It works almost the same way, like Loan Against Property. The only difference is, instead of EMI, one has to serve only the interest.

Biggest benefit of this product is that interest is payable only on the amount used, not on the total limit.

For all kind of capital expenditure – like setting up factory, purchasing commercial gala, constructing residential or commercial buildings, Project Loans are available./p>

Key Advantages of Project Loans:

• Project Loan can be granted to the new projects, which doesn’t have any track of performance or income.
• Moratorium Period is available, when the only interest can be served.
• In certain instances, the collaterals required are relatively low.

Many businesses have a short working capital cycle. They don’t need the CC or Working capital facility because in their business, the investment in debtors and stock is relatively low. Such businesses might need funds for long term investments in infrastructure, branding or even to revamp the technology. We can help such businesses to raise the funds through this product.

Most Important Benefits of Loan against Property are:

• Interest Rates are better than working capital rates
• No need to pay renewal charges every year
• Long Tenure – So relatively much smaller EMI
• Interest fully deductible in Income Tax – Sometimes even more beneficial than Home Loan.

We have 15 Banks & NBFCs which can provide you the solution which best fits your requirements.