Today Finserv Construction Loan comes with flexible funding, low interest rates, and a simplified application and approval process. In the following sections, we will look into the benefits, eligibility requirements, application steps, and the competitively low interest rates, flexible payment and quick approval.
Why Choose Today Finserv Construction Loan?
Today Finserv, unlike other loan providers, offers tailor made solutions with a specific focus on the contruction industry. This is why businesses prefer the Today Finserv Construction Loan.
Quick and Easy Approcal Process
Spend all the time in the world wasted waiting in lines at the banks? Today Finserv is not your traditional bank. With a low hassle application and approval process, you can access your construction loan on time.
Competitve Interest Rate
Good for you, our construction loan offer is equipped with an interest rate so low you will question if we are trying to provide you our loan at a loss. This construction loan will not only stimulate your constriction sector business, but will also increase profitability and ease the burden.
Flexible Repayment Options
Loan installments will not add to the headache of project related tasks, thanks to the customized and flexible repayment schedules tailored to your project cash flow.
No Additional Costs
With clearly defined terms and conditions, there are no hidden charges which helps maintain seamless borrowing.
Collateral & Non-Collateral Options
Loans can be offered both with and without collateral based on the evaluation of the borrower’s credit profile.
Comprehensive Financial Assistance
Our loans facilitate construction financing which includes everything from the procurement of raw materials to wages.
Today Finserv offers different types of construction loan
Short Term Construction Loan
Best suited for smaller and medium-sized projects with short completion windows. Funds can be allocated toward labor, equipment, or materials.
Long Term Construction Financing
Applicable for the construction of housing complexes, commercial buildings, and large scale infrastructure projects.
Equipment Financing
Acquire heavy equipment, tools, and vehicles with leasing or purchasining options which have lower initial cost requirements.
Operational Loans
Cover for routine operational costs, manage payroll, and address unplanned expenses while executing projects.
Loans for Land Acquisition
Funding can be secured to purchase land to be developed in the future.
Eligibility for Today Finserv Construction Loan
The applicant for a construction loan must have the following qualifications:
- Business Vintage: Minimum 2-3 years of experience in the construction industry.
- Credit Rating: A CIBIL score above 650 is ideal.
- Feasibility Study: A thorough business plan or proposal is highly documented.
- Financial Statements: These include the audited balance sheets along with the profit and loss statements and future cash flow projections.
- Collateral: This could be property or machinery or any other asset that could be pledged for a secured loan.
Documents Needed to Apply for Construction Loan
For timely approval of the construction loan, the following documents must be kept ready:
- PAN Card and Aadhaar Card
- GST/MSME Registration documents.
- Bank Statements for the last 6 to 12 months.
- Estimation of project cost along with the blueprints.
- Income Tax returns for the last 2 to 3 years.
- Documents of the property in case of secured loan.
How to Apply for Today Finserv Construction Loan?
To acquire the loan, follow the outlined steps:
Check Eligibility
Evaluate loan opportunities with Today Finserv eligibility calculator.
Submit Application
Complete the designated business and project online form.
Upload Documents
Submit the required documentation for verification for the loan.
Loan Approval
Approval is received within 24-48 hours.
Disbursement
Funds are disbursed directly to the applicant’s account
The construction loan has the following features
- The loan is processed and funds disbursed within 48-72 hours.
- The borrower is allowed to withdraw the funds as per project requirements.
- There is low to minimal documentation required for the loan application.
- There is direct assistance to the borrower from a relationship manager for any financial counseling.
- Scalable Financing Increase loan limits as your business expands.
How Today Finserv Assists Construction Companies In Growing Their Businesses?
Streamlines Timely Project Completion
Access to funds eliminates delays caused by financial bottlenecks.
Aids Business Growth
Finance additional projects, expand workforce, and acquire new equipment.
Streamlines Finances
Flexible repayment schedules ensure efficient financial workflows.
Increases Reliance on Structured Finance
Avoid high-interest informal loans with private lender-backed loans through informal financing.
A Today Finserv Construction Loan integrates seamlessly as a financial partner, especially for builders, contractors, and developers intending to scale their operations without facing liquidity challenges. We streamline financing and provide quick approvals along with flexible financing terms to ensure you receive the dedicated support needed to execute your quality projects.
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