Capri Global Housing Finance Limited | Products - Non Housing Construction Finance

Real estate is the largest supplier of employment in the society. It is also the key contributor to the economic growth of a nation. Add to this, here is a government immensely focussed to provide housing for all by 2022 which has resulted in further demand of housing especially in the affordable segment. Our construction finance loans are intended to provide working capital to such developers so that they can successfully complete their projects and add to the housing stock of the economy.

Who Can apply

Developers with proven track record of having successfully completed past projects.

Purpose

Construction finance can be used for completion of any under construction project provided all project related approvals are on record.

Loan amount

Construction finance is provided up to Rs. 25 crore.

Tenure

Up to 4 years

Interest rates

We offer construction finance for an interest range of 15% - 18%.

CGHFL follows risk based pricing approach by taking into account, broad parameters like borrower’s credit profile and collateral type. Applicable interest rate is a function of company’s cost of funds and prevailing market rates at the time of sanction.

Security

The entire project land parcel along with construction thereon is the security for the loan. Additionally, guarantees of the promoters/partners are required and assignment of entire project receivables.

Benefits