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Builder Funding Loan(Secured)

Secure high-ticket funding for real estate development projects. 

Introduction

Builder Funding is designed to support real estate developers for ongoing or upcoming projects. The loan is secured against project assets, land, or commercial properties and supports residential, commercial, and mixed-use developments.

Features & Benefits
  • High-value funding 
  • Interest rates lower than unsecured funding 
  • Stage-wise disbursement 
  • Flexible repayment plans 
  • Suitable for small to large developers 
Eligibility Criteria

  • Eligible Borrower

    • Real estate developers / builders

    • Construction companies / LLPs / Private Limited Companies

    • Registered partnership or proprietorship firms (as per bank policy)

  • Residency

    • Borrower entity must be registered and operating in India

  • Promoter / Director Age

    • Generally 21–65 years

  • Experience / Track Record

    • Minimum 3–5 years experience in real estate development

    • Proven track record of completed projects

  • Project Eligibility

    • Residential / commercial project approved by local authorities

    • Clear land title and no legal disputes

    • Project must comply with RERA regulations

  • Credit History

    • Good credit profile of the entity and promoters

    • No major defaults, NPAs, or willful defaulter status

  • Financial Strength

    • Adequate net worth of promoters

    • Sufficient own contribution / margin money

  • Project Viability

    • Positive cash flow projections

    • Acceptable project IRR and DSCR as per bank norms

  • Loan Amount Eligibility

    • Based on project cost, stage of construction, and funding gap

    • Phased disbursement linked to construction milestones

  • Security / Collateral

    • Mortgage of project land and buildings

    • Assignment of project receivables

    • Personal / corporate guarantee of promoters

  • Regulatory Compliance

    • Compliance with RBI, RERA, local municipal laws

    • Statutory approvals in place (building plan, environment clearance if applicable)

  • Escrow Mechanism

    • Project escrow account for monitoring cash flows (mandatory in most cases)

Documents Required

  • Duly filled Builder Funding / Construction Finance Loan Application Form

  • KYC Documents (Mandatory)

    • PAN Card of company / firm (mandatory)

    • PAN & Aadhaar of promoters / directors / partners

    • Passport-size photographs of promoters / directors

  • Entity Registration Documents

    • Certificate of Incorporation (Company)

    • Memorandum & Articles of Association (MOA / AOA)

    • Partnership Deed / LLP Agreement (if applicable)

    • Board Resolution authorizing borrowing

  • Business & Experience Proof

    • Profile of developer / builder

    • Details of completed & ongoing projects

    • Experience certificates (if required)

  • Financial Documents

    • Audited Balance Sheet, P&L, and Cash Flow Statements for last 3–5 years

    • Income Tax Returns of entity & promoters

    • Net worth statement of promoters

  • Bank Statements

    • Last 6–12 months bank statements of company / firm

  • Project Documents

    • Approved Building Plan

    • Commencement Certificate

    • Project Cost & Funding Structure

    • Project Report / Techno-Economic Viability (TEV) report

    • Construction schedule & cash flow projections

  • Land & Property Documents

    • Land Title Deed / Sale Deed

    • Chain of Title documents

    • Encumbrance Certificate

    • Land valuation report

  • Statutory & Regulatory Approvals

    • RERA Registration Certificate

    • Environmental Clearance (if applicable)

    • Local authority approvals / NOCs

  • Security & Collateral Documents

    • Mortgage deed of land & project

    • Assignment of receivables

    • Personal / Corporate Guarantee documents

    • Insurance of project assets

  • Escrow Account Documents

    • Escrow account agreement for project cash flows

Comparison of Builder Funding Loan Rates and Fees

Bank Loan Amount Business Loan Interest Rates* Lowest EMI per lakh for Max Tenurer Processing Fee on the Loan Amount
SBI Bank
Rs.1Billion Max
11.20%– 16.30%
Rs.2,594 for 48 months
2% to 3%
HDFC Bank
Rs.50 Lakhs Max
15.50%– 18.30%
Rs.2,808 for 48 months
0.99% onwards. Max 2.50%
ICICI Bank
Rs.40 Lakhs Max
12.90%– 16.65%
Rs.2,270 for 60 months
0.99% onwards. Up to 2%
Axis Bank
Rs.50 Lakhs Max
15.50%to 24%
Rs.2,405 for 60 months
Up to 2%
RBL Bank
Rs.10 Lakhs Max
20.00%– onwords
Rs.2,649 for 60 months
3%
Kotak Bank
Rs.75 Lakhs Max
16.00%– 19.99%
Rs.2,432 for 60 months
Up to 2%
Lendingkart
Rs.1 Crore Max
18.00%– onwords
Rs.9,168 for 12 months
2%
Bajaj Finserv
Rs.30 Lakhs Max
Interestrate 18% onwards
Rs.2,938 for 48 months
Up to 2%
Deutsche Bank
Rs.50 Lakhs Max
24.00%
Rs.3,923 for 36 months
Up to 3%
Edelweiss
Rs.30 Lakhs Max
18.25%onwards
Rs.2,553 for 60 months
2% onwards
Fullerton India
Rs.50 Lakhs Max
16.00%onwards
Rs.2,834 for 48 months
2%
Tata Capital
Rs.50 lakhs Max
18.00%onwards
Rs.2,938 for 48 months
1.50%to 2.50%
Ziploan
Rs.5 Lakhs Max
Interestrate 1-1.5% per month(Flat).
3%
Why Choose M M Loans?
  • Multiple secured loan options from top banks 
  • Transparent processing & expert documentation support 
  • Tailored solutions based on your business cash flow 
  • Fast approvals and end-to-end assistance 

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