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Industrial Property Loan
Industrial property loan can be used for purchase of factory land and shed. An ideal product where savings of rentals can be used to pay EMIs for purchasing the property.
The Industrial Loan is a loan to a business rather than a loan to an individual consumer. These short-term loans may have an interest rate based on the prime rate and are secured by collateral owned by the business requesting the loan.
Industrial Revolution
The Industrial Revolution began in the 18th century, when agricultural societies became more industrialized and urban. The transcontinental railroad, the cotton gin, electricity and other inventions permanently changed society.
The industrial and economic developments of the Industrial Revolution brought significant social changes. Industrialization resulted in an increase in population and the phenomenon of urbanization, as a growing number of people moved to urban centres in search of employment.
Effects of the Industrial Revolution
- It developed the economy.
- It led to the emergence of machines.
- Communication and transportation improved dramatically.
- Railroads emerged.
- Created more jobs in the Industry.
- Increased production of goods.
- Raised standards of living.
- Provided hope of improvement.
- Improvements in sanitary conditions and medical care gradually occurred, although they were quite slow.
- Agricultural Revolution - farming became easier. Not as many people needed for farming.
- It caused the mechanization of agriculture.
Services for Industrial Property Loan
We have deals for providing a range of loans for purchase of Industry and construction of Industrial property in approved areas.
Are you looking for the best Loan to Industrial Property? If you have identified the Industrial Property for purchase,we have introduced a few new products to cater to the needs of industrialist and business owners.
- Direct allotment from Authority.
- Industrial Plot purchase from Resale Market
- Plot Purchase Plus Construction Loans
We have promised you for best service providing for Industrial purchase loans. We will have suggested you for transferring your current outstanding loan availed from another Bank / Financial Institution.
Benefits of Working Capital at Industrial Property
Working capital loansare short-term loans to help a business with cash-flow needs. Two times in the life of a business when it might need extra cash are at startup and during expansion. At these times, the outflow of cash is greater than cash coming in, until new customers and payments can be generated.
To expand and grow, small businesses need new equipment, machinery andset up a production line, make repairs or renovations to existing facilities, purchase an inventory of products. Working capital helps you for expand the business and maintain your financing needs.
Features & Benefits of Loan Against Property
- The loan is available at very competitive rates of interest, currently available in the industry.
- Option for different EMI amounts for different periods during tenure of loan to suit customer’s repayment capacity
- Loan to NRIs as well as Persons of Indian Origin.
- Simplified application form/procedures for convenience of customers, and speedy approvals.
- Repayment upto 70 years also allowed to salaried employees having assured post retirement income.
- Lowest processing charges.
- Prepayment of Loan permitted. No prepayment charges under floating rate option.
- Interest is calculated on daily balance basis which is of great advantage to customer as it results in lower interest amount.
- Life Insurance Cover to borrowers for Loan Protection(optional).
- Highly flexible - maximum 15 yrs. Loan to be normally repaid before date of retirement in case of salaried persons and before attaining 70 years of age in case of others.
- Complete transparency in operations.
- No Hidden costs or administrative charges.
- We are promised you for providing the best LTV in the market.