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Builders or developers with minimum 3 projects/1lac sqft experience can avail this facility

The general factors taken into account while determining the eligibility of project finance are listed below:
1. The promoters should have proven track record and have successfully completed minimum 3 projects
2.The developer or the builder should have the land ownership in their name or firms name.

There are no fixed tenure it Depends upon the completion of the project

It depends upon the project and varies from bank to bank

The value of the property would be determined through a valuation conducted by the bank

Yes , property has to be insured varies from bank to bank

It takes 45 working days from the day of completion of documents and it may vary from bank to bank

The loan will be repaid through the capitalization/prepayment stipulated. It also be repaid through the principal component of EMI whenever EMI starts (after the moratorium period)

The loan can be prepaid although there are prepayment penalties stipulated. It varies from bank to bank.

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