial Property in Bangalore can range from 3 to 15 years, with 12 years being common for industrial properties.
Financing eligibility for industrial properties can vary among lenders, but typically, a wide range of industrial properties may be eligible for such financings. These can include manufacturing units, warehouses, factories, industrial sheds, and other commercial properties used for industrial or manufacturing purposes.
There can be processing fees, legal fees, and valuation charges associated with Loan Against Industrial Property.