Balance Transfer

Why Choose ABHFL Construction Finance?

Key Benefits:

• Structured Financing – Tailored loan solutions based on project cash flow for seamless execution.
• Flexible Loan Tenure – Avail funding for up to 60 months to suit your construction timelines.
• Escrow-Based Repayment – Simplified repayment with an escrow mechanism and structured options.
• Collateral-Backed Loans – Secure financing with mortgage-backed lending and project receivables hypothecation.
• Competitive Loan Amounts – Funding evaluated based on construction cost and project viability.

Additional Advantages:

• Minimal Documentation – Hassle-free process with basic document requirements.
• Transparent Processing – No hidden charges, ensuring a smooth and reliable borrowing experience.
• Dedicated Relationship Manager – Expert guidance throughout the loan tenure.

ABHFL Construction Finance: Eligibility Criteria

Ensuring you meet the eligibility criteria helps in a smoother loan approval process.

General Criteria:

• Applicant Type: Real estate developers, builders, and construction firms
• Project Type: Residential or commercial under-construction projects
• Loan Tenure: Up to 60 months, subject to project timelines
• Collateral: Mortgage of property and hypothecation of project receivables

Note: Meeting these criteria does not guarantee loan approval. Final eligibility depends on credit appraisal, project assessment, and financial stability.

Step-by-Step Guide: How to Apply for Construction Finance?

Securing construction finance with ABHFL is a seamless process designed for real estate developers.

Step 1: Check Eligibility
Assess your project’s eligibility based on cash flow, construction timelines, and collateral requirements.

Step 2: Prepare Documentation
Gather the necessary documents, including:

• Developer’s financial statements
• Project cash flow reports
• Sales receivables proof
• Property and construction plan approvals

Step 3: Application Submission
Complete the loan application form with accurate project and financial details.

Step 4: Document Verification
Our team will review the submitted documents and may request additional information if required.

Step 5: Loan Offer & Acceptance
Once verified, you will receive a loan offer detailing the approved amount, tenure, and repayment terms. Review and accept the terms.

Step 6: Property & Project Evaluation
A thorough assessment of the project’s feasibility, construction status, and collateral value will be conducted.

Step 7: Loan Disbursement
Upon successful verification and evaluation, the funds will be disbursed in phases as per the construction plan.

Documents Required for Construction Finance

Having the right documents ready ensures a seamless approval process.

Personal Documents:

• Identity Proof – Aadhaar Card, PAN Card, Passport, Voter ID
• Address Proof – Utility Bills (not older than 3 months), Passport, Aadhaar, Rent Agreement
• Passport- Size Photographs

Financial Documents:

For Real Estate Developers & Builders:

• Last 3 years’ Income Tax Returns (ITR)
• Audited financial statements (Profit & Loss Statement, Balance Sheet)
• Bank statements for the past 12 months
• Loan repayment history (if applicable)

Project & Property Documents:

• Project Sales Receivables Statement
• Approved Construction Plan & Cost Estimates
• Title Deeds of the Property
• Encumbrance Certificate
• No Objection Certificate (NOC) from local authorities (if applicable)
• Escrow Agreement & Mortgage Documents